Based on 2 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group Class A in the last 3 months. The average price target is HK$54.15 with a high forecast of HK$54.30 and a low forecast of HK$54.00. The average price target represents a 6.39% change from the last price of HK$50.90.

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Highest Price TargetHK$54.30

Average Price TargetHK$54.15

Lowest Price TargetHK$54.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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J.P. Morgan

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Reiterated

03/22/24

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Goldman Sachs

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Upgraded

03/20/24

Best Analysts Covering Tencent Music Entertainment Group Class A

Which Analyst Should I Follow If I Want to Buy HK:1698 and Sell After:

1 Month

Alex YaoJ.P. Morgan

Success Rate

1/4 ratings generated profit

Average Return

+1.20%

reiterated a buy rating 2 months ago

Copying Alex Yao's trades and holding each position for 1 Month would result in 25.00% of your transactions generating a profit, with an average return of +1.20% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Alex YaoJ.P. Morgan

Success Rate

2/4 ratings generated profit

Average Return

+5.78%

reiterated a buy rating 2 months ago

Copying Alex Yao's trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of +5.78% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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1 Year

Alex YaoJ.P. Morgan

Success Rate

2/4 ratings generated profit

Average Return

+11.00%

reiterated a buy rating 2 months ago

Copying Alex Yao's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +11.00% per trade.

2 Years

Alex YaoJ.P. Morgan

Success Rate

2/4 ratings generated profit

Average Return

+11.00%

reiterated a buy rating 2 months ago

Copying Alex Yao's trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of +11.00% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

1698 Analyst Recommendation Trends

Rating

May 23

Jul 23

Nov 23

Jan 24

Mar 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, 1698 has received 3 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. 1698 average Analyst price target in the past 3 months is HK$54.15.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Communication Services Sector

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Find stocks in the Communication Services sector that are highly recommended by Top Performing Analysts.

1698 Financial Forecast

1698 Earnings Forecast

Next quarter’s earnings estimate for 1698 is HK$0.50 with a range of HK$0.43 to HK$0.56. The previous quarter’s EPS was HK$0.45. 1698 beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 48.08% of the time in the same period. In the last calendar year 1698 has Underperformed its overall industry.

1698 Sales Forecast

Next quarter’s sales forecast for 1698 is HK$7.13B with a range of HK$7.05B to HK$7.23B. The previous quarter’s sales results were HK$7.45B. 1698 beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 77.19% of the time in the same period. In the last calendar year 1698 has Outperformed its overall industry.

1698 Stock Forecast FAQ

What is HK:1698’s average 12-month price target, according to analysts?

Based on analyst ratings, Tencent Music Entertainment Group Class A’s 12-month average price target is HK$54.15.

What is HK:1698’s upside potential, based on the analysts’ average price target?

Tencent Music Entertainment Group Class A has 6.39% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is Tencent Music Entertainment Group Class A a Buy, Sell or Hold?

Tencent Music Entertainment Group Class A has a conensus rating of Moderate Buy, which is based on 2 buy ratings, 0 hold ratings and 0 sell ratings.

What is Tencent Music Entertainment Group Class A’s share price target?

The average share price target for Tencent Music Entertainment Group Class A is HK$54.15. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is HK$54.30 ,and the lowest forecast is HK$54.00. The average share price target represents 6.39% Increase from the current price of HK$50.9.

What do analysts say about Tencent Music Entertainment Group Class A?

Tencent Music Entertainment Group Class A’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.

How can I buy shares of Tencent Music Entertainment Group Class A?

To buy shares of HK:1698, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.

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Tencent Music Entertainment Group Class A (1698) Stock Forecast & Price Target

1698 Analyst Ratings

1698 Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Music Entertainment Group Class A

1698 Analyst Recommendation Trends

1698 Financial Forecast

1698 Earnings Forecast

1698 Sales Forecast

1698 Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts