|Bid||70.00 x 1200|
|Ask||70.15 x 800|
|Day's range||69.18 - 71.33|
|52-week range||53.09 - 114.66|
|Beta (5Y monthly)||0.37|
|PE ratio (TTM)||15.51|
|Earnings date||22 Feb 2023 - 27 Feb 2023|
|Forward dividend & yield||1.52 (2.32%)|
|Ex-dividend date||01 Dec 2022|
|1y target est||105.76|
Cloud Music Inc. (HKEX: 9899, "NetEase Cloud Music" or the "Company"), a leading interactive music streaming service provider in China, announced that it has entered into a licensing renewal agreement ("the Agreement") with Avex, a leading entertainment conglomerate in Japan, granting NetEase Cloud Music the right to distribute Avex's music catalog in China.
The average of price targets set by Wall Street analysts indicates a potential upside of 65.1% in NetEase (NTES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
NetEase, RingCentral and Verisign are part of the Zacks Industry Outlook article.