Entry level $313.37 = Target price $ 338.17
This stock has been a huge winner for us in 2019 and hopefully you caught the move with us.
We believe that the stock continues higher having been stuck below $290 for months, the earnings beat has ignited this rally.
Upgrade details
NetEase (NASDAQ:NTES) is up 0.7% after Jefferies bumped its price target to $350, from $317.
That new target implies 19% upside, though it's short of a Street high of $380.
The firm holds a Buy rating on the stock.
Elsewhere, the ADRs were reinstated at Add by China Securities, with a price target of $321.
Overall the sell side is Bullish on NetEase, as are Seeking Alpha authors. The stock has a Quant Rating of Neutral.
Company profile
NetEase, Inc. engages in the provision of online internet technology services. It operates through the following business segments: Online Games, E-commerce, Advertisign Services, and E-Mail and Others. The Online Games segment offers multi-player online role-playing games and mobile games. The E-commerce segment provides online selling and payment platform, e-reading applications, matchmaking services, online music, social network, personalized photo-based products, and online game-related accessories. The Advertising segment involves banner advertising, channel sponsorships, direct e-mail, interactive media-rich sites, sponsored special events, games and contests. The E-Mail Services segment comprise free and fee-based premium e-mail services. The company was founded by Lei Ding in June 1997 and is headquartered in Beijing, China.
This stock has been a huge winner for us in 2019 and hopefully you caught the move with us.
We believe that the stock continues higher having been stuck below $290 for months, the earnings beat has ignited this rally.
Upgrade details
NetEase (NASDAQ:NTES) is up 0.7% after Jefferies bumped its price target to $350, from $317.
That new target implies 19% upside, though it's short of a Street high of $380.
The firm holds a Buy rating on the stock.
Elsewhere, the ADRs were reinstated at Add by China Securities, with a price target of $321.
Overall the sell side is Bullish on NetEase, as are Seeking Alpha authors. The stock has a Quant Rating of Neutral.
Company profile
NetEase, Inc. engages in the provision of online internet technology services. It operates through the following business segments: Online Games, E-commerce, Advertisign Services, and E-Mail and Others. The Online Games segment offers multi-player online role-playing games and mobile games. The E-commerce segment provides online selling and payment platform, e-reading applications, matchmaking services, online music, social network, personalized photo-based products, and online game-related accessories. The Advertising segment involves banner advertising, channel sponsorships, direct e-mail, interactive media-rich sites, sponsored special events, games and contests. The E-Mail Services segment comprise free and fee-based premium e-mail services. The company was founded by Lei Ding in June 1997 and is headquartered in Beijing, China.