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NetEase

NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).

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China approves 104 new video games in June, signaling a rebound for the country&#39;s gaming industry. NetEase&#39;s stock rises following the news.

What&#39;s Going On With Chinese Gaming Stock NetEase On Wednesday?

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NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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Take-Two Interactive Software (NASDAQ: TTWO) is expected to benefit from the continued expansion of its gaming portfolio.


Take-Two to Expand Portfolio With Upcoming Video Game

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Why NetEase Shares Are Trading Lower? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Intuit, Workday And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

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NetEase, Inc (NTES) reported Q1 2024 revenue of $3.72B, missing analyst estimate of $3.79B. Adjusted EPADS beat at $1.81. Stock price slid after results.

NetEase&#39;s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music

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VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

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Discover the controversy surrounding Marvel Rivals as a streamer exposes a contract clause stifling negative reviews.

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	CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports
	CMGE’s shares rose 3.2% on the news and have rallied 30% in the past week on renewed investors interest in the gaming sector after a prolonged crackdown that is now easing




CMGE Turns Its Game To e-Sports With New Tie-Up

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares

NetEase Inc

Across the recent three months, 7 analysts have shared their insights on NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for NetEase, revealing an average target of $113.57, a high estimate of $145.00, and a low estimate of $100.00. This current average has decreased by 6.53% from the previous average price target of $121.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1720180815_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive NetEase. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$104.00</td>
<td>-</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ritchie Sun</td>
<td>HSBC</td>
<td>Lowers</td>
<td>Buy</td>
<td>$126.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to NetEase. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NetEase compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for NetEase's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of NetEase's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NTES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetEase analyst ratings.</a>
<h2>Delving into NetEase's Background</h2>
NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).
<h3>Unraveling the Financial Story of NetEase</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: NetEase's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 7.21%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: NetEase's net margin is impressive, surpassing industry averages. With a net margin of 28.43%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): NetEase's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.07%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): NetEase's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.01% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: NetEase's debt-to-equity ratio is below the industry average. With a ratio of 0.2, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Have This To Say About NetEase

Morgan Stanley analyst Alex Poon maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Equal-Weight and maintains $100 price target.

Price Target

Morgan Stanley Maintains Equal-Weight on NetEase, Maintains $100 Price Target

Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) have received approval from China for 104 new video games this month, marking a positive shift for the country&#8217;s gaming industry.
SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3268024/tencents-roco-kingdom-world-among-104-new-video-games-approved-beijing-june" rel="noreferrer noopener">reports</a> that the National Press and Publication Administration (NPPA) approved Tencent&#8217;s online role-playing game Roco Kingdom: World and Alibaba&#8217;s Ruyuan from its Lingxi Games studio.
The update boosted Chinese gaming company NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) stock.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38984583/neteases-q1-earnings-gaming-giant-shows-resilience-with-growth-in-cash-flow-and-cloud-music" rel="noreferrer noopener">NetEase&#8217;s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music</a>
This month&#8217;s approvals reflect a rebound for the gaming industry. After fewer than 100 titles were approved in April and May, more than 100 new titles were approved each month in the first quarter.
According to market intelligence company CNG, China&#8217;s video gaming market saw its first-quarter revenue rise by 7.6% year-on-year to 72.6 billion yuan ($10 billion).
The <a target="_blank" href="https://www.benzinga.com/markets/asia/24/01/36745444/why-are-tencent-and-netease-shares-up-today-hint-it-has-to-do-with-chinese-goverment-gaming-regulati" rel="noreferrer noopener">market has been recovering</a> since April 2022, when Beijing resumed licensing video games after an eight-month freeze. In January, the NPPA retracted a draft proposal to cap user spending in games and ban excessive rewards.
<a target="_blank" href="https://www.benzinga.com/markets/asia/23/12/36366760/tencent-responds-to-chinas-crackdown-on-video-gaming-doesnt-anticipate-changes" rel="noreferrer noopener">China&#8217;s unexpected gaming</a> regulations caused a market dip of $80 billion, with Tencent&#8217;s value dropping by $54 billion.
Price Action: NTES shares traded higher by 2.91% at $95.75 at&nbsp;the last check on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38791739/huya-beats-revenue-estimates-in-q1-yet-faces-challenges-in-game-streaming-sector" rel="noreferrer noopener">HUYA Beats Revenue Estimates in Q1, Yet Faces Challenges in Game Streaming Sector</a>

What's Going On With Chinese Gaming Stock NetEase On Wednesday?

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.
Shares of NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) fell sharply in today's pre-market trading after the company announced <a href="https://www.benzinga.com/news/24/06/39367264/nextera-energy-stock-is-falling-monday-whats-going-on">plans to sell equity units.</a>
After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due June 1, 2029. Each unit will be issued for $50.
AMC Networks shares dipped 7.6% to $66.81 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Veris Residential, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRE#NYSE">VRE</a>) shares dipped 7.8% to $14.00 in pre-market trading after reporting a 10.5 million share offering.</li>
<li>UroGen Pharma Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) shares fell 4% to $17.55 in pre-market trading as the company reported pricing of public offering of ordinary shares and pre-funded warrants.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 3.5% to $9.05 in pre-market trading after falling over 5% on Monday.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) fell 3.1% to $151.79 in pre-market trading after reporting quarterly results.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) fell 3.1% to $89.66 in pre-market trading.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) shares slipped 3% to $9.09 in pre-market trading.</li>
<li>Takeda Pharmaceutical Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) shares fell 2.8% to $12.80 in pre-market trading.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

In the last three months, 5 analysts have published ratings on NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $119.0, a high estimate of $145.00, and a low estimate of $100.00. Experiencing a 10.02% decline, the current average is now lower than the previous average price target of $132.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1718290814_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of NetEase among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$104.00</td>
<td>-</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ritchie Sun</td>
<td>HSBC</td>
<td>Lowers</td>
<td>Buy</td>
<td>$126.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NetEase. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of NetEase compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of NetEase's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of NetEase's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NTES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetEase analyst ratings.</a>
<h2>Discovering NetEase: A Closer Look</h2>
NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).
<h3>Understanding the Numbers: NetEase's Finances</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining NetEase's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.21% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: NetEase's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 28.43%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.07%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): NetEase's ROA stands out, surpassing industry averages. With an impressive ROA of 4.01%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.2.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

5 Analysts Assess NetEase: What You Need To Know

Barclays analyst Jiong Shao initiates coverage on NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Equal-Weight rating and announces Price Target of $104.

