Nomura cuts NetEase target for NetEase stock from USD 157 to USD 155

Published on 10/22/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 7.9 percent year over year to RMB 30.1 billion. NetEase stock trades at EUR 103.00 on October 22, 2026.

Targets, results and launch date

Nomura lowered its NetEase target from USD 157.00 to USD 155.00 on October 21, 2026.
NetEase reported second-quarter revenue of RMB 30.1 billion, up 7.9 percent year over year.
NetEase stock was trading at EUR 103.00 at 9:32 a.m. CEST at Lang & Schwarz on October 22, 2026.
Ananta is scheduled for global launch on January 15, 2027.

NetEase, US64110W1027, Illustration mit AI erstellt.

NetEase (US64110W1027) faces a lower analyst target after Nomura cut its price objective from USD 157.00 to USD 155.00 on October 21, 2026. The research note kept a Buy rating but pointed to weaker near-term game momentum and revenue below consensus for the third quarter, according to Futunn.

Why did Nomura cut its target?

Nomura forecast third-quarter total revenue of RMB 29.634 billion, 3 percent below Bloomberg consensus of RMB 30.442 billion. The note attributed the pressure to a high comparison base for Fantasy Westward Journey and weaker performance from Sea of Remnants, which launched in July, according to Futunn.

The forecast still points to stronger profitability. Nomura projected a 39.2 percent non-GAAP operating margin for the third quarter, up 7.8 percentage points year over year, while cutting its fiscal 2026 revenue forecast from RMB 119.999 billion to RMB 119.170 billion.

What did the second quarter show?

NetEase reported second-quarter 2026 revenue of RMB 30.1 billion, up 7.9 percent from the prior year, while net income fell 19 percent to RMB 6.98 billion. Earnings per share declined to CNY 2.18 from CNY 2.70, and profit margin fell to 23 percent from 31 percent, according to Simply Wall St.

Three dates explain the setup

On August 20, 2026, NetEase reported second-quarter revenue of RMB 30.1 billion. On October 20, 2026, HSBC kept its USD 162.00 target and projected third-quarter game revenue growth of 6 percent versus 9 percent consensus, according to Futunn. On October 21, 2026, Nomura lowered its target to USD 155.00.

When is the next major catalyst?

HSBC said Ananta is scheduled for a global launch on January 15, 2027, with 25 million pre-registrations. The game is therefore a concrete future date in the investment case, while the near-term debate centers on game revenue and operating margins.

Stock price and investor perspective

NetEase stock was trading at EUR 103.00 at Lang & Schwarz on October 22, 2026 at 9:32 a.m. CEST. Nasdaq-listed NetEase was last at USD 122.98 on October 21, 2026 at 4:00 p.m. ET, according to the market quote.

The further course of trading is shown by the continuously updated real-time quote of NetEase stock.