US Stock Market Move | Netease Inc Sponsored ADR (NTES.US) rises more than 3% in pre-market trading, UBS Group AG is optimistic with a target price of $133.
On Tuesday, NetEase (NTES.US) rose more than 3% in pre-market trading, reaching $99.99 per share.
On Tuesday, Netease Inc Sponsored ADR (NTES.US) rose more than 3% in pre-market trading, reaching $99.99. UBS Group AG expressed optimism about Netease Inc Sponsored ADR, as its fundamentals may be strong by 2025 and profits could be surprising, benefiting from recent game launches, especially the strong performance of "Marvel Contest of Champions," as well as the rebound of perennial games in 2024 after undergoing transformation. Based on the DCF model, the target price for Netease Inc Sponsored ADR is $133, corresponding to a 13x P/E ratio for 2025, maintaining a "buy" rating.
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