VNET Group (VNET) Stock Forecast, Price Target & Predictions


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VNET Stock Forecast


VNET Group stock forecast is as follows: an average price target of $6.73 (represents a 141.22% upside from VNET’s last price of $2.79) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

VNET Price Target


The average price target for VNET Group (VNET) is $6.73 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $8.20 to $4.00. This represents a potential 141.22% upside from VNET's last price of $2.79.

VNET Analyst Ratings


Buy

According to 5 Wall Street analysts, VNET Group's rating consensus is 'Buy'. The analyst rating breakdown for VNET stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

VNET Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Louis TsangCitigroup$4.00$2.7744.14%43.37%
Aug 28, 2024Edison LeeJefferies$7.98$2.27252.32%186.02%
May 30, 2024Edison LeeJefferies$6.69$1.99237.03%139.78%
May 17, 2022Kyna WongCredit Suisse$8.20$5.9936.89%193.91%
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The latest VNET Group stock forecast, released on Sep 04, 2024 by Louis Tsang from Citigroup, set a price target of $4.00, which represents a 44.14% increase from the stock price at the time of the forecast ($2.77), and a 43.37% increase from VNET last price ($2.79).

VNET Group Price Target by Period


1M3M12M
# Anlaysts223
Avg Price Target$5.99$5.99$6.22
Last Closing Price$2.79$2.79$2.79
Upside/Downside114.70%114.70%122.94%

In the current month, the average price target of VNET Group stock is $5.99, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 114.70% increase as opposed to VNET Group's last price of $2.79. This month's average price target is down 0.00% compared to last quarter, and down -3.70% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024Citigroup-BuyInitialise
Aug 28, 2024JefferiesBuyBuyHold
Jun 14, 2024Bank of America SecuritiesBuyBuyHold
May 30, 2024JefferiesBuyBuyHold
Mar 19, 2024Bank of America Securities-BuyUpgrade
May 25, 2022Goldman Sachs-NeutralUpgrade
May 17, 2022Credit SuisseOutperformOutperformHold
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VNET Group's last stock rating was published by Citigroup on Sep 04, 2024. The company Initialise its VNET rating from "null" to "Buy".

VNET Group Financial Forecast


VNET Group Revenue Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18Jun 17Mar 17Sep 16
Revenue-------$1.81B$1.88B$1.81B$1.72B$1.65B$1.75B$1.56B$1.50B$1.39B$1.35B$1.25B$1.14B$1.09B$1.05B$980.97M$888.02M$871.86M$870.07M$828.32M$800.76M$878.68M$862.18M$968.01M
Avg Forecast$2.07B$2.08B$1.94B$1.91B$2.04B$1.94B$1.88B$1.79B$1.95B$1.83B$1.71B$1.76B$1.76B$1.55B$1.48B$1.39B$1.32B$1.23B$1.14B$1.09B$1.03B$975.26M$889.12M$868.39M$2.99B$296.36M$943.58M$5.66B$4.78B$52.18B
High Forecast$2.08B$2.09B$1.95B$1.92B$2.04B$1.95B$1.89B$1.80B$1.96B$1.84B$1.71B$1.76B$1.76B$1.55B$1.48B$1.39B$1.32B$1.23B$1.14B$1.09B$1.03B$975.26M$889.12M$868.39M$3.59B$355.63M$1.13B$6.80B$5.74B$62.62B
Low Forecast$2.06B$2.06B$1.92B$1.90B$2.04B$1.93B$1.87B$1.78B$1.93B$1.82B$1.71B$1.76B$1.76B$1.55B$1.48B$1.39B$1.32B$1.23B$1.14B$1.09B$1.03B$975.26M$889.12M$868.39M$2.39B$237.09M$754.86M$4.53B$3.83B$41.75B
# Analysts121-1----------33333234571420181012
Surprise %-------1.01%0.97%0.99%1.01%0.94%0.99%1.01%1.01%1.00%1.02%1.01%1.00%1.00%1.01%1.01%1.00%1.00%0.29%2.79%0.85%0.16%0.18%0.02%

VNET Group's average Quarter revenue forecast for Jun 23 based on 0 analysts is $1.88B, with a low forecast of $1.87B, and a high forecast of $1.89B. VNET's average Quarter revenue forecast represents a 3.95% increase compared to the company's last Quarter revenue of $1.81B (Mar 23).

VNET Group EBITDA Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18Jun 17Mar 17Sep 16
# Analysts121-1----------33333234571420181012
EBITDA-------$571.44M$376.84M$439.03M$430.63M$515.53M$416.42M$590.21M$870.18M$337.22M$-594.01M$285.62M$-1.31B$188.59M$246.91M$233.25M$191.79M$269.36M$189.75M$154.74M$253.75M$123.20M$124.31M$93.75M
Avg Forecast$94.30M$94.61M$88.27M$87.11M$93.00M$88.33M$85.55M$81.72M$88.70M$83.40M$78.03M$37.87M$52.54M$33.27M$31.90M$29.92M$28.51M$26.59M$-658.98B$23.47M$22.28M$21.00M$19.15M$18.70M$64.40M$6.38M$20.32M$791.61M$649.30M$1.06B
High Forecast$94.89M$95.40M$88.83M$87.66M$93.02M$88.89M$86.09M$82.24M$89.26M$83.93M$78.03M$37.87M$63.05M$33.27M$31.90M$29.92M$28.51M$26.59M$-527.18B$23.47M$22.28M$21.00M$19.15M$18.70M$77.28M$7.66M$24.38M$949.93M$779.16M$1.27B
Low Forecast$93.70M$93.82M$87.71M$86.55M$92.99M$87.77M$85.01M$81.21M$88.14M$82.87M$78.03M$37.87M$42.03M$33.27M$31.90M$29.92M$28.51M$26.59M$-790.77B$23.47M$22.28M$21.00M$19.15M$18.70M$51.52M$5.11M$16.25M$633.29M$519.44M$844.65M
Surprise %-------6.99%4.25%5.26%5.52%13.61%7.93%17.74%27.28%11.27%-20.83%10.74%0.00%8.04%11.08%11.11%10.02%14.40%2.95%24.25%12.49%0.16%0.19%0.09%

0 analysts predict VNET's average Quarter EBITDA for Jun 23 to be $85.55M, with a high of $86.09M and a low of $85.01M. This is -85.03% lower than VNET Group's previous annual EBITDA (Mar 23) of $571.44M.

VNET Group Net Income Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18Jun 17Mar 17Sep 16
# Analysts121-1----------33333234571420181012
Net Income-------$82.29M$-56.61M$-423.57M$-374.60M$90.71M$-22.81M$156.18M$455.85M$-84.66M$-1.02B$97.14M$-1.65B$-138.76M$-16.42M$-69.46M$-102.06M$5.64M$-29.63M$-94.21M$32.84M$-96.81M$-99.79M$-133.97M
Avg Forecast$36.81M$32.11M$-61.40M$-611.01M$-155.18M$-112.66M$-109.87M$-528.13M$-677.56M$2.47B$-74.27M$-443.67M$14.08M$2.39B$8.49B$-416.76M$218.33M$2.69B$-829.16B$-33.64B$60.10M$-441.28M$-2.31B$50.56M$-733.43M$-9.26B$1.36B$-622.07M$-521.23M$-1.51B
High Forecast$37.12M$51.37M$-60.90M$-488.81M$155.18M$-111.74M$-108.97M$-422.50M$-671.98M$2.96B$-74.27M$-354.93M$16.90M$2.86B$10.19B$-333.41M$218.33M$3.23B$-663.32B$-26.91B$60.10M$-353.03M$-1.85B$60.67M$-586.75M$-7.41B$1.63B$-497.66M$-416.99M$-1.21B
Low Forecast$36.51M$12.84M$-61.91M$-733.22M$-310.35M$-113.59M$-110.77M$-633.75M$-683.13M$1.98B$-74.27M$-532.40M$11.26M$1.91B$6.79B$-500.11M$218.33M$2.15B$-994.99B$-40.37B$60.10M$-529.54M$-2.78B$40.45M$-880.12M$-11.11B$1.09B$-746.49M$-625.48M$-1.81B
Surprise %--------0.16%0.08%-0.17%5.04%-0.20%-1.62%0.07%0.05%0.20%-4.65%0.04%0.00%0.00%-0.27%0.16%0.04%0.11%0.04%0.01%0.02%0.16%0.19%0.09%

VNET Group's average Quarter net income forecast for Jun 23 is $-109.87M, with a range of $-110.77M to $-108.97M. VNET's average Quarter net income forecast represents a -233.51% decrease compared to the company's last Quarter net income of $82.29M (Mar 23).

