Home » USA Broker Ratings » NetEase, Inc. – Consenus Indicates Potential -3.0% Downside

NetEase, Inc. – Consenus Indicates Potential -3.0% Downside

NetEase, Inc. with ticker code (NTES) have now 31 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 385.38 and 223.44 calculating the average target price we see 330.67. Given that the stocks previous close was at 340.81 this now indicates there is a potential downside of -3.0%. The day 50 moving average is 320.21 and the 200 moving average now moves to 280.61. The company has a market capitalisation of $43,526m. Visit the company website at: http://ir.netease.com

NetEase, Inc. operates an interactive online community in the People’s Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. 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. In addition, it operates NetEase News App and NetEase Websites, which provide Internet users with Chinese language-based online services that are centered around content and interactive community. Further, the company provides online advertising services comprising banner advertising, channel sponsorships, direct email, interactive media-rich sites, sponsored special events, games, contests, and other activities. Additionally, it offers online services, such as NetEase CC, a live video streaming platform; NetEase Cloud Music, a music-streaming platform; NetEase Youdao Education, an online platform offering educational content and solutions; EaseRead, an online reading platform; and NetEase Pay, a payment platform, as well as email services to individuals and corporates. The company has a strategic partnership with Marvel Entertainment, LLC to create original entertainment content based on Marvel stories internationally. 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 headquartered in Beijing, the People’s Republic of China.

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