NetEase (NTES) Tops Q2 EPS by 18c
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August 23, 2024 6:03 AM EDT
Morgan Stanley analyst Alex Poon lowered the price target on NetEase.com (NASDAQ: NTES) to $85.00 (from $90.00) while maintaining a Equalweight rating.
The analyst comments " We trim our 2024-26E diluted EPS estimates by 3-9% as we consider lower game revenue in 2H24 and... More
August 23, 2024 5:29 AM EDT
BofA Securities analyst Eddie Leung lowered the price target on NetEase.com (NASDAQ: NTES) to $120.00 (from $142.00) while maintaining a Buy rating.
The analyst comments "We see NetEase s PC game trend in 2024E is better than feared despite the mixed 2Q results, on stabilized FWJ PC and the launching of new games. 2Q PC game rev was flat YoY, above consensus teens YoY decline due to... More
August 22, 2024 4:10 PM EDT
Citi analyst Hillman Chan lowered the price target on NetEase.com (NASDAQ: NTES) to $112.00 (from $116.00) while maintaining a Buy rating.
The analyst comments "Following softer-than-anticipated launch of Naraka Bladepoint Mobile and concerns on adjustment impact from FWJ PC, it is not a surprise... More
August 22, 2024 4:02 PM EDT
Jefferies analyst Thomas Chong lowered the price target on NetEase.com (NASDAQ: NTES) to $103.00 (from $126.00) while maintaining a Buy rating.
The analyst comments "NetEase reported 2Q results. We view share price volatility post result is due to softness in deferred revenue due... More
