Jefferies analyst Edison Lee downgraded Chindata Group Holdings (CD – Research Report) to a Hold yesterday and set a price target of $8.60. The company’s shares closed last Friday at $8.11.
Lee covers the Technology sector, focusing on stocks such as Chindata Group Holdings, GDS Holdings, and VNET Group, Inc. Sponsored ADR. According to TipRanks, Lee has an average return of -2.6% and a 43.48% success rate on recommended stocks.
Currently, the analyst consensus on Chindata Group Holdings is a Moderate Buy with an average price target of $10.40.
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The company has a one-year high of $9.21 and a one-year low of $4.86. Currently, Chindata Group Holdings has an average volume of 1.95M.
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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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