NetEase is trading 4.07% up at $127.97, rebounding after the August 24 earnings-driven selloff as Bernstein raised its price target to $160 from $150 while maintaining an Outperform rating.
- Second-quarter revenue exceeded expectations, but adjusted earnings missed forecasts, creating volatility.
- Games revenue grew 10% year over year.
- The rebound came despite technology-sector weakness, suggesting company-specific earnings reassessment and analyst support outweighed broader sentiment.