Jefferies Maintains "Buy" Rating on VNET Group, Inc. (NASDAQ:VNET)

Font: Financial Modeling Prep  • Mar 16, 2026

• Jefferies has reaffirmed its "Buy" rating on NASDAQ:VNET, raising the price target to $23.55 from its current trading price of approximately $9.48.
• VNET Group reported break-even earnings per share for Q4, missing the Zacks Consensus Estimate by $0.04, yet showcasing revenue growth with $383.9 million in revenue, surpassing estimates.
• The company's strong performance is attributed to its wholesale IDC business, securing 135 megawatts of new orders and delivering a record 404 megawatts in 2025.

On March 16, 2026, Jefferies maintained its "Buy" rating for NASDAQ:VNET, with the stock trading at approximately $9.48. Jefferies raised the price target to $23.55, reflecting confidence in VNET Group's growth prospects. VNET Group is a leading provider of carrier-neutral internet data center services in China, focusing on scalable, high-performance data centers.

VNET Group reported break-even earnings per share for the fourth quarter, missing the Zacks Consensus Estimate of $0.04. VNET's revenue for the quarter ending December 2025 was $383.9 million, surpassing the Zacks Consensus Estimate.

The company has consistently failed to exceed consensus EPS estimates over the past four quarters. However, VNET has exceeded consensus revenue estimates in three of the last four quarters. This indicates strong revenue growth, with a significant increase from $307.75 million a year ago. VNET's ability to surpass revenue expectations highlights its robust business model.

VNET's strong performance is driven by its wholesale IDC business, fueled by robust customer demand and efficient capacity scaling. In the fourth quarter of 2025, VNET secured 135 megawatts of new wholesale orders. The company delivered a record 404 megawatts in 2025, surpassing its guidance on revenues and adjusted EBITDA.

Currently, VNET's stock is priced at approximately $9.49, experiencing a decline of about 9.71% today. The stock has fluctuated between $9.43 and $10.51 during the trading day. Over the past year, VNET reached a high of $14.48 and a low of $4.65. The company's market capitalization is approximately $2.55 billion, with a trading volume of around 8.44 million shares.