What Marvel Rivals Season 2.5 Means for NetEase Stock (NTES)
Marvel Rivals developer NetEase (NTES) launched Season 2.5 on Friday, and with it came major changes to the team-based hero shooter featuring Disney's (DIS) Marvel characters. The biggest change in Marvel Rivals Season 2.5 is the introduction of Ultron as a new character to the game. He fills the Strategist role, and players can unlock a golden skin for the robot menace.
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Other changes introduced in the mid-season update include a new map: Hellfire Gala – Arakko. There's also the Cerebro Database II season event for players to take part in. Finally, a laundry list of hero changes was introduced, including balances and new Team Ups.
These changes and additions benefit NetEase, as they encourage players to spend money on new character skins, as well as other cosmetics. The new events and introduction of a new character also help bring back players who may have taken a break since the last major update.
NTES Stock Movement Today
Despite the release of Marvel Rivals Season 2.5, shares of NTES stock were down 2.21% as of Friday morning. Even so, shares of NTES stock are still up 40.96% year-to-date.
The NTES stock drop today could be the result of a more muted reaction to Ultron's introduction from gamers. Previous new character additions, such as Emma Frost, set the internet ablaze as fans welcomed the busty beauty to the game. Ultron's more utilitarian design may not have sparked the same type of interest from players.
Is NetEase Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for NetEase is Moderate Buy, based on five Buy and two Hold ratings over the past three months. With that comes an average NTES stock price target of $130.36, representing a potential 4.9% upside for the shares.
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