90/100BNetEase stock forecast 2026–2030
Analysts' average 12-month price target for NetEase is 168.00, 29.8% above the current price of 129.44. Their targets range from 160.00 to 180.00.
Of the 3 firms that rated NetEase in the past 12 months, 2 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 160.00 to 180.00, with an average of 168.00.
| Strong buy | 0 | |
| Buy | 2 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 180.00 |
| Average target | 168.00 |
| Lowest target | 160.00 |
| Current price | 129.44 |
NetEase price target history
Have analysts recently raised or lowered their NetEase price target and rating?
How analysts rate NetEase, month by month
2 of 3 firms rate it buy now, against 5 of 6 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
NetEase analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 28 Sept 2026 | Morgan Stanley Yang Liu | Reiterated · Overweight | 158.00 → 163.00 | +3.2% | 115.41 |
| 22 Sept 2026 | BNP Paribas | — | 180.00 | — | 117.47 |
| 21 Aug 2026 | Bernstein Robin Zhu | — | 155.00 → 160.00 | +3.2% | 127.38 |
| 1 Jul 2026 | Goldman Sachs | — | 161.00 → 169.00 | +5.0% | 129.70 |
| 26 May 2026 | Morgan Stanley Yang Liu | — | 154.00 → 158.00 | +2.6% | 123.86 |
| 2 Mar 2026 | Morgan Stanley Yang Liu | — | 170.00 → 154.00 | -9.4% | 114.62 |
| 12 Feb 2026 | Macquarie | — | 158.00 | — | 118.15 |
| 12 Feb 2026 | Barclays | Reiterated · Equal Weight | 135.00 → 132.00 | -2.2% | 118.47 |
| 21 Nov 2025 | Barclays | Reiterated · Equal Weight | 120.00 → 135.00 | +12.5% | 133.95 |
| 21 Nov 2025 | Bernstein | — | 105.00 → 155.00 | +47.6% | 133.95 |
NetEase EPS and revenue estimates
Analysts expect NetEase's EPS to grow 14.1% a year until 2028, slower than over the last 5 years (23.8% a year) and the last 3 years (20.0%).
Analysts expect NetEase's revenue to grow 7.4% a year until 2028, about as fast as over the last 5 years (8.9% a year) and the last 3 years (5.3%).
Revenue
EPS
Does NetEase beat earnings estimates?
On average, analysts' EPS estimate was 12.7% off the result, either way, and their revenue estimate 2.3%, over the last 12 quarters.
- EPS beats
- 53 / 87
- Revenue beats
- 9 / 83
- Average EPS surprise, last 12
- -1.4%
- Since
- February 2003
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 20 Aug 2026 | 2.32 | 1.77 | -23.7% | 4.33B | 4.43B | +2.3% |
| Q1 FY2026 | 21 May 2026 | 2.19 | 2.53 | +15.5% | 4.25B | 4.43B | +4.3% |
| Q4 FY2025 | 11 Feb 2026 | 2.03 | 1.57 | -22.7% | 4.11B | 3.94B | -4.1% |
| Q3 FY2025 | 20 Nov 2025 | 2.08 | 2.07 | -0.5% | 4.04B | 3.98B | -1.3% |
| Q2 FY2025 | 14 Aug 2025 | 2.04 | 2.07 | +1.5% | 3.98B | 3.89B | -2.2% |
| Q1 FY2025 | 15 May 2025 | 2.01 | 2.41 | +19.9% | 3.99B | 3.96B | -0.8% |
| Q4 FY2024 | 20 Feb 2025 | 1.72 | 2.07 | +20.3% | 3.71B | 3.66B | -1.3% |
| Q3 FY2024 | 14 Nov 2024 | 1.74 | 1.44 | -17.2% | 3.90B | 3.73B | -4.2% |
| Q2 FY2024 | 22 Aug 2024 | 1.79 | 1.66 | -7.3% | 3.62B | 3.51B | -3.0% |
| Q1 FY2024 | 23 May 2024 | 1.85 | 1.81 | -2.2% | 3.65B | 3.71B | +1.7% |
| Q4 FY2023 | 29 Feb 2024 | 1.80 | 1.60 | -11.1% | 3.89B | 3.83B | -1.5% |
| Q3 FY2023 | 16 Nov 2023 | 1.65 | 1.82 | +10.3% | 3.75B | 3.73B | -0.4% |
NetEase stock price 2026–2030: scenarios
If NetEase's earnings keep growing at the 12.7% a year analysts expect to FY2028, it would earn about 14.77 a share in FY2030. At the P/E it has traded at over the last five years (14.2 to 25.5) that is 209.31 to 376.71 a share, or 261.14 at its average P/E of 17.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 9.23 | 130.86 | 163.27 | 235.52 |
| FY2027 | 10.72 | 151.90 | 189.52 | 273.38 |
| FY2028 | 11.63 | 164.76 | 205.56 | 296.53 |
| FY2029 (extrapolated) | 13.10 | 185.70 | 231.69 | 334.22 |
| FY2030 (extrapolated) | 14.77 | 209.31 | 261.14 | 376.71 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 12.7% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (14.2, 17.7, 25.5).
Is NetEase stock undervalued or overvalued?
NetEase's P/E of 17.0 is around the middle of its 5-year range (13.9 to 40.6, median 17.6). It is in line with its own history. Buyers pay more for each point of growth than usual: a PEG of 1.2 on expected growth against 0.7 on its median P/E and past five years' growth. At its usual P/E (17.1 × EPS of 7.59), NetEase's fair value is 129.64, close to the price of 129.44. Its forward P/E, on the consensus for FY2026, is 14.0.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (13.9 and 28.0). The price against its P/E range
- Price to earnings ratio (TTM)
- 17.04
- Five-year median P/E
- 17.65
- Five-year P/E range
- 13.9 – 40.6
- Forward P/E (FY2026)
- 14.02
- PEG ratio
- 1.34
- To the average target
- +29.8%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
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| 99.090 | 195.09146Price 99.09244 | +96.9% | |
| 186.680 | 359.93270Price 186.68450 | +92.8% | |
| 213.670 | 405.66304Price 213.67507 | +89.9% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 42.225 | 79.0244Price 42.23157 | +87.1% | |
| 160.650 | 299.85225Price 160.65375 | +86.6% | |
| 108.445 | 201.41108Price 108.45248 | +85.7% |
Furthest below the fair value on each stock's page, updated every day.