SAN FRANCISCO Feb. 11 morning news, the U.S. investment firm Susquehanna Financial research report released today, the NetEase (Nasdaq: NTES) rating on the stock maintained at the raised its target price. Affected by this, Netease shares soared 11% Thursday.
Susquehanna Financial expected, Netease's online game and advertising revenue than Wall Street analysts on average expected a decline in marketing spending. NetEase stock rating Susquehanna Financial will maintain the In Nasdaq trading today, Netease stock turnover is equivalent to more than 4 times the normal level.
technology blog site Fool.com analyst Sean - Williams (Sean Williams) that the turnover of NetEase stock today that the company's share price rise may be the main driver of technical and not fundamentals. He pointed out that Netease shares face major resistance at $ 42, and today the turnover of the strong performance pushed its share price is far above this resistance level.
Netease is scheduled for February 23 release fourth-quarter earnings. Williams expects fourth quarter results Netease should meet or exceed analyst expectations. (Tang Style)
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