Shares of 21vianet Group Inc. (NASDAQ: VNET), a leading carrier-neutral internet data center services provider in China, surged 5.04% on Tuesday after HSBC upgraded the stock to a "Buy" rating and raised its price target to $5.20.
HSBC analysts cited that VNET is benefiting from supply consolidation in the managed hosting services market in mainland China. With two of its largest rivals, Chindata Group and GDS, shifting their focus away from this segment, VNET now mainly competes with regional companies like Centrin Data and ZDATA.
The analysts also highlighted the high entry barriers for AI-driven data centers, which require significant IT capacity and quick delivery timelines of six to 12 months. This favors established players like VNET, as HSBC estimates that RMB 500 to RMB 600 million (USD 70 to 84 million) of equity capital is needed for a 100MW-plus capacity data center, with 70% to 80% debt financing.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。