On June 20, Gelunhui reported that Netease (NTES.US) pre-market trading rose 1.98% to $92.42. Goldman Sachs' report stated that it maintains a constructive attitude towards Netease. Its game FWJ has generated a persistent but controllable impact on second-quarter computer game revenue. FWJ is still undergoing structural transformation towards the new economy model, and its terminal value remains unchanged. It is believed that the market has absorbed the second quarter's softness, thus maintaining a "buy" rating on the stock and continuing to give it a target price of $125 for US stocks and HKD 196 for Hong Kong stocks.
美股异动丨网易盘前涨2% 高盛予其“买入”评级及目标价125美元
U.S. stock market anomaly | Netease pre-market rose 2%, Goldman Sachs gave it a "buy" rating with a target price of $125.
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