Susquehanna Raises Price Target On NetEase (NTES)

May 16, 2008 8:46 AM EDT

Susquehanna raises price target on NetEase (Nasdaq: NTES) from $26 to $30. Susquehanna expects meaningful upside to the 1Q08 estimates, when NetEase reports on May 21st. Susquehanna now forecasts $87.5 million in net revs, 7% above of the consensus and 2 cents above eps consensus. Susquehanna reiterates its Positive Rating on NetEase.

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NTES 24.35

-0.45 -1.81%
Volume: 1,469,061
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