Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Tencent Music Entertainment Group (TME)
NYSE:TME
RESEARCH TOOLSreports
Holding TME?
Track your performance easily
See the Price Targets and Ratings of:
TME Analyst Ratings
Strong Buy
7 Buy
2 Hold
0 Sell
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
$15.04
▲(52.54% Upside)
| Highest Price Target$18.00 | Average Price Target$15.04 | Lowest Price Target$12.00 |
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
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Benchmark Co.
Reiterated
08/14/24
CMB International Securities
Reiterated
08/14/24
86Research
Upgraded
08/14/24
J.P. Morgan
Reiterated
08/14/24
Mizuho Securities
Reiterated
08/14/24
Daiwa
Downgraded
08/13/24
Bank of America Securities
Reiterated
08/13/24
Jefferies
Reiterated
08/13/24
Citi
Reiterated
08/13/24
CFRA
Reiterated
05/14/24
Goldman Sachs
$14→$16
Buy
62.27%
Upside
Reiterated
05/14/24
Tencent Music Entertainment Group (TME) PT Raised to $16 at Goldman SachsGoldman Sachs analyst Ronald Keung raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $16.00 (from $14.00) while maintaining a Buy rating.
Morgan Stanley
$13.5
Buy
36.92%
Upside
Assigned
04/17/24
Buy Rating for Tencent Music: Forecasting Substantial Subscriber Growth and Robust Profitability
UBS
$10.5→$13
Buy
31.85%
Upside
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
5.48%
Upside
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
China Merchants Securities
$13
Buy
31.85%
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.
Best Analysts Covering Tencent Music Entertainment Group
Which Analyst Should I Follow If I Want to Buy TME and Sell After:
1 Month
xxx
Success Rate
8/9 ratings generated profit
Average Return
+8.74%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 88.89% of your transactions generating a profit, with an average return of +8.74% per trade.
3 Months
xxx
Success Rate
5/7 ratings generated profit
Average Return
+13.00%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 71.43% of your transactions generating a profit, with an average return of +13.00% per trade.
1 Year
2 Years
xxx
Success Rate
12/17 ratings generated profit
Average Return
+16.75%
assigned a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 70.59% of your transactions generating a profit, with an average return of +16.75% per trade.
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
Feb 24
Mar 24
Apr 24
May 24
Aug 24
Strong Buy
0
0
0
0
1
Buy
20
23
18
22
18
Hold
3
3
1
1
2
Sell
0
0
0
1
1
Strong Sell
0
0
0
0
0
total
23
26
19
24
22
Each month's total comprises the sum of three months' worth of ratings.
TME Financial Forecast
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 $15.04.
What is TME’s upside potential, based on the analysts’ average price target?
Tencent Music Entertainment Group has 52.54% 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 7 buy ratings, 2 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 $15.04. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $18.00 ,the lowest forecast is $12.00. The average price target represents 52.54% Increase from the current price of $9.86.
The highest analyst price target is $18.00 ,the lowest forecast is $12.00. The average price target represents 52.54% Increase from the current price of $9.86.
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 9 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.