Morgan Stanley Names VNET Group Top Pick with Overweight Rating and $16 Target

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โดย Insider Monkey·Read original
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Morgan Stanley analyst Tom Tang named VNET Group a top pick while maintaining an Overweight rating and a $16 price target on May 27. Tang noted that shareholder issues have been mostly resolved since a CATL affiliate was introduced, and that 500 megawatt MOUs have improved forward visibility, giving VNET a first-mover advantage based on premium resources. On June 9, Bloomberg reported that VNET's US depositary receipts rose about 9% amid news that China is preparing to invest $295 billion in data center development nationwide, with Chinese vendors expected to supply roughly 80% of the technology.

Impact on stocks 3

Cloud & Digital Infrastructure▲ · 1 stocks
GDS Holdings Ltd
9698
▲ PositiveDemandrelevance

China's $295B data center investment boosts demand for data center operators like GDS.

Information Technology▲ · 1 stocks
Others▲ · 1 stocks

Theme Impact 2

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