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Investing.com - Jefferies has raised its price target on NetEase.com (NASDAQ:NTES) to $158.00 from $155.00 while maintaining a Buy rating on the stock. According to InvestingPro data, this target aligns with analysts’ overall bullish stance on NetEase, which currently holds a strong buy consensus rating of 1.26. The company appears slightly undervalued based on InvestingPro’s Fair Value assessment.
The firm cited NetEase’s third-quarter results, noting that the company’s contract liabilities maintained solid momentum during the period. Jefferies observed that NetEase continues to pursue a focused approach on successful game titles with content upgrades. This strategy has contributed to NetEase’s impressive financial performance, with the stock delivering a 52.8% return year-to-date and 56.5% over the past year.
The research firm highlighted NetEase’s emphasis on quality in new game development, specifically mentioning the surprising success of the PC title FWJ. Jefferies also noted that the Ananta game development remains on track, enhanced with console quality, innovative monetization, and long-term operations. InvestingPro analysis shows NetEase is trading at a P/E ratio of 20.6 with a favorable PEG ratio of 0.91, indicating the stock is trading at a low P/E ratio relative to near-term earnings growth.
In overseas markets, Jefferies reported that NetEase is embracing opportunities with deep expertise. The firm’s analysis focused on NetEase’s gaming strategy and international expansion efforts. NetEase’s overall financial health score is rated as "GREAT" by InvestingPro, reflecting the company’s strong position as it pursues global growth.
The price target increase represents a modest upward revision from Jefferies’ previous $155.00 target, reflecting continued confidence in NetEase’s business model and growth prospects. Analyst targets for NetEase range from $121.13 to $200.13, with InvestingPro highlighting the company’s high return over the last year as one of several positive indicators. For deeper insights into NetEase and 1,400+ other US equities, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, NetEase, Inc. reported its third-quarter earnings, which surpassed analyst expectations. However, the company’s revenue for the same period fell short of projections. NetEase posted revenue of RMB28.4 billion ($4.0 billion), missing the consensus estimate of RMB29.01 billion, although it represented an 8.2% year-over-year increase. These developments have caught the attention of investors and analysts alike. Despite the revenue shortfall, the earnings performance indicates some positive momentum within the company. Analysts are closely monitoring the situation to assess future prospects. The company’s recent financial performance remains a focal point for stakeholders.
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