J.P. Morgan Reaffirms Their Buy Rating on NetEase (NTES)

In a report released yesterday, Daniel Chen CFA from J.P. Morgan maintained a Buy rating on NetEase (NTES – Research Report), with a price target of $135.00. The company’s shares closed last Friday at $119.58.

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According to TipRanks, Chen CFA is ranked #4970 out of 9519 analysts.

In addition to J.P. Morgan, NetEase also received a Buy from CMB International Securities’s Saiyi He in a report issued on May 16. However, on the same day, Barclays maintained a Hold rating on NetEase (NASDAQ: NTES).

NTES market cap is currently $75.93B and has a P/E ratio of 17.17.