Analyst Rating Update on NetEase (NTES)

NetEase (NASDAQ:NTES) : 5 analysts are covering NetEase (NASDAQ:NTES) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

NetEase (NASDAQ:NTES) : The highest short term price target forecast on NetEase (NASDAQ:NTES) is $202 and the lowest target price is $175. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $188.5 with a standard deviation of $19.09.

For the current week, the company shares have a recommendation consensus of Buy.

NetEase (NASDAQ:NTES): stock turned positive on Tuesday. Though the stock opened at $168.72, the bulls momentum made the stock top out at $173.24 level for the day. The stock recorded a low of $168.72 and closed the trading day at $173, in the green by 3.80%. The total traded volume for the day was 709,167. The stock had closed at $166.66 in the previous days trading.

NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.

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