NetEase, Inc. (NASDAQ:NTES) Under Analyst Spotlight

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of NetEase, Inc. (NASDAQ:NTES).

Based on the latest brokerage notes which have been released to investors, 11 brokers have issued a rating of “strong buy”, 8 brokers “buy”, 7 brokers “neutral”, 2 brokers “sell” and 0 brokers “strong sell”.

Most recently issued broker recommendations:

10/04/2017 – Barclays began new coverage on NetEase, Inc. giving the company a “equal-weight” rating. They now have a USD 260 price target on the stock.

10/03/2017 – Credit Suisse began new coverage on NetEase, Inc. giving the company a “outperform” rating. They now have a USD 315 price target on the stock.

10/03/2017 – NetEase, Inc. was downgraded to “hold” by analysts at Jefferies. They now have a USD 290 price target on the stock.

08/10/2017 – NetEase, Inc. was downgraded to “underperform” by analysts at CLSA.

07/25/2017 – NetEase, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 343 price target on the stock.

06/07/2017 – NetEase, Inc. was downgraded to “reduce” by analysts at Standpoint Research. They now have a USD 360 price target on the stock.

05/11/2017 – NetEase, Inc. was downgraded to “neutral” by analysts at Instinet. They now have a USD 297 price target on the stock.

04/18/2017 – Benchmark began new coverage on NetEase, Inc. giving the company a “buy” rating. They now have a USD 325 price target on the stock.

01/18/2017 – NetEase, Inc. had its “buy” rating reiterated by analysts at Goldman Sachs. They now have a USD 305 price target on the stock.

01/11/2017 – Sanford C. Bernstein began new coverage on NetEase, Inc. giving the company a “underperform” rating. They now have a USD 200 price target on the stock.

11/10/2016 – NetEase, Inc. had its “buy” rating reiterated by analysts at Brean Capital. They now have a USD 310 price target on the stock.

10/13/2016 – NetEase, Inc. had its “buy” rating reiterated by analysts at T.H. Capital. They now have a USD 297 price target on the stock.

10/10/2016 – NetEase, Inc. was upgraded to “buy” by analysts at CICC Research. They now have a USD 345 price target on the stock.

09/21/2016 – NetEase, Inc. was upgraded to “outperform” by analysts at Daiwa Capital Markets. They now have a USD 290 price target on the stock.

05/12/2016 – NetEase, Inc. was upgraded to “buy” by analysts at Nomura. They now have a USD 194 price target on the stock.

NetEase, Inc. has a 50 day moving average of 272.62 and a 200 day moving average of 285.75. The stock’s market capitalization is 36.45B, it has a 52-week low of 211.11 and a 52-week high of 337.55.

The share price of the company (NASDAQ:NTES) was down -0.42%, with a high of 279.78 during the day and the volume of NetEase, Inc. shares traded was 369397.

NetEase, Inc. (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.

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