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NetEase: Stock with strong potential thanks to market development and global expansion. Morgan Stanley analysis.
With the current geopolitical risks and weakening growth in China, there aren't many stocks that are defying these challenges as successfully as gaming company NetEase. According to a report by The Shareholder, investment bank Morgan Stanley is extremely optimistic for NetEase and sees a price potential of 50 percent. Morgan Stanley analyst Alex Poon recently examined NetEase stock and upgraded the rating to "Overweight" from "Buy." The price target was increased from $135 to $150. According to Poon, NetEase has almost tripled its market share in China over the past decade. He also sees potential in the global...
NetEase: Stock with strong potential thanks to market development and global expansion. Morgan Stanley analysis.
With the current geopolitical risks and weakening growth in China, there aren't many stocks that are defying these challenges as successfully as gaming company NetEase. According to a report by The Shareholder, investment bank Morgan Stanley is extremely optimistic for NetEase and sees a price potential of 50 percent.
Morgan Stanley analyst Alex Poon recently examined NetEase stock and upgraded the rating to "Overweight" from "Buy." The price target was increased from $135 to $150. According to Poon, NetEase has almost tripled its market share in China over the past decade. He also sees potential in the company's global expansion and the planned partnerships in the gaming industry.
NetEase shares are in a solid upward trend and are trading just under nine percent below their all-time high. With a current price-earnings ratio (P/E) of around 18, the company is attractively valued. However, the stock has already run quite hot, so some investors are waiting for a period of consolidation before investing.
NetEase is a member of the DER AKTIONÄR WANT Index and currently has the highest index weighting ahead of Alibaba, Weibo and Tencent. Investors can participate almost one-to-one in the development of the four companies with the index certificate WKN DA0AAZ.
These positive views from Morgan Stanley could impact the market for gaming companies. NetEase could benefit from global expansion and planned partnerships and further expand its market share. The company's higher valuation could also lead to higher demand for shares.
For consumers, this could mean that NetEase may develop even more attractive and popular games available on the market. In addition, the planned partnerships could also improve the gaming experience.
Overall, Morgan Stanley's report shows that NetEase has strong potential and could have a positive impact on the market, consumer and gaming industry.
Source: According to a report by The Shareholder, link
Read the source article at www.deraktionaer.de