Stock Rating Upgrade
The Value Trend Rating for Netease Inc (NASDAQ: NTES) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Netease Inc (NASDAQ: NTES) stock rose slightly by 0.2% on 4/8/24. The stock closed at $96.97. However, trading volume in this advance was below average at 75% of normal. The stock has performed in line with the market over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NTES is expected to continue to be a major Value Builder.
Netease has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Netease has a neutral Appreciation Score of 44 and a neutral Power Rating of 54, leading to the Neutral Value Trend Rating.
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