Initiation

Barclays Initiates Coverage On NetEase with Equal-Weight Rating, Announces Price Target of $104

Take-Two Interactive Software (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) is expected to benefit from the continued expansion of its gaming portfolio. 
Take-Two plans to launch 16 games in the current year. The company aims to innovate and offer some fresh and exciting games for gamers to enjoy. This plan would further solidify its gaming portfolio and boost its net bookings. 
The Zacks Consensus Estimate for TTWO&#39;s fiscal 2025 total net bookings is pegged at $6.12 billion, indicating year-over-year growth of 14.9%. The Zacks Consensus Estimate for TTWO&#39;s fiscal 2025 revenues is pegged at $5.64 billion, indicating year-over-year growth of 5.64%. 
The company expects net bookings for fiscal 2025 between $5.55 billion and $5.65 billion. Revenues for fiscal 2025 are expected in the band of $5.57-$5.67 billion. 
The company has launched the trailer for Game of Thrones: Legends, a high-profile RPG puzzle game under its wholly-owned private label, Zynga Inc. It is set to launch globally on Jul 25, 2024. 
To mark this upcoming release, pre-registration is now open on both the App Store and Google Play, with special in-game rewards available for players who complete the game&#39;s first chapter within the first seven days of its launch. The game features epic puzzle battles combined with deck building, deep lore and strategic gameplay. 
Officially licensed by Warner Bros. Discovery&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) Interactive Entertainment on behalf of HBO, Game of Thrones: Legends will include characters and content from both the Game of Thrones series and House of the Dragon. 
In this game, players will lead their own Westeros house, developing their strategies and skills as they assemble a team of champions, equip them with weapons and gear and face formidable enemies from the Game of Thrones universe.
<div class="chart_embed">
<h3>Take-Two Interactive Software, Inc. Price and Consensus</h3>
<img alt="Take-Two Interactive Software, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/c9/1718116596.png" style="height:281px; width:620px" title="" />
Take-Two Interactive Software, Inc. price-consensus-chart | Take-Two Interactive Software, Inc. Quote
</div>
<h3>Take-Two&#39;s Upcoming Games to Aid Long-Term Prospects</h3>
Take-Two is preparing for several major game releases in fiscal 2025. The company&#39;s immersive core, known for its extensive gameplay and abundant content, will see the launch of NBA 2K25 and WWE 2K25 in fiscal 2025. Additionally, the highly anticipated release of Grand Theft Auto VI has been rescheduled for Fall 2025. Earlier this year, the company also released Top Spin 2K25. 
From its Private Division, an independent title called Tales of Shire: The Lord of The Rings Game is set to be launched in the current year. The company has already released No Rest for the Wicked earlier this year. 
In the mobile gaming sector, Zynga, a publishing label under Take-Two, is set to globally launch Game of Thrones: Legends in fiscal 2025. Earlier this year, NFL 2K Playmakers was also released. These upcoming games are expected to significantly enhance the company&#39;s long-term growth and success. 
Shares of the company have lost 0.3% in the year-to-date period compared with the Zacks Consumer &amp; Discretionary sector&#39;s decline of 2.2% due to the anticipation of upcoming games. 
This Zacks Rank #5 (Strong Sell) faces tough competition from companies like NetEase (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntes#NASDAQ">NTES</a>) and Electronic Arts (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>).
According to a report by CSIMarket, NetEase holds a market share of 5.58%, followed by Electronics Arts with 3.05% and Take-Two with 2.15%. 
Take-Two&#39;s legacy franchises, such as GTA and Red Dead Redemption, remain its top contributors. Alongside new game releases, these established titles are anticipated to help the company stay competitive in the near future.
<a href="https://www.zacks.com/stock/news/2286797/take-two-ttwo-to-expand-portfolio-with-upcoming-video-game?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2286797">To read this article on Zacks.com click here.</a>

WIIM

NetEase shares are trading lower after the company on Thursday reported worse-than-expected Q1 revenue.

