CICC Sticks to Its Buy Rating for Netease Inc (9999)

In a report released on May 22, from CICC maintained a Buy rating on Netease Inc, with a price target of HK$265.00. The company’s shares closed last Friday at HK$181.50.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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Netease Inc has an analyst consensus of Strong Buy, with a price target consensus of HK$245.25.

Based on Netease Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$30.59 billion and a net profit of HK$10.67 billion. In comparison, last year the company earned a revenue of HK$28.83 billion and had a net profit of HK$10.3 billion