US Stock Movement | VNET Group (VNET.US) Rises Over 5% After Being Added to Goldman Sachs' "Strong Buy" List for Asia-Pacific
Stock News
Oct 20
On Monday, VNET Group (VNET.US) saw its shares increase by over 5%, reaching $9.25. Recently, Goldman Sachs released a report that included five companies in its "Strong Buy" list for the Asia-Pacific region, making VNET Group the only data center operator (IDC) on the list. Analysts at Goldman Sachs noted that VNET Group is transitioning from traditional retail IDC operations to a rapidly growing wholesale IDC model, benefiting from the increasing investments in AI. Over the coming years, VNET Group is expected to enter a phase of accelerated revenue and EBITDA growth, presenting a promising investment opportunity for investors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.