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Netease Inc (9999) Receives a Buy from J.P. Morgan

Tipranks - Tipranks - Sat Feb 14, 6:42PM CST

J.P. Morgan analyst maintained a Buy rating on Netease Inc on February 12 and set a price target of HK$280.00. The company’s shares closed yesterday at HK$187.00.

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Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of HK$300.73, a 60.82% upside from current levels. In a report released on February 11, Jefferies also maintained a Buy rating on the stock with a $158.00 price target.

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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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