5 Best Mobile Gaming Stocks to Buy Now

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In this article, we will take a look at the 5 best mobile gaming stocks to buy now. To see more such companies, go directly to 10 Best Mobile Gaming Stocks to Buy Now.

5. NetEase, Inc. (NASDAQ:NTES)

Number of Hedge Fund Holders: 31

On March 1, NetEase, Inc. (NASDAQ:NTES) jumped after JPMorgan upgraded NTES to Overweight to Neutral. The firm is bullish on the stock based on the upcoming game launches.

JPMorgan’s analyst Daniel Chen noted NetEase, Inc. (NASDAQ:NTES) is slated to launch nine games this year, starting from Westward Journey Returns.

The analyst also expects NetEase, Inc. (NASDAQ:NTES)’s revenue growth to increase from 1% in the fourth quarter to 8% and 9% in the second and third quarters, respectively, on a year-over-year basis.

NetEase, Inc. (NASDAQ:NTES) saw a sharp rise in hedge fund sentiment during the fourth quarter. A total of 31 hedge funds tracked by Insider Monkey entered the first quarter of 2023 with NetEase, Inc. (NASDAQ:NTES) in their portfolios, compared to 24 hedge fund investors which had stakes in the company at the end of the third quarter of 2022.

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