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GF Securities Keeps Their Buy Rating on Netease Inc (9999)

Tipranks - Tipranks - Sun Feb 15, 11:14PM CST

GF Securities analyst maintained a Buy rating on Netease Inc on February 13 and set a price target of HK$222.68. The company’s shares closed last Friday at HK$185.70.

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Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of HK$296.49, a 59.66% 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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