Market Overview

Vetr Crowd Downgrades NetEase

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The Vetr crowd upgraded their rating for NetEase Inc (ADR) (NASDAQ: NTES) on Tuesday from 3 Stars (Hold), issued two days ago, to 2.5 Stars (Sell). Crowd sentiment for the stock is mostly cautious, with 54 percent of Vetr user ratings bearish.

Shares of the Chinese technology company have been on the rise in the past couple of weeks following several Buy upgrades, one prior to the new year from Jefferies and another one from Standpoint on January 9. By the end of today's trading day, Netease settled at $243.08.

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Currently, the Vetr crowd's average target price for the stock is down at $230.50, which is well below the average analyst target price of $252.75. Less than 2 percent of Vetr users are holding NTES in their watch lists.

 

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Posted-In: VetrDowngrades Crowdsourcing Analyst Ratings

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