HSBC raised the firm’s price target on NetEase to $136 from $120 and keeps a Buy rating on the shares. The company is showing continuous market share gains, thanks to Where Winds Meet and Shediao in the first half of 2024 and highly ranked Justice Mobile, the analyst tells investors in a research note. The firm believes NetEase’s strong momentum can sustain into 2024.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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: