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StocksMedium•16 March 2026•

1 min read

Jefferies Hikes VNET Group Price Target to $23.55, Maintains Buy Rating

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Key Facts

1Jefferies raised the price target for VNET to $23.55 from its current price of approximately $9.48.

2The company reported Q4 revenue of $383.9 million, surpassing estimates.

Version History

2 additional sources confirmed this story

Jefferies has reaffirmed its 'Buy' rating for VNET Group, Inc. while significantly raising its price target to $23.55 from the current level of approximately $9.48. The investment bank's bullish outlook comes despite the company missing earnings per share (EPS) estimates, reporting a break-even result against an expected $0.04 profit. However, VNET's quarterly revenue of $383.9 million surpassed market expectations, driven by robust demand in the wholesale Internet Data Center (IDC) business. Operational momentum remains strong, with the company securing 135 megawatts of new wholesale orders during the fourth quarter. The massive price target increase suggests an upside potential of over 100%, signaling long-term confidence in the company's growth trajectory. Analysts highlight that record capacity delivery scheduled for 2025 will likely serve as a primary catalyst for the stock's future performance.