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Cloud Music Inc. (HK:9899)
HKEX:9899
Cloud Music Inc. (9899) Stock Forecast & Price Target
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See the Price Targets and Ratings of:
9899 Analyst Ratings
Currently, no data available
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9899 Stock 12 Month Forecast
There Are No Analyst Ratings for HK:9899 In The Last 3 Months.
| Highest Price Target― | Average Price Target― | Lowest Price Target― |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
9899 Financial Forecast
Detailed List of Analyst Forecasts
Analyst Performance
Any
Analyst Rating
Any
Upside / Downside
Any
Action
Any
CMB International Securities
HK$106.5
Buy
HK$106.50
(11.64% Upside)
Reiterated
03/04/24
We expect social entertainment business to remain under pressure, and thus lower FY24-25E revenue forecast by 6-8%. However, we are positive on the core music business growth and GPM expansion, supported by the growing paid user base. We raise FY24-25E adjusted net income forecast by 1-2%, and lift our DCF-derived target price to HK$106.5 (previous: HK$99.5). Maintain BUY. Positive on core music business outlook. Online music revenue was up by 22% and accounted for 59% of total revenue in 2H23 (1H23: +13% YoY), driven by solid growth of subscription business (+24% YoY) and strengthened ad monetization capabilities. Average monthly paying users grew by 15% with paying ratio rising by 1.2ppt in 2023. For 2024, we expect online music revenue to grow by 17% YoY, driven by 16% YoY growth in monthly paying users.
Best Analysts Covering Cloud Music Inc.
Which Analyst Should I Follow If I Want to Buy HK:9899 and Sell After:
1 Month
xxx
Success Rate
2/3 ratings generated profit
Average Return
+3.73%
reiterated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 66.67% of your transactions generating a profit, with an average return of +3.73% per trade.
3 Months
xxx
Success Rate
3/3 ratings generated profit
Average Return
+15.67%
reiterated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +15.67% per trade.
1 Year
Success Rate
3/3 ratings generated profit
Average Return
+19.13%
reiterated a buy rating 5 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 +19.13% per trade.
2 Years
xxx
Success Rate
3/3 ratings generated profit
Average Return
+18.70%
reiterated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +18.70% 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.
9899 Analyst Recommendation Trends
Rating
Jul 23
Aug 23
Feb 24
Mar 24
Strong Buy
0
0
0
0
Buy
1
3
4
4
Hold
0
0
0
0
Sell
0
0
0
0
Strong Sell
0
0
0
0
total
1
3
4
4
Each month's total comprises the sum of three months' worth of ratings.
9899 Stock Forecast FAQ
What is HK:9899’s average 12-month price target, according to analysts?
Currently, no data Available
What is HK:9899’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for HK:9899, 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 Cloud Music Inc. a Buy, Sell or Hold?
Currently, no data Available
What is Cloud Music Inc.’s share price target?
Currently, no data Available
What do analysts say about Cloud Music Inc.?
Not enough analysts have published a price target to provide an average price target.
How can I buy shares of Cloud Music Inc.?
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