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DBS Sticks to Its Buy Rating for Chindata Group Holdings (CD)

DBS analyst Tsz Wang maintained a Buy rating on Chindata Group Holdings (CDResearch Report) on January 19 and set a price target of $13.40. The company’s shares closed last Friday at $8.19.

According to TipRanks, Wang is a 4-star analyst with an average return of 25.8% and an 85.71% success rate. Wang covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, GDS Holdings, and Chindata Group Holdings.

Currently, the analyst consensus on Chindata Group Holdings is a Strong Buy with an average price target of $11.40.

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The company has a one-year high of $9.08 and a one-year low of $3.75. Currently, Chindata Group Holdings has an average volume of 1.85M.

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Chindata Group Holdings Ltd is a carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, focusing on China, India and Southeast Asia markets. The company’s solutions include Colocation and managed service; Energy procurement and transmission; Infrastructure service; and IT and network service.

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