Shares of NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) fell during Friday's session after the company reported <a href="https://www.benzinga.com/quote/NTES/earnings">worse-than-expected first-quarter revenue.</a>
NetEase reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player&#8217;s adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
NetEase shares declined 4% to $91.02 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) shares climbed 101% to $4.81. The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing.</li>
<li>OneMedNet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) gained 75.2% to $2.58. OneMedNet shares jumped 208% on Thursday after the company highlighted a &#8216;five-fold expansion&#8217; of its iRWD network and platform.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) jumped 66% to $0.3096.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) rose 62.7% to $0.2846 after jumping 15% on Thursday.</li>
<li>Better Choice Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTTR#NYSE">BTTR</a>) shares gained 44.4% to $5.94.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) jumped 36% to $2.66.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) gained 31% to $3.62.</li>
<li>Innovative Solutions and Support, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISSC#NASDAQ">ISSC</a>) jumped 30.3% to $6.50.</li>
<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) gained 30% to $57.26 after the company announced the publication of an abstract regarding petosemtamab in combination with pembrolizumab on the 2024 ASCO Annual Meeting website.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) gained 25% to $0.66.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) shares gained 23% to $3.0886. The company, earlier during the week, reported first-quarter financial results.</li>
<li>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) gained 21% to $1.8040</li>
<li>Cue Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) gained 21% to $0.1143 after falling around 12% on Thursday. Cue Health, last week, announced that it voluntarily and temporarily paused sales and distribution of its EUA COVID-19 Test Cartridge.</li>
<li>LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) rose 16.7% to $0.3499. LuxUrban Hotels announced closing of public offering of securities.</li>
<li>Alpha Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) gained 16% to $4.20.</li>
<li>Biora Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOR#NASDAQ">BIOR</a>) gained 12.6% to $0.56 after tumbling 28% on Thursday.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) gained 12.3% to $12.43. B of A Securities analyst Omar Dessouky upgraded Magnite from Neutral to Buy and raised the price target from $13 to $15.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) surged 11.8% to $8.48 after the company announced a collaboration with Wyoming Hyperscale to supply 100 megawatts of clean power to a data center campus.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) gained 11.6% to $1,009.99 after the company reported better-than-expected quarterly financial results.</li>
<li>Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) rose 8.2% to $142.68 after the company reported better-than-expected earnings for its first quarter and increased its profit forecast for the year.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Verastem, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTM#NASDAQ">VSTM</a>) shares fell 62.5% to $4.5650. The company announced that it initiated the rolling submission of a NDA to the FDA for accelerated approval of the combination of avutometinib and defactinib for adult patients with recurrent KRAS mutant low-grade serous ovarian cancer.</li>
<li>Sensei Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNSE#NASDAQ">SNSE</a>) fell 48.8% to $0.7502. Sensei Biotherapeutics presented clinical data from Phase 1 dose escalation study of SNS-101.</li>
<li>Genelux Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLX#NASDAQ">GNLX</a>) fell 43.7% to $2.5900 after the company reported pricing of approximately $27.5 million underwritten offering of common stock and accompanying warrants.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) dipped 32.6% to $0.1733.</li>
<li>Ascent Solar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) fell 30% to $0.15.</li>
<li>TriSalus Life Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLSI#NASDAQ">TLSI</a>) declined 28.7% to $6.80. TriSalus Life Sciences announced commencement of exchange offer and consent solicitation relating to warrants.</li>
<li>Solowin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIN#NASDAQ">SWIN</a>) dipped 27.5% to $4.4915.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares fell 23.7% to $0.1850 after jumping 61% on Thursday.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) dipped 21.1% to $0.3489. Exicure received Nasdaq delisting determination notice.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares fell 20.7% to $3.4250.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) fell 19.2% to $0.1620.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dipped 18.2% to $0.6464 after the company reported preliminary FY24 consolidated revenue of approximately $1.567 billion.</li>
<li>Kronos Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>) fell 17.7% to $0.7986.</li>
<li>Candel Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>) dipped 15.3% to $9.06.</li>
<li>Lilium N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) fell 15% to $0.9031 after the company announced pricing of $114 million in financing.</li>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares fell 12.8% to $0.1830 after dipping 33% on Thursday. Akoustis recently announced a $10 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Immunocore Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCR#NASDAQ">IMCR</a>) dipped 12.5% to $42.00. Needham analyst Gil Blum reiterated Immunocore with a Buy and maintained a price target of $81.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares declined 12.3% to $228.83. Workday posted upbeat earnings for its first quarter. However, the company lowered its forward guidance and now sees second-quarter subscription revenue of $1.895 billion and fiscal-year subscription revenue of between $7.7 billion and $7.725 billion.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GYRE#NASDAQ">GYRE</a>) fell 11.5% to $11.16.</li>
<li>Roadzen Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) fell 8.1% to $3.54.</li>
<li>Murano Global Investments Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNO#NASDAQ">MRNO</a>) dipped 7.6% to $11.06.</li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares fell 7.5% to $612.27. Intuit posted better-than-expected earnings for its third quarter and boosted its full-year outlook. However, the company issued weak earnings guidance for the current quarter.</li>
<li>Endava plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) fell 5.3% to $29.34. Needham analyst Mayank Tandon maintained Endava with a Buy and lowered the price target from $50 to $42, while TD Cowen analyst Bryan Bergin cut the price target from $46 to $42.</li>
</ul>
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Why NetEase Shares Are Trading Lower? Here Are Other Stocks Moving In Friday's Mid-Day Session

Analysts' ratings for NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $122.75, a high estimate of $145.00, and a low estimate of $100.00. A decline of 7.18% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1716562815_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of NetEase among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ritchie Sun</td>
<td>HSBC</td>
<td>Lowers</td>
<td>Buy</td>
<td>$126.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Poon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to NetEase. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NetEase compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for NetEase's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into NetEase's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NTES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetEase analyst ratings.</a>
<h2>All You Need to Know About NetEase</h2>
NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).
<h3>Financial Insights: NetEase</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: NetEase's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 7.04%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: NetEase's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 24.25% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): NetEase's ROE excels beyond industry benchmarks, reaching 5.39%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): NetEase's ROA stands out, surpassing industry averages. With an impressive ROA of 3.68%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: NetEase's debt-to-equity ratio is below the industry average at 0.16, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring NetEase Through Analyst Insights

Benchmark analyst Fawne Jiang maintains NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) with a Buy and raises the price target from $144 to $145.

Benchmark Maintains Buy on NetEase, Raises Price Target to $145

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Friday.
Shares of Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/05/38994477/intuit-q3-earnings-eps-beat-revenue-beat-guidance-bump-ai-momentum-and-more">third-quarter results</a>.
Intuit posted better-than-expected earnings for its third quarter and boosted its full-year outlook. However, the company issued weak earnings guidance for the current quarter.
Intuit's third-quarter revenue increased 12% year-over-year to $6.737 billion, beating the <a href="https://www.benzinga.com/calendars/earnings">consensus estimate</a> of $6.647 billion. The financial technology platform company reported adjusted earnings of $9.88 per share, beating analyst estimates of $9.37 per share, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks">Benzinga Pro</a>.
Intuit shares declined 6.3% to $620.82 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares dipped 21.2% to $3.40 in pre-market trading.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares fell 12.4% to $228.48 in pre-market trading. Workday posted upbeat earnings for its first quarter. However, the company lowered its forward guidance and now sees second-quarter subscription revenue of $1.895 billion and fiscal-year subscription revenue of between $7.7 billion and $7.725 billion.</li>
<li>Cognyte Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) shares declined 6.9% to $6.94 in pre-market trading.</li>
<li>Genmab A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMAB#NASDAQ">GMAB</a>) shares fell 4.5% to $28.01 in pre-market trading.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares declined 3.7% to $91.15 in pre-market trading after the company reported worse-than-expected first-quarter revenue.</li>
<li>Lithium Americas (Argentina) Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAAC#NYSE">LAAC</a>) shares fell 2.4% to $4.58 in pre-market trading.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares slipped 2.3% to $124.72 in pre-market trading.</li>
</ul>
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Intuit, Workday And Other Big Stocks Moving Lower In Friday's Pre-Market Session

