JPMorgan raised the firm’s price target on NetEase to $125 from $120 and keeps an Overweight rating on the shares. The analyst says the company’s structural margin expansion and game revenue acceleration in the second half of 2023 should drive further share price upside. The firm reiterates NetEase as its as China online game top pick.
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- NetEase price target raised to $130 from $118 at Benchmark
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