NetEase price target raised to $142 from $137 at UBS

UBS raised the firm’s price target on NetEase to $142 from $137 and keeps a Buy rating on the shares. NetEase’s Q4 was a miss, dragged by a miss in game revenue, which could be due to a combination of seasonality in legacy titles and decline in Justice Mobile from launch peak, the analyst tells investors in a research note. The firm thinks Q1 could remain soft, but thinks the market is likely to look past the near-term lull and focus on the new game pipeline around Q2.