In recent developments, JP Morgan has adjusted its price target for NetEase (NTES, Financial), raising it from $120.00 to $135.00. The new price target indicates a 12.5% increase from the previous target.
JP Morgan analyst Daniel Chen maintains the "Overweight" rating for NetEase (NTES, Financial). The decision to maintain the current rating while raising the price target reflects a positive outlook for the company's future performance.
The adjustment comes as part of JP Morgan's ongoing assessment of NetEase (NTES, Financial) performance in the market, underscoring confidence in the company's growth prospects. The stock continues to be a focus for investors following the recent update.
Investors are advised to take note of the latest target and rating as it may influence trading strategies regarding NetEase (NTES, Financial) shares, which are traded on the NASDAQ.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for NetEase Inc (NTES, Financial) is $130.75 with a high estimate of $159.57 and a low estimate of $95.96. The average target implies an upside of 10.76% from the current price of $118.05. More detailed estimate data can be found on the NetEase Inc (NTES) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, NetEase Inc's (NTES, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NetEase Inc (NTES, Financial) in one year is $106.08, suggesting a downside of 10.14% from the current price of $118.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NetEase Inc (NTES) Summary page.
