UBS Sticks to Their Buy Rating for Netease Inc (9999)
In a report released on December 1, from UBS maintained a Buy rating on Netease Inc, with a price target of HK$288.60. The company’s shares closed yesterday at HK$222.40.
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Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of HK$258.02, implying a 16.02% upside from current levels. In a report released on November 27, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$247.00 price target.
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
Read More on HK:9999:
Disclaimer & DisclosureReport an Issue
- Promising Growth and Strategic Investments Bolster NetEase’s Financial Outlook
- NetEase price target raised to $158 from $145 at Benchmark
- NetEase price target lowered to $155 from $160 at Bernstein
- NetEase price target raised to $135 from $120 at Barclays
- NetEase’s Strong Gaming Growth and Future Potential Justify Buy Rating
