HSBC keeps USD 162 target for NetEase stock

Published on 10/21/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC keeps its USD 162 target for NetEase on October 20, 2026. NetEase stock costs EUR 109.00 on October 21, 2026 in trading.

Targets, results and reporting date

HSBC kept its USD 162 target for NetEase on October 20, 2026.
NetEase reported RMB 60.7 billion in net revenue for the six months ended June 30, 2026.
NetEase stock trades at EUR 109.00 at 9:45 a.m. CEST at Lang & Schwarz on October 21, 2026.
NetEase is expected to report third-quarter results on November 19, 2026.

NetEase, US64110W1027, Illustration mit AI erstellt.

NetEase (ISIN US64110W1027) was trading at EUR 109.00 at Lang & Schwarz on October 21, 2026 at 9:45 a.m. CEST. HSBC kept its USD 162 target and Buy rating in a note dated October 20, 2026, according to Futu.

HSBC sees 2027 growth

The HSBC note kept the USD 162 target unchanged while lowering its non-GAAP net profit forecasts for 2026, 2027 and 2028 by 3 percent, 1 percent and 1 percent. The revised forecasts were RMB 37.151 billion, RMB 46.551 billion and RMB 50.640 billion, respectively, according to Futu.

HSBC expected game revenue to grow 6 percent year over year in the third quarter of 2026, compared with a 9 percent consensus forecast. It also expected non-GAAP operating profit to rise 12 percent, below the 30 percent consensus forecast. The contrast puts the next results release at the center of the stock story.

What does the latest report mean?

NetEase reported RMB 60.7 billion of net revenue for the six months ended June 30, 2026, up 7.0 percent year over year. Games and related value-added services generated RMB 50.7 billion, up 8.3 percent, while net profit attributable to shareholders fell 6.6 percent to RMB 17.7 billion, according to the company's interim report summarized by Futu.

NetEase events in three dates

On September 24, 2026, the interim report showed net revenue of RMB 60.7 billion for the first half. On September 25, 2026, NetEase repurchased 15,695 shares on Nasdaq for USD 360,645.36, according to The Globe and Mail. On October 20, 2026, HSBC kept its USD 162 target while cutting its 2026 forecast by 3 percent, as reported by Futu.

Next dates for investors

NetEase is expected to publish its third-quarter 2026 results on November 19, 2026, according to Zacks. HSBC also identified January 15, 2027 as the scheduled global launch date for Ananta in its October 20 note.

Stock price and company scale

NetEase's Nasdaq listing uses the ticker NTES, and its primary business includes online games, music streaming and intelligent learning services. The company had a market capitalization of USD 80.2 billion in October 2026. Its 52-week range was USD 106.06 to USD 156.44 as of October 12, 2026.

NetEase was trading at EUR 109.00 at Lang & Schwarz on October 21, 2026 at 9:45 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of NetEase stock.