.August 23, 2024 02:41:35 AM

NetEase’s stock value took a hit after disappointing Q2 financial results, despite increased video game revenue. Analyst Thomas Chong sets a new price target of $103, indicating a potential 25.23% upside. NetEase’s strong position in the video game industry and efforts to diversify revenue streams are seen as key factors for potential success and recovery. The company’s ability to address profit challenges and capitalize on gaming sector strengths will be closely watched by investors, with optimism for growth in the long term.