NetEase, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>)&nbsp;reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9&nbsp;billion Chinese yuan), missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38979995/netease-announces-first-quarter-2024-unaudited-financial-results" rel="noreferrer noopener">analyst consensus estimate of $3.79 billion</a>.
The Chinese gaming&nbsp;player's&nbsp;adjusted EPADS of $1.81 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.79</a>.
Segments and margins:&nbsp;Games and related value-added services revenues grew 7.0%&nbsp;year over year&nbsp;to $3.0 billion.&nbsp;The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in revenue contribution from different platforms and revenues from&nbsp;NetEase's&nbsp;self-developed games.
Youdao,&nbsp;Inc.'s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>)&nbsp;revenue climbed by 19.7%&nbsp;year over year&nbsp;to $192.8 million,&nbsp;but&nbsp;the corresponding gross margin declined by 270 bps to 49.0%, mainly due to increased revenue contribution from its online marketing services.
Cloud&nbsp;Music's&nbsp;revenues were $281.1 million, up&nbsp;3.6% year over year, and its gross margin expanded by 1,560 bps to 38.0%.
Innovative businesses and other revenue grew by 6.1%&nbsp;year over year&nbsp;to $272.8 million, and the gross margin increased by 800 bps to 33.4% due to improved gross profit&nbsp;margins&nbsp;from Yanxuan and several other businesses included within the segment.
As&nbsp;of March 31, 2024, NetEase held $15.7 billion in cash and equivalents and generated $1.3 billion in operating cash flow.
Dividend:&nbsp;The board of directors has approved a dividend of&nbsp;$0.4950&nbsp;per ADS&nbsp;for the first quarter of 2024.
"With a portfolio featuring premium-quality games and more&nbsp;diversification across genres, we are well-positioned to extend our exciting gaming experiences to audiences around the globe,"&nbsp;said Mr.&nbsp;William Ding, Chief Executive Officer and Director of NetEase.
NetEase stock gained over 17% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;VanEck Video Gaming And&nbsp;ESports&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPO#NASDAQ">ESPO</a>) and&nbsp;Global X Video Games &amp; Esports ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HERO#NASDAQ">HERO</a>).
Price Action:&nbsp;NTES shares traded lower by 3.62% at $94.80 premarket at&nbsp;the last check Thursday.

NetEase's Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music

<h3>Gainers</h3>
<ul>
<li>Millicom Intl Cellular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>) stock increased by 9.1% to $25.73 during Thursday's pre-market session. The market value of their outstanding shares is at $4.4 billion. </li>
<li>PropertyGuru Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRU#NYSE">PGRU</a>) stock rose 8.26% to $4.98. The market value of their outstanding shares is at $816.4 million. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>Gamer Pakistan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) shares increased by 8.24% to $0.24. The company's market cap stands at $6.0 million. </li>
<li>News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) shares rose 5.43% to $27.36. The company's market cap stands at $15.5 billion. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) stock increased by 5.43% to $1.94. The market value of their outstanding shares is at $5.1 million. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) shares increased by 5.37% to $1.02. The company's market cap stands at $5.2 million. As per the press release, Q1 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares fell 10.3% to $0.85 during Thursday's pre-market session. The company's market cap stands at $28.1 million. </li>
<li>ZW Data Action Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) stock fell 9.69% to $0.75. The market value of their outstanding shares is at $5.4 million. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares fell 9.1% to $1.1. The market value of their outstanding shares is at $7.1 million. </li>
<li>NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) stock fell 7.38% to $91.11. The market value of their outstanding shares is at $58.7 billion. As per the press release, Q1 earnings came out today. </li>
<li>Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) stock fell 6.32% to $95.0. The company's market cap stands at $21.9 billion. </li>
<li>BuzzFeed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) stock fell 4.66% to $2.87. The company's market cap stands at $105.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BZFD

CNET

GPAK

Eaton Vance Massachusetts Municipal Income Trust

ONFO

PGRU

SOPA

TIGO

12 Communication Services Stocks Moving In Thursday's Pre-Market Session

Major U.S. index futures jumped early Thursday as Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/news/earnings/24/05/38974130/nvidia-reports-beat-and-raise-q1-announces-150-dividend-hike-10-for-1-stock-split">earnings provided a shot in the arm for the market.</a> A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official&#8217;s speech could also affect the day&#8217;s trading. Given the confounding rate outlook, the focus is likely to be squarely on these numbers to understand their implications for the Fed funds rate. A market strategist pointed to historical seasonal strength around May-end through early July.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.95%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.59%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.14%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.18%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.56% to $532.82 and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) traded up 0.91% at $459.95 according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session
U.S. stocks ended Wednesday&#8217;s session weaker, dragged by the minutes of the May Federal Open Market Committee meeting that suggested the central bank is resigned to the idea of staying &#8220;higher for longer.&#8221; As rate-cut bets unraveled, bond yields nudged up, creating additional selling pressure. Investors also preferred to remain cautious ahead of Nvidia&#8217;s earnings.
The averages opened on a narrowly mixed note and hugged the unchanged line until the afternoon. After declining sharply following the release of the minutes, they made good some of their losses by late trading and yet ended lower for the day.
Barring healthcare, industrial, and IT stocks, all other S&amp;P 500 sector classes ended in the red.
The major indices all settled off their all-time highs, although the Nasdaq Composite managed to hit an intraday high.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.18%</td>
<td>16,801.54</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.27%</td>
<td> 5,307.01</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.51%</td>
<td>39,671.04</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.79%</td>
<td>2,081.71</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
Carson Group&#8217;s Ryan Detrick on Wednesday shared a chart to suggest the market could go another leg up in the near term. Citing historical data, the strategist said, &#8220;The last week or so of May and early June tends to be a bullish time for stocks historically,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The last week or so of May and early June tends to be a bullish time for stocks historically. <a href="https://t.co/GSfxuyrEaV">pic.twitter.com/GSfxuyrEaV</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1793272553680638202?ref_src=twsrc%5Etfw">May 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">While the market is cheering each piece of weak data, in the hope that it would prompt the Fed to lean toward a rate cut, too much bad news will ultimately be bad for the market, said Morgan Stanley&#8217;s Lisa Shalett. &#8220;History suggests that too much bad news eventually becomes just that — bad news — and investors risk being caught unprepared when the tide turns,&#8221; she said.</figcaption></figure>
&#8220;Our current focus is on U.S. consumers, whose spending powers more than two-thirds of the national economy. Data here paints an increasingly fragile backdrop,&#8221; she said, citing the recent sub-par University of Michigan consumer sentiment reading and weak April retail sales data.
Shalett mentioned the following as better bets during the fluid environment:
<ul>
<li> Companies with high-quality cash flows and achievable earnings targets.</li>
<li> investment-grade credit and a form of &#8220;insurance&#8221; via options on the VIX or puts on the S&amp;P 500</li>
<li>international equities and real assets, such as gold, real estate investment trusts, master limited partnerships, and commodities</li>
</ul>
Upcoming Economic Data:
<ul>
<li>The Labor Department is due to release its customary weekly jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 220,000 for the week ended May 18, down slightly from 222,000 in the previous week.</li>
<li>S&amp;P Global will release its flash U.S. manufacturing and services purchasing managers&#8217; indices for May at 9:45 a.m. EDT. The consensus estimates call for the flash manufacturing PMI to remain unchanged at 50, a level that demarcates expansion and contraction, and the services PMI to edge up from 51.3 in April to 51.6 in May.</li>
<li>A Commerce Department report due at 10 a.m. EDT is expected to show new home sales coming in at a seasonally adjusted annual rate of 675,000 in April, down from the March reading of 693,000.</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 10-year TIPS at 1 p.m. EDT.</li>
<li>Atlanta Fed President Raphael Bostic is scheduled to speak at 3 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Nvidia rallied over 6.6% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following its beat-and-raise quarter and copious shareholder returns. </li>
<li>Other stocks moving on earnings are Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) (over 3%), V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) (down over 14.50%) and Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) (up over 10%).</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>), NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) and Weibo Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>), Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), Shoe Carnival, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) are among the other <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting before the market opens.</a></li>
<li>Those reporting after the close include Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>), Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) and Lions Gate Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>).</li>
<li>News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) rallied over 7% on the news of an OpenAI partnership.</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures snapped a three-session losing streak and rose solidly, while gold futures pulled further back below the $2,400 level. The U.S. 10-year note yield fell 1.2 basis points to 4.422% and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) retreated below the $70,000 mark.
In Asia, Chinese and Hong Kong stocks fell sharply following recent gains, orchestrated by hopes of stimulus measures. The Australian and South Korean markets experienced more modest weakness, while most other major markets rallied, led by Japan.
European stocks saw tentative gains in early trading following the sharp pullback in the previous two sessions.
Read Next: <a href="https://www.benzinga.com/government/24/05/38978431/most-americans-think-economy-is-in-recession-under-biden-despite-hard-data-telling-different-story-w">Most Americans Think Economy Is In Recession Under Biden Despite Hard Data Telling Different Story: &#8216;We&#8217;re Not Feeling It Where I Live&#8217;</a>
Image via Shutterstock

