Citi Remains Bullish on VNET Group (VNET)

VNET Group, Inc. (NASDAQ:VNET) is one of the best strong buy stocks to buy under $10. On June 30, Citi analyst Louis Tsang reiterated their bullish stance on VNET Group, Inc. (NASDAQ:VNET), giving it a Buy rating with a $20 price target.

VNET (VNET) Surges 14% on Rating Upgrade, Improving US-China Relations

A close up image of a application hosting server with the company’s branding on it.

The analyst based the rating on VNET Group, Inc.’s (NASDAQ:VNET) promising growth prospects, stating that the company raised its revenue and EBITDA guidance for fiscal year 2025, suggesting solid financial performance and aligning with the analyst’s above-consensus projections.

Tsang also stated that VNET Group, Inc.’s (NASDAQ:VNET) $50 million share repurchase program is anticipated to bolster the stock price, while updates on initiatives like the B30 project, H-share IPO, and C-REIT potentially leading to further re-rating.

VNET Group, Inc. (NASDAQ:VNET) is a carrier and cloud-neutral internet data center services provider in China. The company provides hosting and related services, including cloud services, IDC services, and business VPN services to support the security, reliability, and speed of the internet infrastructure of its customers.

While we acknowledge the potential of VNET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VNET and that has 100x upside potential, check out our report about this cheapest AI stock.

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