Why NetEase Stock Jumped 16.6% in November
Shares of NetEase (NASDAQ: NTES) leapt nearly 17% last month, according to data provided by S&P Global Market Intelligence. The Chinese video game company announced plans to expand its e-commerce operations and delivered strong third-quarter results.
NetEase's upward move kicked into high gear following reports that the company was ramping up its spending on foreign products to sell to Chinese consumers as a means of fueling the growth of its promising Kaola e-commerce business. NetEase expects to invest about $11 billion into inventory from the U.S., Europe, and Japan over the next three years, in addition to billions more in product purchases from other countries.
Source: Fool.com
Netease Inc. ADR Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Netease Inc. ADR.
With a target price of 119 € there is a positive potential of 23.96% for Netease Inc. ADR compared to the current price of 96.0 €.