Stock Rating Upgrade
The Value Trend Rating for Netease Inc (NASDAQ: NTES) improved of late 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 closed at $90.48 on 5/24/24 after a decline of -4.5%. Moreover, trading volume in this decline was exceptionally high at 214% of normal. The stock has declined -13.2% during the last week and 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 C (Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Netease has a neutral Appreciation Score of 54 and a neutral Power Rating of 44, producing the Neutral Value Trend Rating.
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