NetEase's New Titles Likely to Support Revenue Growth -- Market Talk

Dow Jones

01-16

0811 GMT - Chinese gaming giant NetEase's new titles are likely to help revenue growth, Jefferies analysts say in a research note. The analysts view titles such as 'Marvel Rivals' and 'Where Winds Meet' as drivers of gaming revenue growth. Potential catalysts also include new games in its 2025 pipeline, they note. The analysts expect NetEase to embrace opportunities in personal computer games other than mobile titles in overseas markets in the future. Jefferies maintains a buy rating on NetEase, with a target price of its ADRs at $120.00. Its ADRs last traded at $103.92. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 16, 2025 03:11 ET (08:11 GMT)

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