Analyst Alex Poon maintained his overweight rating on the China-based technology company and raised his price target by $135 to $150.
Investors should scoop up shares of NetEase before it hits the global runway, according to Morgan Stanley. Analyst Alex Poon maintained his overweight rating on the China-based technology company and raised his price target by $15 to $150. The firm's forecast implies roughly 44% upside from Tuesday's close.
In the past decade, the company has increased its game revenue tenfold and tripled its market share in China from 8% to 9% in 2013-2014 to 24% by the end of 2023, as it kept up with PC-to-mobile trends and prioritized content diversification, Poon said.
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