VNET Group Inc (NASDAQ: VNET) stock suffered a major decline of -16.5% on 10/15/24. The shares closed at $3.34. Moreover, exceptionally high trading volume at 236% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -18.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, VNET is expected to continue to be Value Creation neutral.
VNET Group has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. VNET Group has a good Appreciation Score of 83 and a very high Power Rating of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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