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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

Strong Buy
10Ratings
9 Buy
0 Hold
1 Sell
Based on 10 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 Month Forecast

Average Price Target

$15.97
▲(5.55% Upside)
Based on 10 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $15.97 with a high forecast of $19.00 and a low forecast of $11.80. The average price target represents a 5.55% change from the last price of $15.13.
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Highest Price Target$19.00Average Price Target$15.97Lowest Price Target$11.80
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
Follow
Article
UBS
$10.5$13
Buy
-14.08%
Downside
Reiterated
03/20/24
Tencent Music Entertainment Group (TME) PT Raised to $13 at UBSUBS analyst Kenneth Fong raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.00 (from $10.50) while maintaining a Buy rating.
HSBC
$9.5$10.4
Hold
-31.26%
Downside
Reiterated
03/20/24
Tencent Music price target raised to $10.40 from $9.50 at HSBCTencent Music price target raised to $10.40 from $9.50 at HSBC
Citi
$13
Buy
-14.08%
Downside
Upgraded
03/20/24
Citi upgrades Tencent Music Entertainment Group (TME) to a Buy
China Merchants Securities
$13
Buy
-14.08%
Downside
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.
Redburn Atlantic
$12
Buy
-20.69%
Downside
Initiated
02/05/24
Tencent Music initiated with a Buy at Redburn AtlanticTencent Music initiated with a Buy at Redburn Atlantic

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
8/8 ratings generated profit
100%
Average Return
+11.65%
reiterated a buy rating 2 months ago
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 +11.65% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
6/6 ratings generated profit
100%
Average Return
+21.63%
reiterated a buy rating 2 months ago
Copying Saiyi HE's trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +21.63% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
Saiyi HECMB International Securities
Success Rate
6/6 ratings generated profit
100%
Average Return
+75.57%
reiterated a buy rating 2 months ago
Copying Saiyi HE'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 +75.57% per trade.
2 Years
Fawne JiangBenchmark Co.
Success Rate
7/7 ratings generated profit
100%
Average Return
+92.84%
reiterated a buy rating 2 months ago
Copying Fawne Jiang'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 +92.84% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
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
Jan 24
Feb 24
Mar 24
Apr 24
May 24
Strong Buy
0
0
0
0
0
Buy
17
20
23
18
22
Hold
4
3
3
1
1
Sell
0
0
0
0
1
Strong Sell
0
0
0
0
0
total
21
23
26
19
24
In the current month, TME has received 22 Buy Ratings, 1 Hold Ratings, and 1 Sell Ratings. TME average Analyst price target in the past 3 months is $15.97.
Each month's total comprises the sum of three months' worth of ratings.
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TME Financial Forecast

TME Earnings Forecast

Next quarter’s earnings estimate for TME is $0.15 with a range of $0.13 to $0.17. The previous quarter’s EPS was $0.13. TME beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.19% 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 $0.15 with a range of $0.13 to $0.17. The previous quarter’s EPS was $0.13. TME beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.19% 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 $983.35M with a range of $960.94M to $999.30M. The previous quarter’s sales results were $941.54M. TME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 58.56% 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 $983.35M with a range of $960.94M to $999.30M. The previous quarter’s sales results were $941.54M. TME beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 58.56% 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 $15.97.
    What is TME’s upside potential, based on the analysts’ average price target?
    Tencent Music Entertainment Group has 5.55% 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 consensus rating of Strong Buy which is based on 9 buy ratings, 0 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 $15.97. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $19.00 ,the lowest forecast is $11.80. The average price target represents 5.55% Increase from the current price of $15.13.
              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 10 Wall Streets Analysts.
                How can I buy shares of TME?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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