Barclays Maintains Equal-Weight on NetEase, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Equal-Weight rating on NetEase (NASDAQ:NTES) but lowers the price target from $104 to $82.
August 26, 2024 | 3:21 pm
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Barclays has maintained its Equal-Weight rating on NetEase but has significantly lowered the price target from $104 to $82, indicating a more cautious outlook.
The reduction in the price target from $104 to $82 by Barclays suggests a less optimistic view on NetEase's future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations accordingly.
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