NetEase, Inc Price Target Increased to $95.00 by Analysts at Oppenheimer (NTES)
Equities research analysts at Oppenheimer lifted their target price on shares of NetEase, Inc (NASDAQ:NTES) from $80.00 to $95.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 13.01% from the company’s current price.
NTES has been the subject of a number of other recent research reports. Analysts at Macquarie raised their price target on shares of NetEase, Inc from $84.00 to $100.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. NetEase, Inc has a consensus rating of “Hold” and a consensus target price of $80.80.
NetEase, Inc (NASDAQ:NTES) opened at 85.41 on Friday. NetEase, Inc has a 52 week low of $62.82 and a 52 week high of $86.75. The stock has a 50-day moving average of $81.36 and a 200-day moving average of $73.19. The company has a market cap of $11.121 billion and a P/E ratio of 15.11.
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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