Tencent Music Entertainment Group (TME)
NYSE:TME

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

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See the Price Targets and Ratings of:

TME Analyst Ratings

Moderate Buy
8Ratings
4 Buy
3 Hold
1 Sell
Based on 8 analysts giving stock ratings to
Tencent
Music Entertainment Group
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

TME Stock 12 Months Forecast

Average Price Target

$6.33
▼(-16.93% Downside)
Based on 8 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $6.33 with a high forecast of $7.70 and a low forecast of $5.00. The average price target represents a -16.93% change from the last price of $7.62.
Highest Price Target$7.70Average Price Target$6.33Lowest Price Target$5.00
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​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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Deutsche Bank
$5.00
Hold
-34.38%
Downside
Reiterated
Tencent Music Entertainment Group (TME) PT Raised to $5 at Deutsche BankDeutsche Bank analyst Leo Chiang raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $5.00 (from $4.50) while maintaining a Hold rating.
China Renaissance Securities (US) Inc.
$5.30
Hold
-30.45%
Downside
Reiterated
Tencent Music Entertainment Group (TME) PT Raised to $5.30 at China RenaissanceChina Renaissance analyst Yiwen Zhang raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $5.30 (from $4.80) while maintaining a Hold rating.
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TME Financial Forecast

TME Earnings Forecast
Next quarter’s earnings estimate for TME is $0.11 with a range of $0.09 to $0.13. The previous quarter’s EPS was $0.09. TME beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.75% of the time in the same period. In the last calendar year TME has Underperformed its overall industry.
Next quarter’s earnings estimate for TME is $0.11 with a range of $0.09 to $0.13. The previous quarter’s EPS was $0.09. TME beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.75% 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 $1.06B with a range of $1.02B to $1.07B. The previous quarter’s sales results were $1.07B. TME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.16% of the time in the same period. In the last calendar year TME has Outperformed its overall industry.
Next quarter’s sales forecast for TME is $1.06B with a range of $1.02B to $1.07B. The previous quarter’s sales results were $1.07B. TME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.16% of the time in the same period. In the last calendar year TME has Outperformed its overall industry.
TME Analyst Recommendation Trends
In the current month, TME has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The TME average analyst price target in the past 3 months is $6.33
In the current month, TME has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The TME average analyst price target in the past 3 months is $6.33

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 $6.33.
    What is TME’s upside potential, based on the analysts’ average price target?
    Currently there's no upside potential for TME, 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 Moderate Buy which is based on 4 buy ratings, 3 hold ratings and 1 sell ratings.
          What is Tencent Music Entertainment Group’s price target?
          The average price target for Tencent Music Entertainment Group is $6.33. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
          The highest analyst price target is $7.70 ,the lowest forecast is $5.00. The average price target represents -16.93% Decrease from the current price of $7.62.
            What do analysts say about Tencent Music Entertainment Group?
            Tencent Music Entertainment Group’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 8 Wall Streets Analysts.

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