Based on 4 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $14.00 with a high forecast of $16.00 and a low forecast of $13.00. The average price target represents a 55.56% change from the last price of $9.00.

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Highest Price Target$16.00

Average Price Target$14.00

Lowest Price Target$13.00

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

xxxxxxxxxxxxxxxxxx

Morgan Stanley

xxxxxxxxxxxxx

Upgraded

01/19/25

Reiterated

01/10/25

Upgraded

12/27/24

Reiterated

12/20/24

xxxxxxxxxxxxx

Fawne Jiang

Benchmark Co.

$15

Buy

66.67%

Upside

Reiterated

11/13/24

Benchmark Co. Remains a Buy on Tencent Music Entertainment Group (TME)

Saiyi He

CMB International Securities

$16

Buy

77.78%

Upside

Reiterated

11/13/24

Tencent Music Entertainment Group: Robust Financial Performance and Strategic Growth Initiatives Drive Buy Rating

Lei Zhang

Bank of America Securities

$14

Buy

55.56%

Upside

Reiterated

11/13/24

Tencent Music's SVIP Strategy and Profitability Trends Justify Buy Rating Despite Mixed Results

Alicia Yap

Citi

$15→$14.5

Buy

61.11%

Upside

Reiterated

11/12/24

Tencent Music price target lowered to $14.50 from $15 at CitiTencent Music price target lowered to $14.50 from $15 at Citi

Wei Fang

Mizuho Securities

―

Buy

―

Reiterated

11/12/24

Tencent Music Entertainment: Strategic Growth and Promising Long-term Outlook

Ellie Jiang

Macquarie

$14→$16.2

Buy

80.00%

Upside

Reiterated

10/07/24

Tencent Music price target raised to $16.20 from $14 at MacquarieTencent Music price target raised to $16.20 from $14 at Macquarie

Charlene Liu

HSBC

$11→$13.5

Hold

50.00%

Upside

Reiterated

10/03/24

Tencent Music Entertainment Group (TME) PT Raised to $13.50 at HSBCHSBC analyst Charlene Liu raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.50 (from $11.00) while maintaining a Hold rating.

Alex Yao

J.P. Morgan

$16

Buy

77.78%

Upside

Reiterated

08/14/24

Analysts Are Bullish on These Communication Services Stocks: Cogent Comms (CCOI), Tencent Music Entertainment Group (TME)

Thomas Chong

Jefferies

$15.4

Buy

71.11%

Upside

Reiterated

08/13/24

Jefferies reiterates Buy Rating on Tencent Music Entertainment Group (TME)Jefferies analyst Thomas Chong reiterated a Buy rating and $15.40 price target on Tencent Music Entertainment Group (NYSE: TME)

Candis Chan

Daiwa

$12

Hold

33.33%

Upside

Downgraded

08/13/24

Tencent Music downgraded to Neutral from Outperform at DaiwaTencent Music downgraded to Neutral from Outperform at Daiwa

Lincoln Kong

Goldman Sachs

$14→$16

Buy

77.78%

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.

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

xxx

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

Best Analysts Covering Tencent Music Entertainment Group

Which Analyst Should I Follow If I Want to Buy GB:0A2Z and Sell After:

1 Month

xxx

Success Rate

9/10 ratings generated profit

Average Return

+8.92%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 90.00% of your transactions generating a profit, with an average return of +8.92% per trade.

3 Months

xxx

Success Rate

6/8 ratings generated profit

Average Return

+14.64%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 75.00% of your transactions generating a profit, with an average return of +14.64% per trade.

1 Year

Lei ZhangBank of America Securities

Success Rate

10/11 ratings generated profit

Average Return

+34.25%

reiterated a buy rating 3 months ago

Copying Lei Zhang's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +34.25% per trade.

2 Years

xxx

Success Rate

10/11 ratings generated profit

Average Return

+40.95%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 90.91% of your transactions generating a profit, with an average return of +40.95% 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.

0A2Z Analyst Recommendation Trends

Rating

Sep 24

Oct 24

Nov 24

Dec 24

Jan 25

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, 0A2Z has received 14 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. 0A2Z average Analyst price target in the past 3 months is $14.00.

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

0A2Z Financial Forecast

0A2Z Earnings Forecast

Next quarter’s earnings estimate for 0A2Z is $0.17 with a range of $0.14 to $0.19. The previous quarter’s EPS was $0.14. 0A2Z beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 58.62% of the time in the same period. In the last calendar year 0A2Z has Preformed in-line its overall industry.

0A2Z Sales Forecast

Next quarter’s sales forecast for 0A2Z is $1.00B with a range of $994.42M to $1.01B. The previous quarter’s sales results were $978.70M. 0A2Z beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 56.25% of the time in the same period. In the last calendar year 0A2Z has Outperformed its overall industry.

0A2Z Stock Forecast FAQ

What is GB:0A2Z’s average 12-month price target, according to analysts?

Based on analyst ratings, Tencent Music Entertainment’s 12-month average price target is $14.00.

What is GB:0A2Z’s upside potential, based on the analysts’ average price target?

Tencent Music Entertainment has 55.56% 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 a Buy, Sell or Hold?

Tencent Music Entertainment has a consensus rating of Strong Buy, which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.

What is Tencent Music Entertainment’s share price target?

The average share price target for Tencent Music Entertainment is $14.00. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is $16.00 ,and the lowest forecast is $13.00. The average share price target represents 55.56% Increase from the current price of $9.

What do analysts say about Tencent Music Entertainment?

Tencent Music Entertainment’s analyst rating consensus is a Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.

How can I buy shares of Tencent Music Entertainment?

To buy shares of GB:0A2Z, 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 (0A2Z) Share Forecast & Price Target

0A2Z Analyst Ratings

0A2Z Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Music Entertainment Group

0A2Z Analyst Recommendation Trends

0A2Z Financial Forecast

0A2Z Earnings Forecast

0A2Z Sales Forecast

0A2Z Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts