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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
Moderate Buy
10 Buy
4 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
$14.61
▲(33.79% Upside)
| Highest Price Target$16.20 | Average Price Target$14.61 | 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
Citi
Reiterated
11/12/24
Barclays
Initiated
11/07/24
Bernstein
Initiated
11/04/24
Macquarie
Reiterated
10/07/24
HSBC
Reiterated
10/03/24
Morgan Stanley
Downgraded
09/25/24
Benchmark Co.
Reiterated
08/14/24
CMB International Securities
Reiterated
08/14/24
J.P. Morgan
Reiterated
08/14/24
Mizuho Securities
Reiterated
08/14/24
86Research
$12
Hold
9.89%
Upside
Upgraded
08/14/24
86Research upgrades Tencent Music Entertainment Group (TME) to Hold86Research analyst Charlie Chai upgraded Tencent Music Entertainment Group (NYSE: TME) from Sell to Hold with a price target of $12.00.
Jefferies
$15.4
Buy
41.03%
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)
Daiwa
$12
Hold
9.89%
Upside
Downgraded
08/13/24
Tencent Music downgraded to Neutral from Outperform at DaiwaTencent Music downgraded to Neutral from Outperform at Daiwa
Bank of America Securities
$15
Buy
37.36%
Upside
Reiterated
08/13/24
Tencent Music: A Strategic Shift to ARPU Growth Fuels Buy Rating
Goldman Sachs
$14→$16
Buy
46.52%
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.
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 4 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
6/7 ratings generated profit
Average Return
+15.16%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 85.71% of your transactions generating a profit, with an average return of +15.16% per trade.
1 Year
Success Rate
9/10 ratings generated profit
Average Return
+34.45%
reiterated a buy rating 4 months ago
Copying Lei Zhang's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +34.45% per trade.
2 Years
xxx
Success Rate
9/10 ratings generated profit
Average Return
+31.99%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 90.00% of your transactions generating a profit, with an average return of +31.99% 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
May 24
Aug 24
Sep 24
Oct 24
Nov 24
Strong Buy
0
1
1
1
0
Buy
22
18
15
7
4
Hold
1
2
3
4
2
Sell
1
1
1
0
0
Strong Sell
0
0
0
0
0
total
24
22
20
12
6
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 $14.61.
What is TME’s upside potential, based on the analysts’ average price target?
Tencent Music Entertainment Group has 33.79% 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 Moderate Buy which is based on 10 buy ratings, 4 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 $14.61. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $16.20 ,the lowest forecast is $12.00. The average price target represents 33.79% Increase from the current price of $10.92.
The highest analyst price target is $16.20 ,the lowest forecast is $12.00. The average price target represents 33.79% Increase from the current price of $10.92.
What do analysts say about Tencent Music Entertainment Group?
Tencent Music Entertainment Group’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts.
How can I buy shares of TME?
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