智通财经APP获悉，里昂发布研报称，上调网易云音乐(09899)评级至“高度确信跑赢大市”，目标价由165港元调升至200港元，认为集团的长期主题稳健，料未来3至5年的核心EBIT年复合增长率将达17至19%，上调2025至27年的经调整净利润预测7至19%。里昂指，云音乐去年下半年的利润令人惊喜，经调整EBIT同比增长119%，分别较市场及该行预测高出39%和30%。
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