DBS Reaffirms Buy Rating on VNET (VNET), Sets $12.50 Price Target

VNET -0.34%

VNET Group Inc. (NASDAQ:VNET) is one of the Chinese tech stocks to buy now. On November 21, DBS analyst Andy Yu, CFA, kept the Buy rating on VNET Group Inc. (NASDAQ:VNET) shares unchanged. The firm also set a price target of $12.5 per share.

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Independently of the analyst action, VNET announced its unaudited Q3 2025 financial results on November 20, after market close. In the report, total net revenues reached RMB 2.58 billion, 21.7% higher than the same quarter a year earlier, and about 8% above analyst expectations. Management explained that the growth stemmed mainly from the wholesale internet data center (IDC) segment, as the company ramped up capacity to meet needs from large cloud providers and AI infrastructure projects.

According to the earnings report, the company posted a net loss attributable to ordinary shareholders of RMB 307.0 million, or RMB 0.19 per basic and diluted share. Management stated that although the loss is wider than the prior year’s figure, it is in line with expectations for adjusted figures around $0.02 per share. The company raised its full-year 2025 revenue forecast to between RMB 9.55 billion and RMB 9.87 billion, due to sustained wholesale momentum and AI-related deals, noted management.

VNET Group Inc. (NASDAQ:VNET) is a leading Chinese carrier-neutral data center and cloud services provider. The company operates more than 50 data centers across 30+ cities in China, offering colocation, managed hosting, and cloud computing infrastructure.

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Disclosure: None. This article is originally published at Insider Monkey.