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Thursday.
Shares of V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) fell sharply in today's pre-market trading following worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/05/38974358/vans-the-north-face-parent-v-f-corporation-shares-drop-after-worse-than-expected-q4-results">fourth-quarter financial results.</a>
VF Corp. reported quarterly losses of 32 cents per share which missed the analyst consensus estimate of earnings of 1 cent per share. Quarterly sales came in at $2.37 billion which missed the analyst consensus estimate of $2.41 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company appointed Paul Vogel as CFO, effective July 8, 2024.
V.F. Corporation shares tumbled 15.2% to $10.46 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Cytokinetics, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) shares dipped 14.7% to $50.55 in pre-market trading. Cytokinetics priced its public offering of 9,803,922 common stock at $51 per share.</li>
<li>Solowin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIN#NASDAQ">SWIN</a>) shares fell 8.7% to $36.01 in pre-market trading after gaining around 5% on Wednesday.</li>
<li>National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>) shares fell 8.3% to $66.05 in pre-market trading.</li>
<li>Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) shares declined 6.3% to $95.01 in pre-market trading. The U.S. Department of Justice will announce antitrust action against Live Nation as soon as Thursday, according to Washington Post.</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) shares fell 6.3% to $51.75 in pre-market trading. GlobalFoundries announced pricing of $950 million secondary offering of ordinary shares, including concurrent $200 million share repurchase.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) shares fell 5.8% to $16.00 in pre-market trading after the company announced a private offering of $250 million green convertible senior notes due 2029 to qualified institutional buyers.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares fell 4.6% to $93.85 in pre-market trading after the company reported worse-than-expected first-quarter revenue.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38978558/bjs-wholesale-club-likely-to-report-lower-q1-earnings-here-are-the-recent-forecast-changes-from-wal">BJ&#8217;s Wholesale Club Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Morgan Stanley analyst Alex Poon downgrades NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) from Overweight to Equal-Weight and lowers the price target from $120 to $100.

Downgrades

Morgan Stanley Downgrades NetEase to Equal-Weight, Lowers Price Target to $100

NetEase shares are trading lower after the company reported worse-than-expected Q1 revenue.

NetEase Q1 Adj EPADS $1.81 Beats $1.79 Estimate, Sales $3.72B Miss $3.79B Estimate

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Chinese <a href="https://investorplace.com/industries/technology/">tech stocks</a> are a cohort that has been shunned by many investors. Many of these investors have been hurt buying the dip. More descriptively, they were hurt by reaching out to catch the falling knife). Undoubtedly, truly beaten-down Chinese internet stocks may struggle to sustain an explosive rally that brings forth new highs. Chinese internet stocks have lost more than 70% of their value from all-time highs,



The path behind doesn&rsquo;t quite matter as much for investors as the path that could lie ahead. This is true given potential catalysts unique to specific Chinese firms. You should also consider the magnitude of growth that could be in the cards if China&rsquo;s economy can power higher again.



Economic contractions happen every now and often. Particularly nasty ones may cause investors to give up on entire geographies or asset classes. Think abouthow many people ditched cryptocurrencies during the great bust of 2022? 



If Chinese stocks appeal to you and you&rsquo;re willing to take heightened risks, perhaps the following Chinese tech stocks are worth considering. These are beginning showing signs of life.



<h2>JD.com (JD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/jd1600-300x169.png" alt="JD.com is a Chinese e-commerce company. Smartphone with JD.com logo on the screen, shopping cart and laptop. JD stock"><div>Source: Sergei Elagin / Shutterstock.com</div></div>JD.com (NASDAQ:<a href="https://investorplace.com/stock-quotes/jd-stock-quote/">JD</a>) is a Chinese e-commerce firm that&rsquo;s seen sales growth really stall in recent years. At writing, the stock is still down over 71% from its 2021 all-time high north of $106.



The company&rsquo;s first quarter of 2024 <a href="https://www.bnnbloomberg.ca/jd-com-sales-quicken-after-dangling-perks-to-woo-china-shoppers-1.2073808">saw progress in sales growth</a>, up 7%, and profitability. However, the firm isn&rsquo;t close to being out of the woods. Margins are taking a hit from investments in operations and forward-looking technologies as a ton of goods hit the digital discount racks.



