Morgan Stanley raised the firm’s price target on NetEase (NTES) to $170 from $151 and keeps an Overweight rating on the shares. NetEase’s game future over the next 1-2 years will mainly depend on two key new titles, Ananta and Sea of Remnants, says the analyst, who is “bullish on the potential upside” from these games.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTES: