Jefferies analysts argue NetEase (NTES) is set for revenue growth thanks to the strong performance of its current games, such as Marvel Rivals, and games being released in 2025. These analysts also expect the video game developer and publisher to pursue more PC game releases in foreign markets instead of focusing on mobile games.
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The Jefferies analysts reiterated a Buy rating for NetEase in this latest note to clients. It also increased its price target for NTES shares from $103 to an incredibly bullish $120, representing a potential 20.74% upside.
Jefferies isn’t the only firm that weighed in on NetEase recently. Bank of America Securities analyst Lei Zhang reiterated a Buy rating for the shares yesterday while increasing his price target from $120 to $122, representing a potential 22.95% increase.
How This Affects NTES Stock Today
NTES stock isn’t doing so hot on Thursday despite the analyst praise. The company’s shares are down 4.52% as of this writing but are still up 11.32% year-to-date. Today’s dip follows a rally yesterday that saw the shares close out normal trading hours up 8.3%.
NetEase will be a stock worth watching over the next few weeks as it’s set to release its upcoming earnings report on Feb. 20, 2025. This will mark the first earnings release from the company since the launch of Marvel Rivals, which has reached over 2.5 million players following its launch last month.
Is NTES Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for NetEase is Strong Buy based on seven Buy and one Sell ratings over the last three months. With that comes an average price target of $110.69, a high of $125.50, and a low of $82. This represents a potential 11.7% upside for NTES shares.
