China's VNET Q2 revenue rises on wholesale growth; signs compute-energy deal with CATL
VNET•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
- The average consensus recommendation for the IT services & consulting peer group is "buy".
- Wall Street's median 12-month price target for VNET Group, Inc. is $15.10, about 90.7% above its August 17 closing price of $7.92.
Outlook unchanged
- VNET kept its outlook unchanged.
- The company expects 2026 net revenues of RMB11.5 billion to RMB11.8 billion.
- VNET sees 2026 adjusted EBITDA of RMB3,550 million to RMB3,750 million.
- VNET expects 2026 capital expenditure of RMB10 billion to RMB12 billion.
