Home » USA Broker Ratings » NetEase, Inc. – Consenus Indicates Potential 7.5% Upside

NetEase, Inc. – Consenus Indicates Potential 7.5% Upside

NetEase, Inc. with ticker code (NTES) now have 28 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 356.08 and 234.73 with the average target price sitting at 307.28. Now with the previous closing price of 285.86 this indicates there is a potential upside of 7.5%. The 50 day moving average now sits at 272.88 and the 200 moving average now moves to 261.6. The market capitalisation for the company is $37,050m. Company Website: 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.