Weekly Recap | NetEase -2.83%, consensus target above spot
Weekly Review·- NetEase shares fell 2.83% this week to close at $119.29, underperforming the S&P 500 by 0.92 percentage points amid relatively light trading volume. - Institutional sentiment remains positive, with 32 analysts consensus rating the stock as a strong buy and setting an average target price of $161.69. - Key developments included the upcoming launch of NetEase Cloud Music's HarmonyOS native app and positive sector positioning from UOB Kay Hian.Weekly Recap | NetEase -4.22%, consensus target above spot
Weekly Review·- NetEase shares fell 4.22 % to close at 122.76 dollars this week, underperforming the S & P 500 amid a volume contraction. - The company launched its open-world survival game " Once Human " on PS5 and Xbox platforms and granted 22.47 thousand ADS shares. - Institutional sentiment remains strongly bullish with a consensus target price of 161.72 dollars, which exceeds the current price by about 31.74 %.Weekly Recap | NetEase +2.44%, consensus target over 25% above spot
Weekly Review·- NetEase shares rose 2.44 % to close at 128.17 dollars amid volatile trading, driven by strong second-quarter revenue of 30.1 billion yuan that grew 7.9 % year-over-year. - Non-GAAP net profit declined 18.7 % to 7.747 billion yuan due to investment losses, though management's positive earnings call remarks sparked a strong rebound. - Thirty-two institutions maintain a consensus strong buy rating with a target price of 161.09 dollars, representing over 25 % upside from the current price.