NetEase, Inc. provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; smart devices, such as Youdao Smart Pen, Youdao Dictionary Pen, Youdao Pocket Translator, and Youdao Cloud Pen; online courses; interactive learning apps; and enterprise services, such as Youdao Smart Cloud, a cloud-based platform that helps third-party app developers, smart device brands, and manufacturers to access its optical character recognition capability and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: ir.netease.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2024 | $104.00 | Equal Weight | Barclays |
| 5/23/2024 | $100.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/12/2024 | $135.00 → $120.00 | Overweight | Morgan Stanley |
| 1/11/2024 | $126.00 | Outperform | Macquarie |
| 6/5/2023 | Outperform | Bernstein | |
| 3/1/2023 | $85.00 → $100.00 | Neutral → Overweight | JP Morgan |
| 9/7/2022 | $120.00 → $90.00 | Overweight → Neutral | JP Morgan |
| 7/5/2022 | $129.00 | Outperform | Macquarie |
| 5/16/2022 | $60.00 → $120.00 | Underweight → Overweight | JP Morgan |
| 4/11/2022 | $132.00 | Buy | Goldman |
NetEase Inc (NASDAQ:NTES) shares experienced their most enormous intraday surge in a month in Hong Kong as the company prepares to launch the mobile version of its major summer release, Naraka Bladepoint. The Hangzhou-based publisher expects to generate 6.4 billion yuan ($880 million) in sales from the game over its first 12 months, with Naraka Mobile contributing 6% to 7% of overall revenue growth during that period, Bloomberg reports. NetEase stock is up 2.2% in Wednesday’s trading session. NetEase has already garnered over 40 million pre-registrations for the freemium mobile game. Previously, Naraka Bladepoint attracted over 40 million PC players, and the company expects the mobile
NetEase Inc (NASDAQ:NTES) shares are trading higher by 2.74% to $93.85 during Monday’s session amid strength in Chinese stocks are trading higher after China lowered key interest rates. Lower interest rates typically reduce borrowing costs for consumers. This can lead to increased discretionary spending as consumers have more disposable income. NetEase, being a major player in online gaming and digital entertainment, would benefit from higher consumer spending on its platforms and services. The rate cuts are aimed at stimulating the broader economy by encouraging investment and consumption. An improved economic outlook generally boosts investor confidence, leading to higher stock price
Tencent Holdings ADR (OTC:TCEHY) has announced plans to terminate Synced, its free-to-play co-op shooter, just a year after its launch. Developed by NExT Studios and published by Tencent’s global games brand, Level Infinite, Synced hit the market in September 2023, IGN reported. See Also: How Tencent’s New Mobile Ventures Aim To Mimic Palworld’s Global Success Although the game had an initial peak of 10,272 concurrent players on Steam, its player base quickly dwindled. By October, it struggled to maintain even 1,000 concurrent players, with current numbers barely reaching 23. Reviews on Steam have also plummeted from ‘mixed’ to ‘mostly negative’. In a statement, Tencent confirme
Across the recent three months, 7 analysts have shared their insights on NetEase (NASDAQ:NTES), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 1 0 1 0 0 3M Ago 1 1 0 0 0 Analysts have set 12-month price targets for NetEase, revealing an average target of $113.57, a high estimate of $145.00, and a low estimate of $100.00. This current average has decreased
Morgan Stanley analyst Alex Poon maintains NetEase (NASDAQ:NTES) with a Equal-Weight and maintains $100 price target.
Morgan Stanley analyst Alex Poon maintains NetEase (NASDAQ:NTES) with a Equal-Weight and maintains $100 price target.
Tencent Holdings (OTC:TCEHY) and Alibaba Group Holding (NYSE:BABA) have received approval from China for 104 new video games this month, marking a positive shift for the country’s gaming industry. SCMP reports that the National Press and Publication Administration (NPPA) approved Tencent’s online role-playing game Roco Kingdom: World and Alibaba’s Ruyuan from its Lingxi Games studio. The update boosted Chinese gaming company NetEase, Inc. (NASDAQ:NTES) stock. Also Read: NetEase’s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music This month’s approvals reflect a rebound for the gaming industry. After fewer than 100 titles were approved in April an
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday. Shares of NextEra Energy, Inc. (NYSE:NEE) fell sharply in today's pre-market trading after the company announced plans to sell equity units. After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due June 1, 2029. Each unit will be issued for $50. AMC Networks shares dipped 7.6% to $66.81 in pre-market trading. Here are some big stocks recording losses in today's pre-ma