NetEase Announces First Quarter 2024 Unaudited Financial Results

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Go back to NetEase Announces First Quarter 2024 Unaudited Financial Results

CFRA Reiterates Buy Rating on NetEase.com (NTES)

May 24, 2024 5:21 AM EDT

CFRA analyst Ahmad Halim reiterated a Buy rating and $130.00 price target on NetEase.com (NASDAQ: NTES).

The analyst comments "We keep our forecasts unchanged for NetEase, as successive quarters should be stronger on the launch of major titles. Our 12-month target price is kept at... More

BofA Securities Reiterates Buy Rating on NetEase.com (NTES)

May 24, 2024 5:15 AM EDT

BofA Securities analyst Eddie Leung reiterated a Buy rating and $142.00 price target on NetEase.com (NASDAQ: NTES).

The analyst comments "NetEase delivered a better-than-expected 1Q results with revenue and profit beat amid robust mobile game growth, and co also provided more clear answers regarding certain market focused areas that may ease investors concerns in: 1) timeline on key... More

NetEase.com (NTES) PT Lowered to $129 at Jefferies

May 23, 2024 1:21 PM EDT

Jefferies analyst Thomas Chong lowered the price target on NetEase.com (NASDAQ: NTES) to $129.00 (from $133.00) while maintaining a Buy rating.

The analyst comments "NetEase reported 1Q results. During conference call, management highlighted operational adjustments in PC version for FWJ are short-term, and... More

Citi Reiterates Buy Rating on NetEase.com (NTES)

May 23, 2024 5:45 AM EDT

Citi analyst Hillman Chan reiterated a Buy rating and $116.00 price target on NetEase.com (NASDAQ: NTES).

The analyst comments "NTES reported 1Q24 total net revenues of Rmb26.9bn (+7.2% y/y, -1.1% q/q), beat our Rmb25.6bn forecast while inline with Consensus Rmb26.74bn... More