Is there a Bearish outlook for NetEase Inc (ADR) (NASDAQ:NTES) this week?

June 16, 2017 - By Adrian Mccoy

 Is there a Bearish outlook for NetEase Inc (ADR) (NASDAQ:NTES) this week?

NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage

Among 14 analysts covering NetEase (NASDAQ:NTES), 11 have Buy rating, 2 Sell and 1 Hold. Therefore 79% are positive. NetEase had 24 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Neutral” rating by Nomura on Friday, January 22. As per Friday, August 19, the company rating was initiated by Credit Suisse. The firm has “Hold” rating by Vetr given on Wednesday, August 12. The rating was upgraded by CLSA on Monday, October 3 to “Outperform”. Macquarie Research maintained it with “Outperform” rating and $280 target in Wednesday, September 28 report. Credit Agricole downgraded NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, February 25 to “Underperform” rating. The firm has “Buy” rating given on Wednesday, January 4 by CLSA. The stock has “Hold” rating by Zacks on Tuesday, August 25. The rating was downgraded by Standpoint Research to “Hold” on Friday, October 16. Goldman Sachs initiated the stock with “Buy” rating in Wednesday, November 25 report. Below is a list of NetEase Inc (ADR) (NASDAQ:NTES) latest ratings and price target changes.

07/06/2017 Broker: Inc. – American Depositary Shares Rating: Each Representing 25 Ordinary Shares Old Target: $Buy;Reduce 345
11/01/2017 Broker: Bernstein Rating: Underperform New Target: $200.00 Initiate
09/01/2017 Broker: Standpoint Research Old Rating: Hold New Rating: Buy Upgrade
04/01/2017 Broker: CLSA Old Rating: Outperform New Rating: Buy Upgrade

About 505,438 shares traded. NetEase Inc (ADR) (NASDAQ:NTES) has risen 77.85% since June 16, 2016 and is uptrending. It has outperformed by 61.15% the S&P500.

NetEase, Inc. is a technology company. The company has market cap of $38.37 billion. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. It has a 20.3 P/E ratio. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

More notable recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Fool.com which released: “Will NetEase Inc Deliver Another Blowout Performance in 2017?” on March 12, 2017, also Fool.com with their article: “Why NetEase Inc. Stock Popped Today” published on February 16, 2017, Investorplace.com published: “NetEase Inc (ADR): Tap Into China’s Strong Online Growth with NTES Stock” on June 08, 2017. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) were released by: Fool.com and their article: “Why NetEase, Inc. Surged 20% in February” published on March 15, 2017 as well as Fool.com‘s news article titled: “Why NetEase, Inc. Fell 13% in November” with publication date: December 15, 2016.

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