Jefferies Maintains Buy on NetEase, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on NetEase (NASDAQ:NTES) but lowers the price target from $126 to $103.
August 22, 2024 | 9:14 pm
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Jefferies analyst Thomas Chong maintains a Buy rating on NetEase but lowers the price target from $126 to $103, indicating a more cautious outlook.
The lowering of the price target from $126 to $103 suggests a more cautious outlook on NetEase's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Buy rating.
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IMPORTANCE 80
RELEVANCE 100