Impact of Brokerage Rating on NetEase, Inc.(NTES)

Many NetEase, Inc.(NTES) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. NetEase Inc (ADR) was Initiated by Bernstein on Jan 11, 2017 to Underperform, Price Target of the shares are set at $200.NetEase Inc (ADR) was Upgraded by Standpoint Research to Buy on Jan 9, 2017. NetEase Inc (ADR) was Upgraded by CLSA to Buy on Jan 4, 2017. NetEase Inc (ADR) was Upgraded by Jefferies to Buy on Nov 28, 2016.

NetEase Inc (ADR) Last issued its quarterly earnings results on Nov 9, 2016. The company reported $3.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.22. Analyst had a consensus of $3.20. The company had revenue of $1381.40 million for the quarter, compared to analysts expectations of $1434.44 million. The companys revenue was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 EPS.

NetEase, Inc. (NASDAQ:NTES) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.5 by 8 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

NetEase, Inc. (NASDAQ:NTES): The mean estimate for the short term price target for NetEase, Inc. (NASDAQ:NTES) stands at $257.67 according to 6 Analysts. The higher price target estimate for the stock has been calculated at $310 while the lower price target estimate is at $192.

NetEase, Inc. (NASDAQ:NTES) witnessed a decline in the market cap on Tuesday as its shares dropped 1.79% or 4.66 points. After the session commenced at $260.55, the stock reached the higher end at $261.289 while it hit a low of $254. With the volume soaring to 1,094,575 shares, the last trade was called at $256.12. The company has a 52-week high of $272.58. The company has a market cap of $33,674 million and there are 131,477,287 shares in outstanding. The 52-week low of the share price is $130.82.

NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the Peoples Republic of China.

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