BofA analyst Lei Zhang raised the firm’s price target on NetEase to $128 from $127 and keeps a Buy rating on the shares after having hosted an investors meeting in Hangzhou. On top of the “solid” game growth trends and margin improvement that management spoke to, the firm believes new games’ performance and the pipeline are better than expected, the analyst tells investors.
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 today’s best-performing stocks on TipRanks >>
Read More on NTES: