CICC analyst maintained a Buy rating on Netease Inc yesterday and set a price target of HK$265.00. The company’s shares closed yesterday at HK$202.80.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Netease Inc has an analyst consensus of Strong Buy, with a price target consensus of HK$250.06, a 23.30% upside from current levels. In a report released on July 13, Bernstein also maintained a Buy rating on the stock with a HK$235.00 price target.
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
