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Tencent Music Entertainment Group (TME) Stock Forecast & Price Target

Tencent Music Entertainment Group logo
$11.75 -0.20 (-1.67%)
(As of 05:45 PM ET)

Tencent Music Entertainment Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
10

Based on 14 Wall Street analysts who have issued ratings for Tencent Music Entertainment Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, and 10 have given a buy rating for TME.

Consensus Price Target

$13.28
13.05% Upside
According to the 14 analysts' twelve-month price targets for Tencent Music Entertainment Group, the average price target is $13.28. The highest price target for TME is $16.00, while the lowest price target for TME is $10.40. The average price target represents a forecasted upside of 13.05% from the current price of $11.75.
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TME Analyst Ratings Over Time

TypeCurrent Forecast
12/24/23 to 12/23/24
1 Month Ago
11/24/23 to 11/23/24
3 Months Ago
9/25/23 to 9/24/24
1 Year Ago
12/24/22 to 12/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
10 Buy rating(s)
6 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$13.28$13.28$12.72$8.80
Forecasted Upside13.05% Upside15.21% Upside7.33% Upside3.41% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

TME Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TME Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Tencent Music Entertainment Group Stock vs. The Competition

TypeTencent Music Entertainment GroupComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.71
2.68
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.05% Upside276.45% Upside14.28% Upside
News Sentiment Rating
Positive News

See Recent TME News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/6/2024Barclays
3 of 5 stars
J. Shao
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Initiated CoverageOverweight$16.00+36.34%
11/4/2024Sanford C. Bernstein
3 of 5 stars
B. Van
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Initiated CoverageOutperform$14.00+25.90%
9/25/2024Morgan Stanley
3 of 5 stars
 DowngradeOverweight ➝ Equal Weight$15.00 ➝ $13.00+13.24%
8/14/2024Benchmark
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 Lower TargetBuy ➝ Buy$19.00 ➝ $15.00+34.29%
8/14/2024Mizuho
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 Lower TargetOutperform ➝ Outperform$17.00 ➝ $16.00+42.48%
8/14/2024Bank of America
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 Lower TargetBuy ➝ Buy$18.00 ➝ $15.00+34.65%
8/13/2024Daiwa America
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C. Chan
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DowngradeStrong-Buy ➝ Hold
8/13/2024Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral
3/20/2024The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$14.00+27.16%
3/20/2024HSBC
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 Boost TargetHold ➝ Hold$9.50 ➝ $10.40-5.54%
3/20/2024Citigroup
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 UpgradeNeutral ➝ Buy$9.00 ➝ $13.00+18.07%
2/5/2024CLSA
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 Initiated CoverageOutperform$10.50+15.89%
2/5/2024Redburn Atlantic
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 Initiated CoverageBuy$12.00+32.45%
1/24/2024UBS Group
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 UpgradeNeutral ➝ Buy$10.50+22.38%
11/16/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$7.00 ➝ $10.00+21.43%
5/17/2023888
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 Reiterated RatingMaintains
5/17/202351job
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 Reiterated RatingMaintains
5/17/2023China Renaissance
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 UpgradeHold ➝ Buy$10.60+38.20%
5/17/2023Macquarie
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 UpgradeUnderperform ➝ Neutral$5.10 ➝ $7.40-3.52%
1/19/202386 Research
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:45 PM ET.


TME Forecast - Frequently Asked Questions

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Tencent Music Entertainment Group is $13.28, with a high forecast of $16.00 and a low forecast of $10.40.

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TME shares.

According to analysts, Tencent Music Entertainment Group's stock has a predicted upside of 13.05% based on their 12-month stock forecasts.

Over the previous 90 days, Tencent Music Entertainment Group's stock had 1 downgrade by analysts.

Tencent Music Entertainment Group has been rated by research analysts at Barclays, Morgan Stanley, and Sanford C. Bernstein in the past 90 days.

Analysts like Tencent Music Entertainment Group more than other "computer and technology" companies. The consensus rating score for Tencent Music Entertainment Group is 2.71 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how TME compares to other companies.


This page (NYSE:TME) was last updated on 12/23/2024 by MarketBeat.com Staff
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