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.
The Internet-Software & Services industry is in recovery mode even as a slowing economy in 2023 looms large. NTES, RNG and VRSN are better equipped than others to come out on top.