NetEase stock: Nomura cuts target for NetEase stock from USD 157.00 to USD 155.00

Published on 10/24/2026 at 01:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached RMB 30.1 billion, up 7.9 percent year over year. NetEase stock faces results on November 12, 2026.

Targets and operating results

Nomura cut its NetEase target from USD 157.00 to USD 155.00 on October 21, 2026.
Second-quarter revenue reached RMB 30.1 billion, up 7.9 percent year over year.
NetEase is scheduled to report its next results on November 12, 2026.

NetEase, US64110W1027, Illustration mit AI erstellt.

Nomura cut its NetEase target from USD 157.00 to USD 155.00 on October 21, 2026, while maintaining a Buy rating, according to MarketScreener. The move puts the latest analyst action against a second-quarter revenue increase of 7.9 percent.

Second-quarter growth meets pressure

NetEase generated RMB 30.1 billion in revenue during the second quarter of 2026, up 7.9 percent from the prior-year period. Games and related value-added services contributed RMB 25.0 billion, a 9.7 percent increase, according to Quartr.

The operating mix also improved at the gross-profit level. NetEase reported a 70.5 percent gross margin for the second quarter, up from 64.7 percent in the same period of 2025, while net income attributable to shareholders reached RMB 7.0 billion after investment losses and higher costs.

Three dated steps for investors

On August 20, 2026, NetEase reported second-quarter revenue of RMB 30.1 billion and a gross margin of 70.5 percent, according to Quartr. On September 22, 2026, BNP Paribas Exane appeared with a USD 180.00 target in the analyst coverage listed by Investing.com. On October 21, 2026, Nomura cut its target to USD 155.00 from USD 157.00.

What does the target cut mean?

The target reduction is modest in absolute terms, but it contrasts with the earnings profile. Revenue grew 7.9 percent in the second quarter, games revenue rose 9.7 percent, and net income attributable to shareholders declined to RMB 7.0 billion because of investment losses and higher costs. For investors, the balance between game growth and profit conversion is the central issue.

Next reporting date

NetEase is scheduled to report its next results on November 12, 2026, according to Investing.com. The Nasdaq-listed company had a market capitalization of USD 75.5 billion as of October 23, 2026.