These Analysts Increase Their Forecasts On NetEase After Q3 Earnings

Core Insights - NetEase Inc reported mixed fiscal third-quarter results with a revenue increase of 8.2% year-on-year to $3.98 billion, which missed the analyst consensus estimate of $4.11 billion [1] - The adjusted EPADS of $2.07 exceeded the analyst consensus estimate of $1.88 [1] Company Performance - CEO William Ding highlighted the company's solid execution and healthy growth in China, emphasizing their innovation capabilities and exceptional gaming experiences [2] - NetEase shares gained 1% to $135.26 following the earnings announcement [2] Analyst Ratings and Price Targets - Benchmark analyst Fawne Jiang maintained a Buy rating on NetEase and raised the price target from $145 to $158 [5] - Barclays analyst Jiong Shao maintained an Equal-Weight rating and raised the price target from $120 to $135 [5]