- NetEase (NTES, Financial) exceeds Q1 expectations with strong financial results and gaming revenue growth.
- Analysts project a 13.25% upside for NTES with a consensus rating of "Outperform."
- GuruFocus estimates a slight downside with a GF Value estimate of $105.73.
NetEase (NTES) delivered an impressive performance in the first quarter, surpassing market expectations with a Non-GAAP EPADS of $2.44, which outperformed estimates by $0.52. The company's revenue reached $4 billion, marking a 7.4% increase year-over-year and exceeding projections by $60 million, primarily driven by a 12.1% surge in gaming revenues.
Wall Street Analysts' Forecast
According to the one-year price targets from 31 analysts, the average target price for NetEase Inc (NTES, Financial) is $121.30, with the high estimate at $160.30 and the low at $96.40. This average target suggests a potential upside of 13.25% from the current trading price of $107.11. For more in-depth estimate data, visit the NetEase Inc (NTES) Forecast page.
The consensus recommendation from 30 brokerage firms rates NetEase Inc's (NTES, Financial) average brokerage recommendation at 1.8, conveying an "Outperform" status. This rating falls on a scale of 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus GF Value Analysis
GuruFocus provides an estimated GF Value for NetEase Inc (NTES, Financial) of $105.73 in one year, hinting at a 1.29% downside from its current price of $107.11. The GF Value reflects GuruFocus' calculation of the fair value the stock should trade at, determined by its historical trading multiples, past business growth, and future performance projections. More comprehensive data is available on the NetEase Inc (NTES) Summary page.
