NetEase Shares Climb on Morgan Stanley Top Pick Designation

By EC Assets · Published

NetEase Inc. shares gained in Hong Kong trading. The move followed Morgan Stanley designating the company as a top pick. NetEase shares rose up to 4.9% in Hong Kong trading on Monday. Morgan Stanley upgraded NetEase to Overweight from Equal Weight. The firm also lifted its price target for NetEase, Inc. Morgan Stanley analyst Alex Poon upgraded NetEase. The price target increased to $108 from $90. The company’s PC game pipeline should drive earnings. Morgan Stanley upgraded its outlook for NetEase from Equal-Weight to Overweight on January 8, 2025. This article is intended for informational purposes only. It does not constitute investment advice.

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