Stock On Watch: Does NetEase Inc (ADR) Have More Gas After Achieving 52-Week High?

Stock On Watch: Does NetEase Inc (ADR) Have More Gas After Achieving 52 Week High?

The stock of NetEase Inc (ADR) (NASDAQ:NTES) hit a new 52-week high and has $388.17 target or 54.00% above today’s $252.06 share price. The 5 months bullish chart indicates low risk for the $34.19 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $388.17 price target is reached, the company will be worth $18.46 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 551,109 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 80.61% since March 4, 2016 and is uptrending. It has outperformed by 72.57% the S&P500.

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

Out of 12 analysts covering NetEase (NASDAQ:NTES), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. NetEase has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Credit Agricole given on Thursday, February 25. As per Thursday, September 29, the company rating was initiated by Jefferies. Credit Suisse initiated the stock with “Neutral” rating in Friday, August 19 report. The stock has “Neutral” rating given by Nomura on Friday, January 22. The firm earned “Hold” rating on Wednesday, August 12 by Vetr. The firm has “Outperform” rating given on Wednesday, September 28 by Macquarie Research. The rating was upgraded by CLSA on Monday, October 3 to “Outperform”. The rating was downgraded by Zacks to “Hold” on Tuesday, August 25. As per Thursday, May 12, the company rating was upgraded by Nomura. JP Morgan maintained NetEase Inc (ADR) (NASDAQ:NTES) rating on Thursday, February 25. JP Morgan has “Overweight” rating and $185 price target.

According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China.”

More important recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Etfdailynews.com published: “NetEase Proves It’s the One Chinese Stock Everyone Should Own” on August 18, 2016. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) was released by: Investorplace.com and their article: “Why Vale SA (ADR) (VALE), NetEase Inc (ADR) (NTES) and HP Inc (HPQ) Are 3 of …” with publication date: February 25, 2016.

NTES Company Profile

NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. 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. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.

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