Morgan Stanley named NetEase as a “Research Tactical Idea” given the belief that the share price will rise in absolute terms over the next 60 days. The stock has traded off recently, making the short term valuation “much more compelling,” says the analyst, who thinks the new online games consultation paper in China will have “minimal revenue impact” on NetEase. The firm keeps an Overweight rating and $150 price target on NetEase shares, which are down 20% to $83.21 in Friday pre-market trading in New York.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NTES:
- NetEase, BYD: 2 “Strong Buy” HKEX Shares with Attractive Upside
- NetEase price target lowered by $5 at JPMorgan, here’s why
- NetEase (NASDAQ:NTES) a Winner as ByteDance Exits Gaming
- NetEase (NTES) Discloses Q4 Dividend: What Shareholders Should Know
- LI, BABA, or NTES: Which Chinese Stock Could Deliver the Most Attractive Returns?
