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NTES

NeteaseA
Nasdaq / Media & Entertainment
Last Price
Quote time unavailable
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Current thesis
Established titles and overseas live operations sustain games growth while new releases add revenue; Q2 games revenue rose 9.7% year over year. [#IR-2026-08-20] https://ir.netease.com/news-releases/news-release-details/netease-announces-second-quarter-and-interim-2026-unaudited
Posture
Constructive
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta +1.0.
What can break
Game-pipeline timing and monetization remain unquantified; China regulatory and international expansion risks persist. [#IR-2026-08-20]
Momentum
49
Value
64
Sentiment
65
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $118.00 · Bull $138.00 · Bear $88.00Analysis 2026-10-28; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-28 • Vendor: Data Vendor v1
Scores
As of 2026-10-29 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-29

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-29. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $162.73
Why
Momentum49 · Δ7d -24.4
Value64 · Δ7d +1.0
Sentiment65 · Δ7d +5.0
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Value remains the lead driver in the composite, 7D delta +1.0.

Contradictions & invalidation

  • • Game-pipeline timing and monetization remain unquantified; China regulatory and international expansion risks persist. [#IR-2026-08-20]
  • • Higher game R&D and marketing spending could limit profit conversion. [#IR-2026-08-20]
  • • Q2 shareholder net income declined year over year despite revenue growth.

Catalyst clock

2026-11-30

Next results test game growth against weaker profit

Lead driver: Value · See fundamentals
Momentum
49
8% active weight
Current posture
7d trendSoftening
Δ7d
-24.4
Δ21d
+6.2
Value
64
47% active weight
Current posture
7d trendFlat
Δ7d
+1.0
Δ21d
+1.6
Sentiment
65
45% active weight
Current posture
7d trendImproving
Δ7d
+5.0
Δ21d
-1.0
Why this grade

Composite grade A. Momentum 49.2 / Value 64.0 / Sentiment 64.6

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-28. Scenario method

B+
Bull case
20%
Probability
Target price
$138.00
Analysis reference price unavailable
Analysis 2026-10-28 · RankAlpha Sentiment Codex
Most likely
B
Base case
55%
Probability
Target price
$118.00
Analysis reference price unavailable
Analysis 2026-10-28 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$88.00
Analysis reference price unavailable
Analysis 2026-10-28 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-28
Market Cap
$71.48B
Beta
0.72
Shares Out
636.92M
P/E (TTM)
17.9
P/S (TTM)
5.74
P/FCF (TTM)
19.14
Rev YoY
+14.7%
EPS YoY
-13.9%
Gross Margin
+67.2%
Op Margin
+35.3%
Net Debt
-$22.92B
Current Ratio
3.45
As of 2026-10-29 • Updated nightlySource: Internal modelMethods & Data