Stock Track | NetEase Soars 5.09% on Wednesday After BofA Raises Price Target

Stock Track

2025/01/15

NetEase Inc.'s stock surged 5.09% in pre-market trading on Wednesday after Bank of America raised its price target on the Chinese gaming and internet company.

Analysts at BofA Securities lifted their price target on NetEase to $122 per share from $120, citing their bullish outlook on the company's growth prospects. The firm maintained its "Buy" rating on the stock.

BofA's price target increase reflects the growing investor confidence in NetEase's business fundamentals and future potential. The move comes as the company continues to expand its gaming and online services operations.

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