Analyst Price Target Update on NetEase (NASDAQ:NTES)

NetEase (NASDAQ:NTES) stock has received a short term price target of $ 188.5 from 2 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $19.09. The higher estimate of target price is $202 , while the lower price target estimate is $175

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Nomura upgrades its outlook on NetEase (NASDAQ:NTES). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

NetEase (NASDAQ:NTES) : On Monday heightened volatility was witnessed in NetEase (NASDAQ:NTES) which led to swings in the share price. The stock opened for trading at $161 and hit $166.15 on the upside , eventually ending the session at $163.21, with a gain of 0.76% or 1.23 points. The heightened volatility saw the trading volume jump to 1,190,440 shares. The 52-week high of the share price is $186.45 and the company has a market cap of $21,458 million. The 52-week low of the share price is at $102.8 .

NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.

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