Stock Rating Downgrade
In the last week the Value Trend Rating for Netease Inc (NASDAQ: NTES) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Netease Inc (NASDAQ: NTES) stock closed at $104.73 on 5/20/24 after a slight decline of -0.2%. This decline was accompanied by normal trading volume. The stock has risen 6.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Netease has a neutral Power Rating of 46 and a slightly negative Appreciation Score of 40, leading to the Negative Value Trend Rating.
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