NetEase, Inc. found using ticker (NTES) now have 28 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 341.24 and 232.48 and has a mean target at 282.77. Now with the previous closing price of 226.57 this would imply there is a potential upside of 24.8%. The 50 day moving average now sits at 235.42 and the 200 moving average now moves to 225.85. The market cap for the company is $30,593m. Company Website: http://ir.netease.com
NetEase, Inc. operates an interactive online community in the People’s Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market. The company also operates Kaola that sells imported maternity and baby products, skincare and cosmetics, and other general merchandise; and Yanxuan, which sells its private label products, including apparel, homeware, kitchenware, and other general merchandise, as well as NetEase News App and NetEase Websites, which provide Internet users with Chinese language-based online services that are centered around content and interactive community. In addition, it provides online advertising services comprising banner advertising, channel sponsorships, direct email, interactive media-rich sites, sponsored special events, games, contests, and other activities; and email services to individual and corporate users. Further, NetEase, Inc. offers online services, such as CC, a live video streaming platform; Cloud Music, a music streaming platform; Wangyibao, a payment platform; EaseRead, an e-reading platform; NetEase Cloud Classroom, an online education platform; and Youdao Dictionary, an e-dictionary services platform. It has a collaboration agreement with Blizzard Entertainment, Inc. to co-develop a game in the storied Diablo franchise. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is based in Beijing, the People’s Republic of China.