JPMorgan analyst Alex Yao double upgraded NetEase to Overweight from Underweight and raised his price target for the shares to $290 from $230. The analyst says the six-quarter earnings downgrade cycle is ending.
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