0335 GMT - NetEase's online gaming revenue will likely recover this year, Nomura analysts say in a research note. The resumption of Blizzard-licensed titles and the release of new hit titles should support the Chinese company's gaming revenue in 2025. the analysts say. Nomura expects NetEase's deferred game revenue to resume growth in 1Q, after dropping 2.5% on quarter in 4Q likely due to seasonality and a high base. Meanwhile, the Nomura analysts think the NetEase stock can act as "an appealing portfolio stabilizer" during market volatility, as its online gaming business is unlikely to be affected by either macro weakness or geopolitical turmoil. Nomura keeps a buy call on NetEase's ADRs and raises its target price slightly to $124.00 from $123.00. Shares last closed at $103.22. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 23, 2025 22:35 ET (03:35 GMT)
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