NetEase Investment Ratings and Target Price by Major Banks (Table)

AASTOCKS
2025.11.20 03:46

NetEase-S (09999.HK) will announce its third-quarter results for this year after the market closes today (20th). Benefiting from the strong momentum of the new servers for "Nirvana in Fire" on PC, the steady performance of "Nirvana in Fire" mobile game and "Yanyun Sixteen Sounds," as well as the good momentum of "Hearthstone" under seasonal warming, our website has compiled predictions from 11 brokerages that NetEase's non-GAAP net profit for the third quarter of 2025 is expected to be between RMB 9.299 billion and RMB 9.809 billion, compared to RMB 7.5 billion in the same period last year, an annual increase of 24% to 30.8%, with a median of RMB 9.45 billion, an annual increase of 26%.

Based on predictions from 5 brokerages, NetEase's net profit for the third quarter of 2025 is expected to be between RMB 8.495 billion and RMB 8.807 billion, compared to RMB 7.5 billion in the same period last year, an annual increase of 30% to 34.7%. The median is RMB 8.564 billion, an annual increase of 31%. Investors will focus on the latest operational guidance from NetEase's management, including the performance of "Nirvana in Fire" on PC and mobile, Blizzard games performance, including "StarCraft," "Diablo," "Hearthstone," and "World of Warcraft," updates on the release progress of "Ananta," as well as the number of cloud music subscriptions and competitive landscape, and pay attention to the benefits of AI in game development.

The table below lists the ratings and target prices for NetEase (09999.HK) H shares from 10 brokerages:

Broker │ Investment Rating │ Target Price

JP Morgan │ Overweight │ HKD 295

HSBC Global Research │ Buy │ HKD 289

CICC │ Outperform │ HKD 275

Daiwa │ Buy │ HKD 274

Goldman Sachs │ Buy │ HKD 252

CMB International │ Buy │ HKD 242

BOCI │ Buy │ HKD 240

CITIC International │ Outperform │ HKD 235.56

Bernstein │ Outperform │ HKD 225

BofA Securities │ Buy │ HKD 221

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The table below lists the ratings and target prices for NetEase (NTES.US) US shares from 16 brokerages:

Broker │ Investment Rating │ Target Price

UBS │ Buy │ USD 194

JP Morgan │ Overweight │ HKD 190

HSBC Global Research │ Buy │ USD 185

Morgan Stanley │ Overweight │ USD 170

Goldman Sachs │ Buy │ USD 161

Nomura │ Buy │ USD 160

CMB International │ Buy │ USD 160

Haitong International │ Outperform │ USD 160

Citi │ Buy │ USD 158

CMB International │ Buy │ USD 155

BOCI │ Buy │ USD 153

CITIC International │ Outperform │ USD 151

Bernstein │ Outperform │ USD 145

BofA Securities │ Buy │ USD 142

Citi │ Outperform │ USD 140

Barclays │ In line with the market │ USD 120

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