Furthermore, it&rsquo;s not going to be easy to navigate a harsh economic climate while fending off strengthening rivals. The most notable rival is PDD Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/pdd-stock-quote/">PDD</a>), the firm behind Temu.



In any case, I do think so much negativity has already been priced into JD stock already. The stock goes for just 13.48 times trailing price-to-earnings (P/E). That&rsquo;s too low of a price for a firm that could gain should things go right for a change.



<h2>NetEase (NTES)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/ntes-stock-1-300x169.jpg" alt="netease (NTES) logo on a mobile phone screen representing earnings reports"><div>Source: IgorGolovniov / Shutterstock.com</div></div>NetEase (NASDAQ:<a href="https://investorplace.com/stock-quotes/ntes-stock-quote/">NTES</a>) is a video gaming firm that&rsquo;s a must-own for investors looking for exposure to the fast-growing mobile gaming market. In China, mobile gaming is big, and such gamers are ready to spend big bucks on everything from in-game cosmetics (or skins) to loot boxes. 



At writing, NTES stock is fresh off a nasty fall, now down around 17% from its past-month high of $106 and change. Indeed, quarterly results may have missed the mark, but that&rsquo;s no reason to give up on the firm as it readies for new games and expansion packs. 



The company&rsquo;s latest <a href="https://ir.netease.com/news-releases/news-release-details/netease-showcases-latest-game-advancements-2024-annual-product">2024 annual product launch</a> event was packed. I have no doubt that such a robust pipeline of content will incentivize many gamers to open up their wallets.



Of course, the gaming market is fiercely competitive. There are so many must-play titles and so little time to enjoy them all to their fullest. At just 13.54 times trailing P/E, NTES stock stands out as one of the cheapest gaming plays on the planet. With this consistency you can see why this is one of the top Chinese tech stocks. 



<h2>Baidu (BIDU)</h2>



<a href="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png" alt='An image of a laptop on a table with the screen showing the red and blue logo for Chinese Internet company "Baidu", with the background being blurred.'></a>Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>) is a Chinese internet juggernaut that&rsquo;s been &ldquo;dead money&rdquo; since its short-lived spike back in late 2020 and early 2021. Since the bubbly move collapsed, it hasn&rsquo;t been all too rewarding to be a shareholder in BIDU stock. Just because the five-year chart is unimpressive, though, doesn&rsquo;t mean Baidu is a name to count out, especially while it&rsquo;s trading for just 14.68 times trailing P/E.



Recently, the stock sunk to fresh 52-week lows below $95 per share. The company is cutting prices on its cloud services, just like fellow Chinese tech titan Alibaba (NASDAQ:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>). Lower cloud prices are the last thing Baidu needed with sluggish advertising revenues recently posted in its recent first quarter. Still, if Alibaba makes a drastic move, all rivals must follow, or sales could dry up rapidly.



On the plus side, Baidu is betting big on its generative AI model, Ernie. Management is <a href="https://sg.news.yahoo.com/chinas-baidu-beats-quarterly-revenue-090519406.html">&ldquo;confident&rdquo;</a> that AI will be a meaningful driver of earnings over the longer term. 



As the chatbot scene gets crowded, though, it&rsquo;s tough to see how Baidu can differentiate itself. Either way, BIDU stock&rsquo;s admission price is so low that investors should watch the name closely if they seek <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> going for cheaper than most &ldquo;boring&rdquo; value plays in the U.S. If you are looking for the top Chinese tech stocks, start with this one. 



On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-chinese-tech-stocks-that-are-finally-ready-to-surge/">3 Chinese Tech Stocks That Are Finally Ready to Surge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Chinese Tech Stocks That Are Finally Ready to Surge

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The best Chinese stocks are in prime position for a rebound later this year.



Ray Dalio, the billionaire behind the world&rsquo;s largest hedge fund, recently discussed the attractiveness of Chinese stocks amidst market uncertainty. <a href="https://seekingalpha.com/news/4113224-billionaire-ray-dalio-flags-potential-us-election-fallout-among-global-investing-risks?source=content_type%3Anews%7Csection%3Asearch_bar%7Csection_asset%3Asearch-advanced%7Csearch_item%3ABillionaire%20Ray%20Dalio%20flags%20potential%20U.S.%20election%20fallout%20among%20global%20investing%20risks%7Crow_num%3A2%7CURL_first_level%3Asearch%7Ctopic%3Anews">Dalio advocates</a> for diversification into Chinese stocks and highlights how the upcoming presidential election presents a major risk for the U.S. market.



With that in mind, here&rsquo;s a list of three of the most attractively priced Chinese stocks to buy, offering tremendous upside potential. Taking it from Dalio, the strategic shift towards buying the best Chinese stocks offers a significant opportunity to expand and balance your investment portfolios.



<h2>Alibaba (BABA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/baba1600-300x169.jpg" alt="Alibaba Group headquarters sign located in Hangzhou China BABA stock."><div>Source: Kevin Chen Photography / Shutterstock.com</div></div>Alibaba (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>) has been dead money in the past few years, with multiple headwinds weighing down its business. However, the trailblazer in eCommerce and cloud computing is in for a major rebound, as it starts posting robust quarterly results again. Wall Street analysts also concur, assigning a <a href="https://www.tipranks.com/stocks/baba/forecast">&ldquo;buy&rdquo; rating to the stock</a>, offering a 33% upside from current prices.



BABA released its Q4 results last month, showing it is back on the growth track. <a href="https://seekingalpha.com/pr/19723781-alibaba-group-announces-march-quarter-2024-and-fiscal-year-2024-results?hasComeFromMpArticle=false&amp;source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews">Revenues jumped 7% to $30.7 billion</a>, beating estimates by a healthy $310 million. Moreover, its investments in Alibaba Cloud and eCommerce led to double-digit growth in its gross merchandise value. What was most heartening was the strong single-digit growth in its core eCommerce business despite a weak Chinese retail environment.



The star of the show was Alibaba Cloud division, which posted a strong 3% increase in sales to $3.5 billion. These results were linked to the triple-digit growth in AI-related sales, which boosted overall cloud sales in the robust public cloud sector.



<h2>NetEase (NTES)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/ntes-stock-1-300x169.jpg" alt="netease (NTES) logo on a mobile phone screen representing earnings reports"><div>Source: IgorGolovniov / Shutterstock.com</div></div>NetEase (NASDAQ:<a href="https://investorplace.com/stock-quotes/ntes-stock-quote/">NTES</a>) is a leading Chinese mobile gaming company with a revenue base exceeding $14.5 billion.