VNET Group SG&A Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18Jun 17Mar 17Sep 16
# Analysts121-1----------33333234571420181012
SG&A-------$193.22M$232.59M$245.68M$247.41M$229.18M$476.41M$198.29M$213.83M$209.22M$251.76M$173.31M$171.15M$173.91M$173.17M$134.56M$148.97M$164.89M$150.16M$150.91M$153.57M$209.99M$201.63M$289.99M
Avg Forecast$308.30M$309.34M$288.60M$1.51B$304.08M$288.80M$279.70M$1.31B$290.02M$272.67M$255.13M$1.10B$237.49M$254.21M$243.74M$1.03B$217.87M$203.17M$188.00M$179.34M$170.26M$854.89M$146.29M$142.88M$492.12M$48.76M$155.25M$1.35B$1.05B$3.27B
High Forecast$310.25M$311.92M$290.43M$1.81B$304.13M$290.62M$281.47M$1.57B$291.85M$274.40M$255.13M$1.32B$284.99M$254.21M$243.74M$1.24B$217.87M$203.17M$188.00M$179.34M$170.26M$1.03B$146.29M$142.88M$590.54M$58.51M$186.30M$1.62B$1.26B$3.92B
Low Forecast$306.35M$306.74M$286.77M$1.21B$304.02M$286.97M$277.93M$1.04B$288.18M$270.95M$255.13M$877.16M$189.99M$254.21M$243.74M$823.97M$217.87M$203.17M$188.00M$179.34M$170.26M$683.91M$146.29M$142.88M$393.69M$39.01M$124.20M$1.08B$842.52M$2.61B
Surprise %-------0.15%0.80%0.90%0.97%0.21%2.01%0.78%0.88%0.20%1.16%0.85%0.91%0.97%1.02%0.16%1.02%1.15%0.31%3.09%0.99%0.16%0.19%0.09%

VNET Group's average Quarter SG&A projection for Jun 23 is $279.70M, based on 0 Wall Street analysts, with a range of $277.93M to $281.47M. The forecast indicates a 44.75% rise compared to VNET last annual SG&A of $193.22M (Mar 23).

VNET Group EPS Forecast

Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18Jun 17Mar 17Sep 16
# Analysts121-1----------33333234571420181012
EPS-------$0.54$-0.38$-2.86$-2.54$0.60$-0.16$1.08$3.12$-0.60$-7.68$0.73$-19.26$-1.08$-0.12$-0.60$-0.90$0.06$-0.24$-0.84$0.30$-1.08$-1.02$-0.90
Avg Forecast$0.14$0.12$-0.23$-0.01$-0.59$-0.43$-0.42$-0.25$-2.59$-0.39$-0.28$-0.11$-0.93$-0.27$-0.33$-0.46$1.47$-0.18$-0.35$-0.47$0.41$-0.18$-0.12$0.21$1.72$-3.91$-2.51$-4.75$-3.03$-10.94
High Forecast$0.14$0.20$-0.23$-0.01$0.59$-0.43$-0.42$-0.25$-2.57$-0.39$-0.28$-0.11$-0.93$-0.27$-0.33$-0.46$1.47$-0.18$-0.35$-0.47$0.41$-0.18$-0.12$0.21$2.06$-3.18$-2.01$-3.80$-2.41$-8.74
Low Forecast$0.14$0.05$-0.24$-0.01$-1.19$-0.43$-0.42$-0.25$-2.61$-0.40$-0.28$-0.11$-0.93$-0.27$-0.33$-0.46$1.47$-0.18$-0.35$-0.47$0.41$-0.18$-0.12$0.21$1.38$-4.70$-3.02$-5.71$-3.65$-13.14
Surprise %--------2.14%0.15%7.25%8.94%-5.46%0.17%-3.98%-9.57%1.32%-5.21%-4.02%54.39%2.30%-0.30%3.33%7.50%0.29%-0.14%0.22%-0.12%0.23%0.34%0.08%

