NetEase Reports First Quarter 2021 Unaudited Financial Results

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NetEase.com (NTES) PT Lowered to $134 at CLSA

May 18, 2021 4:43 PM EDT

CLSA analyst Elinor Leung lowered the price target on NetEase.com (NASDAQ: NTES) to $134.00 (from $159.00) while maintaining a Buy (1) rating.

The analyst comments "Neteases 1Q21 results beat expectations. Total revenue grew 20% YoY to Rmb20.5bn, 1% above our estimate, and adj. Ebit fell... More