NetEase (NTES) Stock Analysis & Forecast

Nov 4 close

$121.26+5.03 (+4.3%)

Gekko Brief

AI summaryNov 4 close

NetEase's week carried mixed signals around its gaming pipeline and upcoming print. Nagoshi Studio, the developer behind "Gang of Dragon," moved to dissolve after NetEase declined to provide an additional $44 million to complete the title, a setback for that project. Separately, a Q3 2026 preview piece described the company as an innovative pure-play gaming name with stable revenue growth and a strong balance sheet, maintaining a neutral rating amid revenue growth normalization and execution uncertainties, while a free cash flow report noted $7.1 billion for fiscal 2025, up 35.0% from the prior year.

Shares closed at $121.26, up 4.3%, sitting between the 50-day average of $119.47 and the 200-day average of $120.78. The GekkoIndex reads 57.5, placing NTES in the Neutral zone, down 12.8 over the past five readings. Price remains 30.8% below Gekko Fair Value of $175.16.

NetEase next reports earnings on 19 November 2026, before the open, 14 days away and inside a typical 20-trading-day holding window; its last print showed EPS of $1.77 against a $2.32 estimate, with a 0.7% reaction. Seasonality from this point in the calendar has averaged a 3.3% gain over the next 20 trading days across 5 years, rising in 3 of them. No insider, Congress, or unusual options activity appears in their respective windows, and analyst consensus among 6 firms stands at 5 buy, 1 hold, with a $163.26 price target.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

NetEase price vs fair value

$175.16$121.26Nov ’25May ’26Nov ’26
Close $121.26200-day averageGekko Fair Value $175.16

NetEase quick facts

Market cap
$77.23B
P/E ratio
16
Forward P/E
11
EPS, TTM
$7.20
Revenue, TTM
$116.6B
Profit margin
27.9%
Dividend yield
2.54%
Beta
0.81
Volume
984,444 avg 699,776
1-year return
−14.1%
Typical daily move
±2.3%
Typical 20-day move
±6.3%
50-day average
$119.47
200-day average
$120.78
Next earnings
Nov 19 before open
Shares outstanding
640.3M
52-week range
$106.06$149.11

NetEase swing-trade checklist

NetEase scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $121.26 sits between the 50-day ($119.47) and 200-day ($120.78) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    57.5, Neutral

    Reading 57.5 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    30.8% below

    Price is 30.8% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 14 days

    Reports on Nov 19, 2026, 14 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +3.3% on average

    From this point in the calendar, the next 20 trading days averaged +3.3% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

NetEase stock chart and price history

NetEase closed at $121.26 on Nov 4, 2026, −14.1% over the past year, inside a 52-week range of $106.06 to $149.11.

Close50-day average200-day averageVolume
NetEase share price, past year, with 50-day and 200-day moving averages and volume$110$130$140DecJan 2026FebMarAprMayJunJulAugSepOct121.26

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+1.8%
3 months
−7.0%
6 months
+2.4%
1 year
−14.1%
The full NTES chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NTES in Gekko

Follow NetEase through every session

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About NetEase

NetEase provides a wide range of online services to users in China and abroad, spanning games, music, education technology and general internet content. It is widely recognized for its gaming business, which includes both self-developed PC and mobile titles and games published under license from outside studios, alongside its NetEase Cloud Music streaming service.

The company runs its operations through several units. One centers on games and related paid features, another, Youdao, covers online learning and translation tools such as dictionaries, translation apps and connected devices like a learning pen and a smart pad, as well as digital classroom tools including automated homework grading and an OCR platform for other businesses. A separate unit houses Cloud Music, and a further division, described as innovative businesses and others, takes in services such as the Yanxuan private-label shopping platform, the 163.com news portal and its Wangyi Xinwen app, NetEase Mail, the CC Live game-streaming platform, and the NetEase Pay payment service.

NetEase trades under the ticker NTES.

Sector
Technology services
Website
ir.netease.com

NetEase GekkoIndex: the smart money zone

NetEase’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 57.5, in the Neutral zone, down 12.8 points over five sessions.

010057.5Neutral

Down 12.8 points over five sessions, from the Buying zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying30−0.4%−1.2%−0.4%−1.2%
Accumulation232+1.0%+1.8%+2.7%+3.3%
Neutral (current zone)362−0.2%+0.1%+0.5%+2.7%
Distribution26−1.6%−3.7%−4.5%−1.3%
Selling0Not available

Average NTES share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the NTES price, zone by zone.Track NTES in Gekko

Is NetEase stock overvalued? Gekko Fair Value

NetEase trades 30.8% below Gekko Fair Value of $175.16, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what NetEase shares are worth, recalculated every trading day.

$175.16

Gekko Fair Value, Nov 4, 2026

30.8% Undervalued

At the end of Aug 2026 the price was 31.9% below the estimate.

Gekko Fair ValueShare price, month end
$175$116Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open NTES in Gekko

NetEase insider and Congress trading

No open-market insider purchases were filed for NetEase, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for NTES in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every NTES insider filing, plotted on the chart in Gekko.Open NTES in Gekko

Congress trades last 90 days

No trades in NTES were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for NTES, plotted on the chart in Gekko.Open NTES in Gekko

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds NTES.

