21Vianet Group (VNET) Receives Price Target

21Vianet Group (VNET) : The consensus price target for 21Vianet Group (VNET) is $6.8 for the short term with a standard deviation of $1.7. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $6.

21Vianet Group (VNET) : 3 analysts are covering 21Vianet Group (VNET) and their average rating on the stock is 3.9, which is read as a Sell. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity analysts at the Brokerage firm JP Morgan downgrades its rating on 21Vianet Group (NASDAQ:VNET). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 17, 2016.

21Vianet Group (NASDAQ:VNET): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.30 and $9.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.31, notching a gain of 0.43% for the day. The total traded volume was 929,990 . The stock had closed at $9.27 on the previous day.

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services to improve the security, speed and quality of data transmission in China. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container-based data center service.

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