Despite its relatively strong top-line performance and robust bottom-line position, NTES stock has fallen out of favor with investors. Nevertheless, it continues to prove its detractors wrong with its strong operating performances. Its most recent Q1 report saw $3.7 billion in sales, <a href="https://seekingalpha.com/news/4109685-netease-non-gaap-epads-of-184-beats-by-012-revenue-of-37b-in-line">a 7.2% increase year-over-year (YOY)</a>. Moreover, its Non-GAAP ADS of $1.84&nbsp;beat estimates by 12 cents. Additionally, its recent annual product launch event showcased several promising new games, pointing to a stellar content pipeline.



NetEase has the edge in China&rsquo;s burgeoning mobile gaming market, which currently commands a whopping 47% of global mobile gaming revenue. Despite the country&rsquo;s declining population, the number of gamers in China could top 730 million by 2027. Moreover, with <a href="https://nikopartners.com/china-mobile-games/">a staggering 31% of China&rsquo;s domestic market spend</a> directed towards mobile games, the company&rsquo;s offerings are indispensable.



<h2>Baidu (BIDU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/bidu-stock-300x169.jpg" alt="A Baidu (BIDU) sign outside a company office in Shenzhen, China."><div>Source: StreetVJ / Shutterstock.com</div></div>Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>), which is considered China&rsquo;s Google, has been pioneering AI long before it became cool. Over the past decade, the firm established major research facilities in Beijing and California. Moreover, in 2019, it launched its revolutionary chatbot called Ernie, which now has upwards of 200 million users. Additionally, its enterprise client base has topped 85,000, which will likely be critical in driving its top-line growth moving forward.



It recently delivered its Q1 report, comfortably surpassing estimates across both lines. Baidu&rsquo;s non-GAAP ADS rose a remarkable 24% YOY to $2.76. Meanwhile, total&nbsp;<a target="_blank" href="https://seekingalpha.com/pr/19727953-baidu-announces-first-quarter-2024-results?hasComeFromMpArticle=false&amp;source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews">sales increased</a> by 1% YOY to $4.37 billion.



Revenues from its core operations increased by 4% YOY to $3.3 billion, driven by healthy growth in its online and non-online marketing sales. Non-online marketing sales, in particular, <a target="_blank" href="https://seekingalpha.com/news/4107180-baidu-rises-after-q1-beat-as-ai-cloud-sales-grow-despite-slowdown-in-marketing-revenue">jumped 6% to $935 million</a>, led by the rapid increase in its AI cloud business. &nbsp;



These stellar results have led to multiple upward revisions, with Wall Street analysts assigning a &ldquo;strong buy&rdquo; rating to the stock, <a href="https://www.tipranks.com/stocks/bidu/forecast" target="_blank">forecasting a 58% upside potential</a> from current prices.



On the&nbsp;date of publication, Muslim Farooque did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/the-3-best-chinese-stocks-to-buy-in-june-2024/">The 3 Best Chinese Stocks to Buy in June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Chinese Stocks to Buy in June 2024

NetEase initiated with Equal Weight at Barclays on maturing China online gaming market

Bilibili climbs after J.P. Morgan upgrades on earnings upside due to game/ads monetization turnaround

The best of breed global stocks for 3Q2024 - BofA

In a report released today, Alicia Yap from Citi maintained a Buy rating on NetEase (NTES – Research Report). The company's shares closed yesterday...

NetEase (NTES) Receives a Buy from Citi

Analyst Alex Poon of Morgan Stanley maintained a Hold rating on NetEase (NTES – Research Report), retaining the price target of $100.00. Alex Poon ...

