Stock Track | VNET Group Soars 5.41% on Positive Analyst Ratings and Price Targets

Stock Track11-22

VNET Group (VNET) shares surged 5.41% in Friday's intraday trading, outperforming the broader market. The significant uptick comes as investors react positively to recent analyst reports maintaining bullish stances on the company.

Two major financial institutions have reaffirmed their confidence in VNET Group's potential. DBS analyst reiterated a Buy rating on VNET with a price target of $12.50, signaling strong upside potential from current levels. Similarly, Nomura maintained its Buy rating while slightly adjusting its price target to $13 from $13.20. These optimistic views from respected analysts appear to be fueling investor enthusiasm, driving the stock's impressive gain during the trading session.

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