UBS Sticks to Its Buy Rating for Netease Inc (9999)
UBS analyst maintained a Buy rating on Netease Inc on December 29 and set a price target of HK$288.60. The company’s shares closed yesterday at HK$216.20.
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Netease Inc has an analyst consensus of Strong Buy, with a price target consensus of HK$257.96.
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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- 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
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