In a report released yesterday, Edison Lee from Jefferies maintained a Buy rating on Chindata Group Holdings (CD – Research Report), with a price target of $10.73. The company’s shares closed yesterday at $8.13.
According to TipRanks, Lee is an analyst with an average return of -6.4% and a 45.00% success rate. Lee covers the Technology sector, focusing on stocks such as Chindata Group Holdings, GDS Holdings, and VNET Group, Inc. Sponsored ADR.
Currently, the analyst consensus on Chindata Group Holdings is a Moderate Buy with an average price target of $9.37.
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CD market cap is currently $2.65B and has a P/E ratio of 22.24.
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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.
Read More on CD:
- Chindata (NASDAQ: CD) Soars after $3.4 Billion Takeover Offer
- Chindata hires Citigroup Global Markets Asia as independent financial advisor
- Chindata Group Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee
- Chindata Group Announces Formation of Special Committee
- Chindata Group Reports Fiscal Year 2023 First Quarter Unaudited Financial Results
