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

Tipranks - Tipranks - Thu Mar 5, 6:30PM CST

Daiwa analyst maintained a Buy rating on Netease Inc on March 3 and set a price target of HK$257.00. The company’s shares closed yesterday at HK$179.80.

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Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of HK$248.97, which is a 38.47% upside from current levels. In a report released on February 18, TipRanks – OpenAI also reiterated a Buy rating on the stock with a HK$209.00 price target.

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Based on Netease Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$27.14 billion and a net profit of HK$6.15 billion. In comparison, last year the company earned a revenue of HK$26.75 billion and had a net profit of HK$8.77 billion

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