Macquarie starts coverage of VNET stock with Outperform rating

Published on 10/27/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie initiated coverage on October 26, 2026 with Outperform. VNET stock costs EUR 3.53 on October 27, 2026 and Q2 revenue reached USD 409 million.

Analyst coverage and operating figures

Macquarie initiated coverage with an Outperform rating and a USD 5.40 target on October 26, 2026.
VNET reported USD 409.00 million in second-quarter revenue on August 18, 2026.
VNET stock traded at EUR 3.53 at 1:12 p.m. CEST at Lang & Schwarz on October 27, 2026.

VNET, US90138A1034, Illustration mit AI erstellt.

VNET Group, Inc. (ISIN US90138A1034) drew a new analyst view on October 26, 2026, when Macquarie initiated coverage with an Outperform rating and a USD 5.40 price target, Nasdaq reported. VNET stock was trading at EUR 3.53 at Lang & Schwarz on October 27, 2026 at 1:12 p.m. CEST.

Coverage adds a fresh valuation marker

Macquarie's initiation adds a concrete reference to a stock that has recently drawn sharply different analyst opinions. MarketBeat reported that Deutsche Bank began coverage with a USD 12.50 target on July 7, 2026, while Morgan Stanley reiterated an Overweight rating with a USD 14.00 target on August 19, 2026. The figures were reported by MarketBeat.

What do the operating figures show?

VNET reported USD 409.00 million in revenue for the second quarter of 2026, above the USD 401.77 million consensus cited by MarketBeat. Its quarterly loss was USD 0.06 per share against a consensus loss of USD 0.02, a shortfall of USD 0.04 per share, according to the same report. The revenue comparison points to continued top-line expansion, while the earnings figure keeps profitability central to the valuation debate.

Three dated analyst milestones

On July 7, 2026, Deutsche Bank initiated coverage with a USD 12.50 target. On August 19, 2026, Morgan Stanley reiterated an Overweight rating and set a USD 14.00 target. On October 26, 2026, Macquarie initiated coverage with an Outperform rating and a USD 5.40 target, according to Nasdaq and MarketBeat.

Next reporting date

VNET's next earnings announcement is scheduled for November 18, 2026, according to the Nasdaq report on the Macquarie initiation. The date gives investors the next formal checkpoint for revenue growth and loss reduction.

Price stays the immediate reference

VNET Group's investor-relations page lists its second-quarter 2026 results on August 18, 2026 and the closing of a previously announced strategic investment on September 21, 2026. The company describes its business as carrier- and cloud-neutral internet data center services in China, spanning hosting, cloud and business VPN services.

VNET stock was trading at EUR 3.53 at Lang & Schwarz on October 27, 2026 at 1:12 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of VNET stock.