1added0opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

NetEase earnings: next date and track record

NetEase reports on Nov 19, 2026, before the open (14 days away), and beat the EPS estimate in 4 of its last 8 reports.

4 of 8reports beat the EPS estimate
±4.3%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+12.1%Nov ’24−0.9%Feb ’25+11.6%May ’25−4.2%Aug ’25+0.1%Nov ’25−4.3%Feb ’26−0.2%May ’26+0.7%Aug ’26

Last earnings call, Aug 20, 2026 AI summary

What they said
NetEase reported Q2 2026 total revenue of RMB 30.1 billion, with games and related value-added services generating RMB 25 billion. Key performance highlights include Sword of Justice anniversary update driving 10 million active players on launch day and concurrent users hitting a 2-year high. The company launched Sea of Remnants in China in July with global rollout planned. NARAKA: BLADEPOINT unified PC and mobile ecosystems and celebrated its fifth anniversary.
Guidance
Management highlighted continued global expansion plans, including the worldwide rollout of Sea of Remnants. No specific revenue or earnings targets were provided in this excerpt, but management signaled sustained focus on live operations and franchise development across domestic and overseas markets.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 20, 2026$1.77
est $2.32
−23.7%$4.43B
est $4.33B
+2.3%+0.7%
May 21, 2026$17.46
est $15.39
+13.5%$4.43B
est $4.25B
+4.3%−0.2%
Feb 11, 2026$1.57
est $2.03
−22.7%$3.94B
est $4.11B
−4.1%−4.3%
Nov 20, 2025$14.73
est $14.81
−0.5%$3.98B
est $4.04B
−1.3%+0.1%
Aug 14, 2025$2.07
est $2.04
+1.5%$3.89B
est $3.98B
−2.2%−4.2%
May 15, 2025$2.41
est $2.01
+19.9%$3.96B
est $3.99B
−0.8%+11.6%
Feb 20, 2025$2.07
est $1.72
+20.3%$3.66B
est $3.71B
−1.3%−0.9%
Nov 14, 2024$11.63
est $12.36
−5.9%——+12.1%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

NetEase stock forecast and analyst price targets

Analysts’ average 12-month price target for NetEase is $163.26, +34.6% from the last close, from 6 firms rating the stock in the last 90 days.

$163.26consensus 12-month target, +34.6% from the last close
Low $132High $180
Buy5
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 27Morgan StanleyBuy, maintained$163+34.4%
Aug 24J.P. MorganBuy, maintained$180+48.4%
Aug 24Goldman SachsBuy, maintained$168+38.5%
Aug 21CMB International SecuritiesBuy, maintained$159.50+31.5%
Aug 20BarclaysHold, maintained$132+8.9%
+0.5%average 20-day move after past Neutral readings
+3.3%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

NetEase seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, NetEase averaged +3.3% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

−1.2%2021+10.4%2022−7.9%2023+13.1%2024+1.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.9%4 of 5
Next 10 trading days+7.0%5 of 5
Next 15 trading days+6.1%5 of 5
Next 20 trading days+3.3%3 of 5
Next 30 trading days+2.5%2 of 5

For scale, NTES’s typical 20-trading-day move in either direction is about 6.3%.

NetEase market cap and key statistics

NetEase’s market cap is $77.23B, with a P/E ratio of 16 and revenue of $116.6B over the last twelve months.

Valuation

Market cap
$77.23B
P/E ratio
16
Forward P/E
11
EPS, TTM
$7.20
Gekko Fair Value
$175.16

Trading

Volume
984,444
Avg volume, 20 days
699,776
52-week high
$149.11
52-week low
$106.06
Shares outstanding
640.3M

Financials

Revenue, TTM
$116.6B
Profit margin
27.9%
Return on equity
20.4%
Quarterly earnings growth, YoY
−18.7%

Risk and income

Beta
0.81
Typical daily move
±2.3%
Typical 20-day move
±6.3%
Dividend yield
2.54%

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NetEase stock FAQ

What is NetEase’s market cap?

NetEase’s market cap is $77.23B at the Nov 4, 2026 close of $121.26, with 640.3M shares outstanding. The shares trade on a P/E ratio of 16.

What is the NetEase stock forecast?

The consensus analyst 12-month price target for NetEase is $163.26, +34.6% from the last close. Of the 6 firms that rated the stock in the last 90 days, 5 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is NetEase stock overvalued or undervalued?

On Gekko’s estimate NetEase is undervalued: the Nov 4, 2026 close of $121.26 is 30.8% below Gekko Fair Value of $175.16. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does NetEase report earnings next?

NetEase is expected to report on Nov 19, 2026, before the market opens (14 days away). Analysts expect earnings of $2.44 per share on revenue of $4.51B. NetEase beat the earnings estimate in 4 of its last 8 reports, moving 4.3% on average across the report.

What is NetEase’s 52-week high and low?

NetEase’s 52-week high is $149.11 and its 52-week low is $106.06; it closed at $121.26 on Nov 4, 2026, −14.1% over the past year. Over the last five years the shares peaked at $159.55 on Sep 17, 2025.

Is NetEase stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (fair value and seasonality), 2 as mixed (trend and gekkoindex) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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