Based on 15 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $12.51 with a high forecast of $14.00 and a low forecast of $10.30. The average price target represents a 11.20% change from the last price of $11.25.

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Highest Price Target$14.00

Average Price Target$12.51

Lowest Price Target$10.30

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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Morgan Stanley

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Reiterated

04/16/24

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Bank of America Securities

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Assigned

04/03/24

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J.P. Morgan

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Reiterated

03/22/24

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Benchmark Co.

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Reiterated

03/20/24

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UBS

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Reiterated

03/20/24

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Goldman Sachs

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Upgraded

03/20/24

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CMB International Securities

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Reiterated

03/20/24

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CFRA

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Reiterated

03/20/24

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HSBC

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Reiterated

03/20/24

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Citi

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Upgraded

03/20/24

Wei Fang

Mizuho Securities

$12.00

Buy

6.67%

Upside

Reiterated

03/19/24

Tencent Music Entertainment Group (TME) PT Raised to $13 at MizuhoMizuho analyst Wei Fang raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.00 (from $12.00) while maintaining a Buy rating.

Tommy Wong

China Merchants Securities

$13.00

Buy

15.56%

Upside

Initiated

02/22/24

China Merchants Securities starts Tencent Music Entertainment Group (TME) at BuyChina Merchants Securities analyst Tommy Wong initiates coverage on Tencent Music Entertainment Group (NYSE: TME) with a Buy rating and a price target of $13.00.

Agnieszka Pustula

Redburn Atlantic

$12.00

Buy

6.67%

Upside

Initiated

02/05/24

Tencent Music initiated with a Buy at Redburn AtlanticTencent Music initiated with a Buy at Redburn Atlantic

Maggie Ye

CLSA

$10.50

Buy

-6.67%

Downside

Initiated

02/05/24

Tencent Music initiated with an Outperform at CLSATencent Music initiated with an Outperform at CLSA

Thomas Chong

Jefferies

$10.30

Buy

-8.44%

Downside

Reiterated

01/22/24

Tencent Music Entertainment Group (TME) PT Lowered to $10.30 at JefferiesJefferies analyst Thomas Chong lowered the price target on Tencent Music Entertainment Group (NYSE: TME) to $10.30 (from $98.00) while maintaining a Buy rating.

Best Analysts Covering Tencent Music Entertainment Group

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

1 Month

Wei FangMizuho Securities

Success Rate

6/6 ratings generated profit

Average Return

+9.27%

reiterated a buy rating last month

Copying Wei Fang's trades and holding each position for 1 Month would result in 100.00% of your transactions generating a profit, with an average return of +9.27% 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

Saiyi HECMB International Securities

Success Rate

4/5 ratings generated profit

Average Return

+17.68%

reiterated a buy rating last month

Copying Saiyi HE's trades and holding each position for 3 Months would result in 80.00% of your transactions generating a profit, with an average return of +17.68% 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

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1 Year

Wei FangMizuho Securities

Success Rate

6/6 ratings generated profit

Average Return

+32.75%

reiterated a buy rating last month

Copying Wei Fang's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +32.75% per trade.

2 Years

Wei FangMizuho Securities

Success Rate

6/6 ratings generated profit

Average Return

+31.35%

reiterated a buy rating last month

Copying Wei Fang's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +31.35% 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

Go Premium

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.

TME Analyst Recommendation Trends

Rating

Nov 23

Jan 24

Feb 24

Mar 24

Apr 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, TME has received 17 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. TME average Analyst price target in the past 3 months is $12.51.

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.

TME Financial Forecast

TME Earnings Forecast

Next quarter’s earnings estimate for TME is $0.13 with a range of $0.11 to $0.14. The previous quarter’s EPS was $0.11. TME beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.78% of the time in the same period. In the last calendar year TME has Underperformed its overall industry.

TME Sales Forecast

Next quarter’s sales forecast for TME is $907.35M with a range of $900.31M to $918.69M. The previous quarter’s sales results were $953.57M. TME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 58.58% of the time in the same period. In the last calendar year TME has Outperformed its overall industry.

TME Stock Forecast FAQ

What is TME’s average 12-month price target, according to analysts?

Based on analyst ratings, Tencent Music Entertainment Group’s 12-month average price target is $12.51.

What is TME’s upside potential, based on the analysts’ average price target?

Tencent Music Entertainment Group has 11.20% 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 TME a Buy, Sell or Hold?

Tencent Music Entertainment Group has a conensus rating of Strong Buy which is based on 14 buy ratings, 1 hold ratings and 0 sell ratings.

What is Tencent Music Entertainment Group’s price target?

The average price target for Tencent Music Entertainment Group is $12.51. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $14.00 ,the lowest forecast is $10.30. The average price target represents 11.20% Increase from the current price of $11.25.

What do analysts say about Tencent Music Entertainment Group?

Tencent Music Entertainment Group’s analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.

How can I buy shares of TME?

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Tencent Music Entertainment Group (TME) Stock Forecast & Price Target

TME Analyst Ratings

TME Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Music Entertainment Group

TME Analyst Recommendation Trends

TME Financial Forecast

TME Earnings Forecast

TME Sales Forecast

TME Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts