NetEase (NTES) Receives Price Target

NetEase (NTES) : 4 investment research analysts covering NetEase (NTES) have an average price target of $219.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $256 and the lowest target is $192 for the short term. Analysts expect the variance to be within $31.25 of the average price.

NetEase (NTES) : The consensus on NetEase (NTES) based on 7 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on NetEase (NTES).


Also, Brokerage firm Credit Suisse assumes its rating on NetEase (NASDAQ:NTES). In a research note issued to the investors, the brokerage major announces price-target of $230 per share.The shares have been rated Neutral. The rating by the firm was issued on August 19, 2016.

NetEase (NASDAQ:NTES): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $211.90 and $210.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $217.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $215.91, notching a gain of 1.86% for the day. The total traded volume was 1,128,887 . The stock had closed at $211.97 on the previous day.

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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