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<Research>CLSA Elevates NETEASE MUSIC (09899.HK) TP to $250, Raises Paid User Forecast
Recommend 6 Positive 2 Negative 7 |
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NETEASE MUSIC (09899.HK) has been executing its scale-first strategy in recent quarters, solidifying its leading position among young cohort in higher-tier cities, according to CLSA's research report. The broker raised its long-term paid user forecast, and expected the growth trend in market share to continue, along with long-term potential for expansion in ARPPU and profit margin. CLSA advanced its valuation benchmark to June 2026, and elevated its target price from $200 to $250, with rating reiterated at High Conviction Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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