Citi lowered the firm’s price target on NetEase to $132 from $134 and keeps a Buy rating on the shares. The company reported “mixed” Q2 results but Q3 should be stronger with successful new games, the analyst tells investors in a research note. The firm views NetEase as “resilient and defensive with good earnings visibility.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NTES: