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A Look At VNET Group (VNET) Valuation After Jefferies Reiterates Buy On AI Data Center Prospects
Jefferies reiterated a “Buy” rating on VNET Group (VNET), highlighting its potential in the AI data center market in China due to new power capacity and hyperscaler contracts. The stock has shown strong recent momentum with significant share price returns over 7 and 90 days. Despite trading near analysts’ average targets, the company is considered 6.9% undervalued according to its most popular narrative, with a fair value of $15.07 per share.