NetEase, Inc Price Target Raised to $100.00 at Macquarie (NTES)
Equities researchers at Macquarie increased their target price on shares of NetEase, Inc (NASDAQ:NTES) from $84.00 to $100.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 18.96% from the company’s current price.
Shares of NetEase, Inc (NASDAQ:NTES) traded up 1.44% during mid-day trading on Thursday, hitting $85.27. 317,076 shares of the company’s stock traded hands. NetEase, Inc has a 52-week low of $62.01 and a 52-week high of $86.75. The stock’s 50-day moving average is $81.12 and its 200-day moving average is $73.10. The company has a market cap of $11.103 billion and a price-to-earnings ratio of 15.12.
NTES has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of NetEase, Inc in a research note on Tuesday. They set a “hold” rating on the stock. Separately, analysts at China International Capital Corp downgraded shares of NetEase, Inc from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $88.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. NetEase, Inc has a consensus rating of “Hold” and an average price target of $78.60.
NetEase, Inc is a holding company. The Company is an Internet technology company. The Company operates in three segments: Online Game Services, Advertising Services and E-mail, Wireless Value-added Services and Others.
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