Breaking: NetEase Inc (NASDAQ:NTES) Buy Rating Reconfirmed at Benchmark Co. Today; The PT Given is $340.0000

May 18, 2018 - By Christine McCrea

NetEase Inc (NASDAQ:NTES) Rating Reaffirmed

NetEase Inc (NASDAQ:NTES) just had their share rating of a ‘Buy’ issued by research analysts at Benchmark Co., who now has a $340.0000 target on the $32.33B market cap company or a 38.12 % upside potential. This key information was released in a note on Thursday morning.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 6 analysts covering NetEase Inc (NASDAQ:NTES), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. NetEase Inc has $355.0 highest and $24000 lowest target. $302’s average target is 22.68% above currents $246.16 stock price. NetEase Inc had 8 analyst reports since November 21, 2017 according to SRatingsIntel. The company was maintained on Monday, December 18 by Jefferies. Barclays Capital maintained the stock with “Hold” rating in Tuesday, November 21 report. The rating was maintained by Jefferies with “Hold” on Tuesday, April 10. Jefferies maintained NetEase, Inc. (NASDAQ:NTES) on Tuesday, January 23 with “Hold” rating. Bernstein maintained NetEase, Inc. (NASDAQ:NTES) rating on Tuesday, February 27. Bernstein has “Sell” rating and $285.0 target. CLSA upgraded the stock to “Buy” rating in Wednesday, April 25 report.

The stock decreased 7.46% or $19.84 during the last trading session, reaching $246.16. About 4.81 million shares traded or 358.76% up from the average. NetEase, Inc. (NASDAQ:NTES) has declined 2.94% since May 18, 2017 and is downtrending. It has underperformed by 14.49% the S&P500.

NetEase, Inc. operates an interactive online community in the People's Republic of China. The company has market cap of $32.33 billion. The firm operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others divisions. It has a 19.31 P/E ratio. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Seekingalpha.com which released: “NetEase’s (NTES) CEO William Ding on Q1 2018 Results – Earnings Call Transcript” on May 17, 2018, also Streetinsider.com with their article: “Pre-Open Movers 05/17: (WWE) (LOXO) (NTES) Higher; (JNCE) (JCP) (ACXM) Lower (more…)” published on May 17, 2018, Seekingalpha.com published: “NetEase, Inc 2018 Q1 – Results – Earnings Call Slides” on May 17, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Fool.com and their article: “Can NetEase Stock Bounce Back on Wednesday?” published on May 15, 2018 as well as 247Wallst.com‘s news article titled: “Celgene, NetEase Drop into Thursday’s 52-Week Low Club” with publication date: May 17, 2018.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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