NetEase: Hold Rating Amidst Intense Competition and Market Saturation Concerns

As China's economy shows signs of steady recovery fueled by resilient exports and strategic policy measures, it might be an opportune time to own three quality Chinese stocks, Tencent Holdings Limited (TCEHY), NetEase (NTES), and JD.com (JD), before June ends. Read on… China's economic recovery is gaining momentum as we navigate through the second quarter of 2024. Fueled by a resilient rebound in exports and strategic policy initiatives, the nation is steering through structural challenges like property sector reforms with cautious optimism.
In light of this, now might be an opportune time to consider investing in three fundamentally strong China stocks: Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>), NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>), and JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>).
The world's second-largest economy expanded at a healthy pace, exceeding both expectations and last year's results. In the first quarter, China's GDP grew by <a href="https://www.cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html">5.3% year-over-year</a>, higher than the 5.2% growth seen in the prior quarter and beating economists' forecasts of a 4.6% increase. This positive momentum has been fueled by Beijing's ongoing support measures and a surge in consumer spending during the Lunar New Year festival.
In April, China's industrial sector showed stronger growth momentum, with major industrial enterprises posting a <a href="https://english.news.cn/20240527/eb43f289b7c6452aa261d9f13df2906a/c.html#:~:text=Profits%20of%20China's%20major%20industrial,Statistics%20(NBS)%20said%20Monday.">4% year-over-year profit increase</a>, compared to a 3.5% drop in March. Analysts credit this rebound to supportive government policies and a resurgence in domestic consumption, reflecting broader economic stability.
May continued the upward trend, boasting a 3.7% year-on-year <a href="https://www.cnbc.com/2024/06/17/china-may-retail-sales-beat-expectations-other-metrics-miss.html">rise in retail sales</a> and a solid 5.6% growth in industrial output. Fixed-asset investment also saw a healthy 4% increase in the year's first five months, propelled by strong policy support and festive consumer spending during the May Day holiday.
Looking ahead, Beijing has set a growth target of nearly <a href="https://www.cnbc.com/2024/03/05/china-gdp-target-2024.html">5% for 2024</a>. The country aims to achieve an urban unemployment rate of around 5.5%, create 12 million new urban jobs, and maintain a consumer price index increase of approximately 3%.
Given the country's economic resurgence and a promising macroeconomic outlook, let's now examine the fundamentals of the featured <a href="https://stocknews.com/category/china/">China</a> stocks in detail, beginning with number three:
Stock #3: Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>)
Headquartered in Shenzhen, China, TCEHY is an investment holding company that offers value-added services (VAS), online advertising, fintech, and business services globally. The company operates through VAS; Online Advertising; FinTech and Business Services; and Others segments.
TCEHY's trailing-12-month EBITDA and levered FCF margins of 32.08% and 23.23% are 69.5% and 177.9% higher than the industry averages of 18.93% and 8.36%, respectively. Also, the stock's 21.22% trailing-12-month net income margin compares favorably to the 2.89% industry average.
For the first quarter that ended March 31, 2024, TCEHY's total revenues increased 6.3% year-over-year to RMB159.50 billion ($21.94 billion). Its gross profit grew 23% from the prior year's quarter to RMB83.87 billion ($11.53 billion). Its non-IFRS operating profit came in at RMB58.62 billion ($8.06 billion), up 30% year-over-year.
In addition, non-IFRS profit attributable to equity holders of the company rose 54.5% from the year-ago value to RMB50.23 billion ($6.91 billion). Also, its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> for the quarter stood at RMB4.38, up 66.2% year-over-year.
Street expects TCEHY's revenue and EPS for the second quarter (ending June 2024) to increase 8.5% and 33.9% year-over-year to $22.19 billion and $0.71, respectively. Moreover, the company has surpassed consensus EPS estimates in three of the trailing four quarters, which is impressive.
The stock has gained 29.3% over the past six months to close the last trading session at $47.30.
TCEHY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TCEHY has an A grade for Sentiment and a B for Stability. It is ranked #10 out of 39 stocks within the B-rated <a href="https://stocknews.com/category/china/">China</a> industry.
Beyond what is stated above, we've also rated TCEHY for Growth, Value, Momentum, and Quality. Get all TCEHY ratings <a href="https://stocknews.com/stock/TCEHY/">here</a>.
Stock #2: NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>)
Based in Hangzhou, NTES is engaged in online gaming, music streaming, online intelligent learning services, and internet content services businesses both domestically and internationally. It operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments.
In April, Blizzard Entertainment and NTES announced a renewed publishing deal, paving the way for the sequential return of Blizzard titles to mainland China beginning in the summer of 2024. The renewed publishing agreement includes popular titles like World of Warcraft&#xAE;, Hearthstone&#xAE;, and others from the Warcraft&#xAE;, Overwatch&#xAE;, Diablo&#xAE;, and StarCraft&#xAE; series.
Additionally, NTES entered into an agreement with Microsoft Gaming to explore bringing new NetEase titles to Xbox consoles and other platforms.
The stock's trailing-12-month gross profit and EBITDA margins of 61.92% and 29.12% are 24.4% and 53.8% higher than the 49.77% and 18.93% industry averages, respectively. Its trailing-12-month ROTA of 15.53% compares with the industry average of 1.28%.
NTES' net revenues increased 7.2% year-over-year to RMB26.85 billion ($3.72 billion) for the fiscal first quarter that ended March 31, 2024. Its gross profit grew 14.2% from the year-ago value to RMB17.02 billion ($2.36 billion).
Also, the company's operating profit increased 5.6% from the prior-year quarter to RMB7.62 billion ($1.06 billion). NTES' attributable non-GAAP net income came in at RMB8.51 billion ($1.18 billion) and RMB2.62 per share, representing 12.5% and 12.9% year-over-year improvements.
The consensus EPS estimate of $1.84 for the fiscal third quarter (ending September 2024) represents a marginal improvement year-over-year. The consensus revenue estimate of $3.96 billion for the next quarter indicates a 5.1% increase from the same period last year. The company has an impressive earnings surprise history, surpassing the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 9.1%, closing the last trading session at $95.58.
NTES' solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, translating to Buy in our proprietary rating system.
It also has a B grade for Value, Stability, and Quality. Out of the 39 stocks in the same industry, it is ranked #6. To see the other ratings of NTES for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/NTES/">click here</a>.
Stock #1: JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>)
Headquartered in Beijing, the People's Republic of China, JD offers computers, communication, consumer electronics, home appliances, and general merchandise products.
JD's trailing-12-month asset turnover ratio of 1.91x is 92.1% higher than the 1.00x industry average. Likewise, the stock's trailing-12-month cash per share of $7.40 is 198.7% higher than the $2.48 industry average.
For the fiscal first quarter, which ended on March 31, 2024, JD's total net revenues increased 7% from the prior-year quarter to RMB260.15 billion ($36.02 billion). Its income from operations stood at RMB7.70 billion ($1.07 billion), up 23.3% year-over-year. The company's attributable non-GAAP net income amounted to RMB8.90 billion ($1.23 billion) and $2.83 per share, reflecting an increase of 17.2% and 18.9% year-over-year, respectively.
Analysts expect JD's revenue for the second quarter (ending June 2024) to increase 6.3% year-over-year to $41.96 billion. Its EPS for the same quarter is projected to grow 6.7% from the prior year to $0.79. Moreover, the company has topped consensus revenue and EPS estimates in each of the trailing four quarters.
However, the stock has lost 5.1% over the past three months to close the last trading session at $25.84.
JD's bright prospects are reflected in its POWR Ratings. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
It also has a B grade for Growth, Value, and Sentiment. Within the same B-rated industry, it is ranked #5. <a href="https://stocknews.com/stock/JD/">Click here</a> to see JD's ratings for Momentum, Stability, and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TCEHY shares were unchanged in after-hours trading Friday. Year-to-date, TCEHY has gained 26.26%, versus a 15.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/tcehy-ntes-jd-3-china-stocks-to-buy-before-june-ends/>3 China Stocks to Buy Before June Ends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks to Buy Before June Ends

NetEase: Undervalued In The Near Term

Alex Poon, an analyst from Morgan Stanley, maintained the Hold rating on NetEase (NTES – Research Report). The associated price target remains the ...

Analyst Maintains Hold Rating on NetEase Amid Game Release Delays and Modest EPS Growth Expectations

ACWI

ATLKY

BIDU

BKRKY

ISRG

KUASF

MNST

PLTR

RCRRF

SHOP

SMCAY

SNAP

TCTZF

TOELY

TSGTF

VEEV

Entertainment

Press Releases

Pixelworks Brings New Mobile Gaming Experience to "Diablo Immortal", a Co-developed Game by Blizzard Entertainment and NetEase

NetEase, Inc. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 and Publication of 2023 Environmental, Social and Governance Report

Youdao Filed 2023 Annual Report on Form 20-F

Contracts

Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement

Youdao to Report First Quarter 2024 Financial Results on May 23

NetEase to Report First Quarter 2024 Financial Results on May 23

Cloud Music Inc. Expands K-Pop Portfolio with Kakao Entertainment

NetEase Showcases Latest Game Advancements at 2024 Annual Product Launch Event


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