NetEase stock gets “Buy” rating from analysts, with target price of $112.67, as the Chinese internet technology company’s shares experience a 2% rise. Eight research firms, including JP Morgan and Citigroup, have covered the stock, with four giving a buy recommendation. The company’s market capitalisation is $55.99bn, with a price-to-earnings ratio of 18.79 and a beta of 0.49. The company’s low for the past year is $53.09, while the high is $108.77. NetEase (NSD:NTES) has a dividend payout ratio of 23.52%. In few months, several institutional investors and hedge funds have either added to or reduced their stakes in the company.
NetEase has been expanding its global reach in recent years, diversifying beyond its core gaming business. The company has made strategic investments in overseas companies such as Canadian music streaming platform Tidal and Australian game developer and publisher, JDB Holdings. In addition, NetEase launched its cross-border e-commerce platform, Kaola Global, which enables Chinese consumers to purchase imported goods. The company’s expansion plans have helped to diversify its revenue streams and reduce its reliance on the Chinese market. However, the ongoing regulatory crackdown on the Chinese tech industry could impact NetEase’s growth prospects in the future.
NetEase Inc Stock Forecast
NetEase Inc, a leading Chinese technology company, is expected to perform well over the next 12 months, with an average target price of USD 102.17 based on forecasts from four analysts. The company also has a Strong Buy rating from the analysts. According to Stock Target Advisor, its own analysis of NetEase Inc. suggests a slightly bullish trend, based on nine positive signals and five negative signals. As of the last closing, the stock price was USD 85.51. Despite some fluctuations, NetEase Inc’s stock price has increased by 5.04% over the past week. However, it has decreased by 2.62% over the past month and 8.36% over the last year.
Company Overview
NetEase, Inc. is a China-based company that provides a variety of online services, including content, community, communication, and commerce. It operates through four segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. The company is involved in developing and operating PC and mobile games, as well as licensing games from other developers. Its product portfolio also includes online knowledge and translation tools, smart devices, online courses, and enterprise services. The company’s NetEase Cloud Music is a music streaming platform, while Yanxuan is an e-commerce platform offering private label products across different categories.The company offers NetEase Pay, a payment platform and is headquartered in Hangzhou, China, since its founding in 1997.
