Tencent (TCEHY) Stock Forecast & Price Target

$51.86 -0.35 (-0.67%)

(As of 11/19/2024 ET)

Tencent - Analysts' Recommendations and Stock Price Forecast (2024)

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

Strong Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for Tencent in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 2 analysts, 1 has given a buy rating, and 1 has given a strong buy rating for TCEHY.

Consensus Price Target

$46.00
-11.30% Downside

According to the 2 analysts' twelve-month price targets for Tencent, the average price target is $46.00. The highest price target for TCEHY is $46.00, while the lowest price target for TCEHY is $46.00. The average price target represents a forecasted downside of -11.30% from the current price of $51.86.

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TCEHY Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$46.00	$46.00	$46.00	$212.50
Forecasted Upside	-11.30% Downside	-15.04% Downside	-4.13% Downside	413.78% Upside
Consensus Rating	Strong Buy	Strong Buy	Moderate Buy	Moderate Buy

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TCEHY 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.

TCEHY 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.

Tencent Stock vs. The Competition

Type	Tencent	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.50	2.67	2.50
Consensus Rating	Strong Buy	Moderate Buy	Moderate Buy
Predicted Upside	-11.30% Downside	551.90% Upside	9.99% Upside
News Sentiment Rating	Neutral News See Recent TCEHY News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	New Street Research 4 of 5 stars	J. Yoon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
1/31/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$50.00 ➝ $46.00	+31.81%
9/12/2023	Investec 4 of 5 stars		Upgrade	Sell ➝ Hold
5/9/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$400.00 ➝ $375.00	+767.45%
4/3/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:26 PM ET.

Should I Buy Tencent Stock? TCEHY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Tencent pros and cons to contact@marketbeat.com.

Tencent
Bull Case

Here are some ways that investors could benefit from investing in Tencent Holdings:

Tencent's stock price has been showing positive momentum, currently trading at $57.04, near its 52-week high of $57.30, indicating potential for further growth.
Tencent reported strong quarterly earnings with an EPS of $0.73, surpassing analysts' estimates, showcasing the company's financial strength and profitability.
New Street Research recently upgraded Tencent to a "strong-buy" rating, suggesting confidence in the company's future performance and growth prospects.
Tencent's diverse business segments, including value-added services, online advertising, fintech, and business services, provide a well-rounded investment opportunity in various sectors.
With a market capitalization of $534.04 billion, Tencent is a major player in the industry, offering stability and potential for long-term growth.

Tencent
Bear Case

Investors should be bearish about investing in Tencent Holdings for these reasons:

Despite recent positive performance, Tencent's stock has a beta of 0.18, indicating lower volatility compared to the market, potentially limiting short-term gains.
There is a level of uncertainty surrounding regulatory challenges in China that could impact Tencent's operations and growth potential in the future.
While Tencent has shown resilience, the current global economic conditions and geopolitical tensions may pose risks to the company's international expansion and revenue streams.
Investors should carefully monitor Tencent's debt-to-equity ratio of 0.31, as higher debt levels could affect the company's financial flexibility and future investments.
Considering the competitive landscape in the tech industry, investors need to assess Tencent's ability to innovate and stay ahead of emerging trends to maintain its market position.

TCEHY Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Tencent is $46.00, with a high forecast of $46.00 and a low forecast of $46.00.
: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent in the last year. There is currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" TCEHY shares.
: According to analysts, Tencent's stock has a predicted downside of -11.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Tencent's stock had 1 upgrade by analysts.
: Tencent has been rated by research analysts at New Street Research in the past 90 days.
: Analysts like Tencent more than other "computer and technology" companies. The consensus rating for Tencent is Strong Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how TCEHY compares to other companies.

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This page (OTCMKTS:TCEHY) was last updated on 11/20/2024 by MarketBeat.com Staff

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Tencent (TCEHY) Stock Forecast & Price Target