Based on 15 Wall Street analysts offering 12 month price targets for Tencent Holdings Limited in the last 3 months. The average price target is HK$451.39 with a high forecast of HK$523.85 and a low forecast of HK$329.91. The average price target represents a 14.28% change from the last price of HK$395.00.

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","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":340.459,"date":1691107200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":322.216,"date":1693526400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 4,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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Highest Price TargetHK$523.85

Average Price TargetHK$451.39

Lowest Price TargetHK$329.91

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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Macquarie

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Reiterated

05/16/24

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Nomura

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Reiterated

05/16/24

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Goldman Sachs

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Reiterated

05/16/24

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CMB International Securities

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Reiterated

05/15/24

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CLSA

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Reiterated

05/15/24

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Bernstein

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Assigned

05/15/24

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J.P. Morgan

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Reiterated

05/15/24

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HSBC

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Reiterated

05/15/24

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Mizuho Securities

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Reiterated

05/14/24

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DBS

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Reiterated

05/14/24

Thomas Chong

Jefferies

HK$453.00

Buy

14.68%

Upside

Assigned

05/14/24

Tencent Holdings Limited: A Strong Buy on Robust Q1 Performance and Diverse Revenue Growth

Markus Leistner

DZ BANK AG

HK$385.00

Buy

-2.53%

Downside

Upgraded

04/26/24

Tencent upgraded to Buy from Hold at DZ BankTencent upgraded to Buy from Hold at DZ Bank

Alicia Yap

Citi

―

Buy

―

Reiterated

04/23/24

Citi Reaffirms Their Buy Rating on Tencent Holdings Limited (TCTZF)

Gary Yu

Morgan Stanley

HK$400.00

Buy

1.27%

Upside

Reiterated

04/14/24

Morgan Stanley Reiterates Overweight Rating on Tencent Holdings (700:HK) (TCEHY)Morgan Stanley analyst Gary Yu reiterated an Overweight rating and HK$400.00 price target on Tencent Holdings (700:HK) (OTC: TCEHY).

Lei Yang CFA

CGS-CIMB

HK$478.00

Buy

21.01%

Upside

Reiterated

03/21/24

We now forecast Tencent delivering a topline growth of 10.4% yoy and non-IFRS net profit growth of 18.2% yoy in FY24F. Leveraging AI technologies Management said in the results call on 20 Mar that Hunyuan, Tencent’s large language model (LLM), will help improve its ad-targeting capabilities and drive substantial revenue growth ahead. Management believes Tencent’s Hunyuan is currently among the top-tier Chinese LLMs, and we expect leveraging AI technologies will further lift Tencent’s overall profitability, while its cloud and game business should also benefit from improving AI technology.

Best Analysts Covering Tencent Holdings Limited

Which Analyst Should I Follow If I Want to Buy HK:0700 and Sell After:

1 Month

Alicia YapCiti

Success Rate

4/5 ratings generated profit

Average Return

+8.32%

reiterated a buy rating 26 days ago

Copying Alicia Yap's trades and holding each position for 1 Month would result in 80.00% of your transactions generating a profit, with an average return of +8.32% 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

Robin ZhuBernstein

Success Rate

4/5 ratings generated profit

Average Return

+8.16%

assigned a buy rating 4 days ago

Copying Robin Zhu'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 +8.16% 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

Alicia YapCiti

Success Rate

5/5 ratings generated profit

Average Return

+33.24%

reiterated a buy rating 26 days ago

Copying Alicia Yap'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 +33.24% per trade.

2 Years

Alicia YapCiti

Success Rate

5/5 ratings generated profit

Average Return

+33.24%

reiterated a buy rating 26 days ago

Copying Alicia Yap'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 +33.24% 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.

0700 Analyst Recommendation Trends

Rating

Dec 23

Jan 24

Mar 24

Apr 24

May 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, 0700 has received 27 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. 0700 average Analyst price target in the past 3 months is HK$451.39.

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.

0700 Financial Forecast

0700 Earnings Forecast

Next quarter’s earnings estimate for 0700 is HK$5.44 with a range of HK$4.99 to HK$5.88. The previous quarter’s EPS was HK$5.68. 0700 beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 48.08% of the time in the same period. In the last calendar year 0700 has Outperformed its overall industry.

0700 Sales Forecast

Next quarter’s sales forecast for 0700 is HK$174.42B with a range of HK$167.85B to HK$180.00B. The previous quarter’s sales results were HK$173.53B. 0700 beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 77.19% of the time in the same period. In the last calendar year 0700 has Underperformed its overall industry.

0700 Stock Forecast FAQ

What is HK:0700’s average 12-month price target, according to analysts?

Based on analyst ratings, Tencent Holdings Limited’s 12-month average price target is HK$451.39.

What is HK:0700’s upside potential, based on the analysts’ average price target?

Tencent Holdings Limited has 14.28% 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 Holdings Limited a Buy, Sell or Hold?

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

What is Tencent Holdings Limited’s share price target?

The average share price target for Tencent Holdings Limited is HK$451.39. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is HK$523.85 ,and the lowest forecast is HK$329.91. The average share price target represents 14.28% Increase from the current price of HK$395.

What do analysts say about Tencent Holdings Limited?

Tencent Holdings Limited’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 Tencent Holdings Limited?

To buy shares of HK:0700, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.

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Tencent Holdings Limited (0700) Stock Forecast & Price Target

0700 Analyst Ratings

0700 Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Holdings Limited

0700 Analyst Recommendation Trends

0700 Financial Forecast

0700 Earnings Forecast

0700 Sales Forecast

0700 Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts