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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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