Barclays analyst Gregory Zhao raised his price target for NetEase to $300 from $275 and reiterates an Overweight rating on the shares. The progress of government approvals for both domestic and imported games is on track, with several of NetEase's new names approved in the past months, which bodes well for more title launches in the second half of 2019, Zhao tells investors in a research note. Further, he believes the performance of NetEase's existing games is "quite stable." The analyst maintains his positive view on the shares and views the current valuation as attractive.

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here