The Vetr crowd Wednesday upgraded its rating on NetEase, Inc. NTES from 4 stars (Buy), issued 12 days ago, to 4.5 stars (Strong Buy). Crowd sentiment at he time of the upgrade was mostly positive, with 71 percent of Vetr user ratings bullish.
After spiking to a new high of $375.10 in mid-November after delivering surprising third quarter revenue numbers, share price in NetEase spent the intervening weeks hitting support around the $320 level. However, Vetr's upgrade comes as NetEase seems to have broken that support, finishing Wednesday's session at $318.28.
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Currently, the Vetr crowd's average price target on NetEase is up at $362.28, which is above the average analyst price target of $281.31. Less than 2 percent of Vetr users are holding NTES in their watch-lists.
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