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Jefferies Sticks to Its Buy Rating for Netease Inc (9999)

Tipranks - Tipranks - Fri Feb 13, 6:10AM CST

In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on Netease Inc, with a price target of $158.00.

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Chong covers the Communication Services sector, focusing on stocks such as Baidu, Sohu, and Tencent Holdings . According to TipRanks, Chong has an average return of 13.8% and a 55.17% success rate on recommended stocks.

Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of $38.69.

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Based on Netease Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$28.36 billion and a net profit of HK$8.62 billion. In comparison, last year the company earned a revenue of HK$26.21 billion and had a net profit of HK$6.54 billion

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