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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
8 Buy
0 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
$14.64
▲(35.81% Upside)
| Highest Price Target$16.00 | Average Price Target$14.64 | 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
Bernstein
Reiterated
01/10/25
86Research
Upgraded
12/27/24
Barclays
Reiterated
12/20/24
Benchmark Co.
Reiterated
11/13/24
CMB International Securities
Reiterated
11/13/24
Bank of America Securities
Reiterated
11/13/24
Mizuho Securities
Reiterated
11/12/24
Citi
Reiterated
11/12/24
Macquarie
$14→$16.2
Buy
50.28%
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
HSBC
$11→$13.5
Hold
25.23%
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.
Morgan Stanley
$15→$13
Hold
20.59%
Upside
Downgraded
09/25/24
Tencent Music assumed at Equal Weight from Overweight at Morgan StanleyTencent Music assumed at Equal Weight from Overweight at Morgan Stanley
J.P. Morgan
$16
Buy
48.42%
Upside
Reiterated
08/14/24
Analysts Are Bullish on These Communication Services Stocks: Cogent Comms (CCOI), Tencent Music Entertainment Group (TME)
Daiwa
$12
Hold
11.32%
Upside
Downgraded
08/13/24
Tencent Music downgraded to Neutral from Outperform at DaiwaTencent Music downgraded to Neutral from Outperform at Daiwa
Jefferies
$15.4
Buy
42.86%
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)
CFRA
$13→$17
Buy
57.70%
Upside
Reiterated
05/14/24
Tencent Music Entertainment Group (TME) PT Raised to $17 at CFRACFRA analyst Ahmad Halim raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $17.00 (from $13.00) while maintaining a Buy rating.
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
9/10 ratings generated profit
Average Return
+8.92%
reiterated a xxx
rating 2 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
7/11 ratings generated profit
Average Return
+11.79%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 63.64% of your transactions generating a profit, with an average return of +11.79% per trade.
1 Year
Success Rate
7/11 ratings generated profit
Average Return
+22.78%
reiterated a buy rating 5 months ago
Copying Thomas Chong's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +22.78% per trade.
2 Years
xxx
Success Rate
5/9 ratings generated profit
Average Return
+24.58%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 55.56% of your transactions generating a profit, with an average return of +24.58% 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
Sep 24
Oct 24
Nov 24
Dec 24
Jan 25
Strong Buy
1
1
0
0
0
Buy
15
7
11
14
14
Hold
3
4
2
1
0
Sell
1
0
0
0
0
Strong Sell
0
0
0
0
0
total
20
12
13
15
14
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 $14.64.
What is TME’s upside potential, based on the analysts’ average price target?
Tencent Music Entertainment Group has 35.81% 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 8 buy ratings, 0 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 $14.64. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $16.00 ,the lowest forecast is $13.00. The average price target represents 35.81% Increase from the current price of $10.78.
The highest analyst price target is $16.00 ,the lowest forecast is $13.00. The average price target represents 35.81% Increase from the current price of $10.78.
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 8 Wall Streets Analysts.
How can I buy shares of TME?
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