Will NetEase Make It or Break It This Earnings Season?
Shares of NetEase (NASDAQ: NTES) have been on a tear this year thanks to a couple of strong earnings reports. Investors have been betting big time on the Chinese online and mobile gaming specialist given that it is one of the leading players in the booming Chinese video gaming industry, thanks to its tie-ups with the likes of Activision Blizzard and Microsoft.
Investors will be looking forward to another quarter of terrific growth from NetEase when the company reports its second-quarter fiscal 2017 results on Aug. 9. But can the gaming giant trump expectations once again? Let's find out.
Image source: NetEase.
Source: Fool.com
Netease Inc. ADR Stock
€85.50
-3.390%
Netease Inc. ADR is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
As a result the target price of 120 € shows a positive potential of 40.35% compared to the current price of 85.5 € for Netease Inc. ADR.
