NetEase (NTES) : Zacks Investment Research ranks NetEase (NTES) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.17, which indicates as a Buy.
NetEase (NTES) : The highest short term price target forecast on NetEase (NTES) is $256 and the lowest target price is $192. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $219.5 with a standard deviation of $31.25.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, assumes their rating on the shares of NetEase (NASDAQ:NTES). Credit Suisse has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $230 per share. The rating by the firm was issued on August 19, 2016.
NetEase (NASDAQ:NTES): After opening at $235.76, the stock dipped to an intraday low of $232.57 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $239.2 and the buying power remained strong till the end. The stock closed at $237.75 for the day, a gain of 1.27% for the day session. The total traded volume was 898,316. The stocks close on the previous trading day was $234.76.
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.