Bernstein analyst Bhavtosh Vajpayee raised his price target for NetEase to $285 from $250, citing more generous assumptions on e-Commerce profitability longer term, and new modelling framework based on the first ever company disclosures of its e-Commerce business recently. The analyst reiterates an Underperform rating on the shares.
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