Nomura analyst Jialong Shi maintained a Buy rating on Netease Inc on Wednesday, setting a price target of $139, which is approximately 29.85% above the present share price of $107.05.
Shi expects Netease Inc to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in NetEase (NASDAQ:NTES), with an average price target of $118.67.
The analysts price targets range from a high of $139 to a low of $107.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $18.66 billion and a net profit of $2.87 billion. The company's market cap is $73.38 billion.
According to TipRanks.com, Nomura analyst Jialong Shi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.2% and a 71.43% success rate.
NetEase, Inc. engages in the provision of online internet technology services. It operates through the following business segments: Online Games, E-commerce, Advertisign Services, and E-Mail and Others. The Online Games segment offers multi-player online role-playing games and mobile games. The E-commerce segment provides online selling and payment platform, e-reading applications, matchmaking services, online music, social network, personalized photo-based products, and online game-related accessories. The Advertising segment involves banner advertising, channel sponsorships, direct e-mail, interactive media-rich sites, sponsored special events, games and contests. The E-Mail Services segment comprise free and fee-based premium e-mail services. The company was founded by Lei Ding in June 1997 and is headquartered in Beijing, China.