NetEase (NASDAQ:NTES) has been given a $301.00 target price by analysts at Deutsche Bank in a report released on Friday. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price target points to a potential upside of 21.76% from the stock’s previous close.
Other analysts have also issued research reports about the company. Benchmark decreased their price objective on NetEase from $355.00 to $340.00 and set a “buy” rating for the company in a report on Thursday. Daiwa Capital Markets upgraded NetEase from a “neutral” rating to a “buy” rating in a report on Thursday. ValuEngine lowered NetEase from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub lowered NetEase from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Finally, Jefferies Group decreased their price objective on NetEase from $335.00 to $310.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $329.40.
Shares of NTES traded up $1.04 during midday trading on Friday, hitting $247.20. 27,713 shares of the company’s stock traded hands, compared to its average volume of 1,205,109. NetEase has a 1 year low of $264.17 and a 1 year high of $269.29. The firm has a market cap of $34.93 billion, a PE ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.89.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.
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