In a report released on November 15, Thomas Chong from Jefferies maintained a Buy rating on Netease Inc (9999 – Research Report), with a price target of HK$159.00. The company’s shares closed last Friday at HK$134.00.
According to TipRanks, Chong is a 4-star analyst with an average return of 3.9% and a 45.78% success rate. Chong covers the Communication Services sector, focusing on stocks such as Baidu, Tencent Holdings Limited, and NetEase.
Currently, the analyst consensus on Netease Inc is a Strong Buy with an average price target of HK$169.60.
The company has a one-year high of HK$185.70 and a one-year low of HK$116.00. Currently, Netease Inc has an average volume of 8.69M.
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Netease Inc (9999) Company Description:
NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce.
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