As previously reported, CLSA upgraded NetEase to Buy from Outperform and reduced its price target to $280 from $300. Analyst Man Ho Lam believes hte launch of Ancient Nocturne will be a near-term catalyst for shares and urges investors to recognize NetEase is a leading online gaming company with multiple long-term franchises. Lam said NetEase has a proven track record of creating quality content that is less vulnerable to tightening regulations and increasing competition, and is in the early stages of ecommerce and other initiatives that are not reflected in valuation.
NetEase (NTES) unveiled a new team-based shooter "Marvel Rivals," a multiplayer game based on Marvel Comics' (DIS) superhero characters. The game is being developed for PC, with an alpha test for the game set to launch in May 2024. Reference Link