Strength of Evergreen titles to continue; Raise TPs, reiterate Buy | NTES | 12m Price Target: $161.00 | Price: $152.80 | Upside: 5.4% | | --- | --- | --- | --- | | 9999.HK | 12m Price Target: HK$252.00 | Price: HK$236.40 | Upside: 6.6% | NetEase's share price has rallied 74% YTD and 19% post 2Q25 results recently, outperforming China's Internet sector. We believe the strength has been underpinned by a better than expected trend for Evergreen titles (led by FWJ) and likely accelerating sales growth into 3Q25 ...