According to 0 Wall Street analysts, VNET Group's projected average Quarter EPS for Jun 23 is $-0.42, with a low estimate of $-0.42 and a high estimate of $-0.42. This represents a -177.84% decrease compared to VNET previous annual EPS of $0.54 (Mar 23).

VNET Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TTECTTEC$4.45$35.67701.57%Buy
TWKSThoughtworks$4.38$13.63211.19%Hold
GDSGDS$17.22$51.91201.45%Buy
VNETVNET Group$2.79$6.73141.22%Buy
TASKTaskUs$12.16$28.00130.26%Hold
CLVTClarivate$6.67$14.33114.84%Buy
WNSWNS$56.89$87.1753.23%Buy
JKHYJack Henry & Associates$169.64$191.6012.95%Buy
ASGNASGN$89.74$100.2511.71%Hold
GGenpact$38.33$41.678.71%Hold
CDWCDW$212.21$229.758.27%Buy
PRFTPerficient$75.21$81.007.70%Hold
CACICACI$466.73$447.50-4.12%Buy
BRBroadridge Financial Solutions$207.59$176.00-15.22%Buy
EXLSExlService$35.49$23.10-34.91%Buy

VNET Forecast FAQ


Yes, according to 5 Wall Street analysts, VNET Group (VNET) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 80.00% of VNET's total ratings.

VNET Group (VNET) average price target is $6.73 with a range of $4 to $8.2, implying a 141.22% from its last price of $2.79. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for VNET stock, the company can go up by 141.22% (from the last price of $2.79 to the average price target of $6.73), up by 193.91% based on the highest stock price target, and up by 43.37% based on the lowest stock price target.

VNET's average twelve months analyst stock price target of $6.73 supports the claim that VNET Group can reach $4 in the near future.

2 Wall Street analysts forecast a $5.99 price target for VNET Group (VNET) this month, up 114.70% from its last price of $2.79. Compared to the last 3 and 12 months, the average price target increased by 114.70% and increased by 122.94%, respectively.

VNET Group's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $7.65B (high $7.68B, low $7.61B), average EBITDA is $348.61M (high $350.24M, low $346.97M), average net income is $-906M (high $-488M, low $-1.168B), average SG&A $2.18B (high $2.44B, low $1.91B), and average EPS is $-1.698 (high $-0.501, low $-2.301). VNET's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $7.99B (high $8.05B, low $7.94B), average EBITDA is $364.29M (high $366.78M, low $361.78M), average net income is $-603M (high $-461M, low $-746M), average SG&A $2.42B (high $2.72B, low $2.11B), and average EPS is $0.0221 (high $0.0989, low $-0.0548).

Based on VNET Group's last annual report (Dec 2022), the company's revenue was $7.07B, which missed the average analysts forecast of $7.25B by -2.51%. Apple's EBITDA was $1.76B, beating the average prediction of $288.01M by 511.80%. The company's net income was $-764M, missing the average estimation of $1.28B by -159.91%. Apple's SG&A was $954.86M, missing the average forecast of $1.91B by -50.12%. Lastly, the company's EPS was $-5.17, beating the average prediction of $-3.381 by 52.93%. In terms of the last quarterly report (Mar 2023), VNET Group's revenue was $1.81B, beating the average analysts' forecast of $1.79B by 0.70%. The company's EBITDA was $571.44M, beating the average prediction of $81.72M by 599.23%. VNET Group's net income was $82.29M, missing the average estimation of $-528M by -115.58%. The company's SG&A was $193.22M, missing the average forecast of $1.31B by -85.20%. Lastly, the company's EPS was $0.54, missing the average prediction of $-0.253 by -313.68%