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Tencent Music Enter Gr

TMENYSE
$14.26
-0.18-1.25%
At Close: -
$14.26
00.00%
After Hours: Jul 19, 6:35 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$19.00
Lowest Price Target1
$5.70
Consensus Price Target1
$11.73

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Tencent Music Enter Gr (NYSE:TME) Stock, Analyst Ratings, Price Targets, Forecasts

Tencent Music Entertainment Group has a consensus price target of $11.73 based on the ratings of 19 analysts. The high is $19 issued by Benchmark on May 14, 2024. The low is $5.7 issued by Goldman Sachs on February 18, 2022. The 3 most-recent analyst ratings were released by Benchmark, Mizuho, and Mizuho on May 14, 2024, May 14, 2024, and May 10, 2024, respectively. With an average price target of $17 between Benchmark, Mizuho, and Mizuho, there's an implied 19.21% upside for Tencent Music Entertainment Group from these most-recent analyst ratings.

Analyst Trends and Forecast
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0
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0
Jan
1
Feb
1
Mar
0
0
0
0
May
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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3.7
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Benchmark
Mizuho
Morgan Stanley
Goldman Sachs
HSBC

1calculated from analyst ratings

Analyst Ratings for Tencent Music Enter Gr

Buy NowGet Alert
05/14/2024Buy Now33.24%Benchmark
Fawne Jiang
$14 → $19MaintainsBuyGet Alert
05/14/2024Buy Now19.21%Mizuho
Wei Fang
$15 → $17MaintainsBuyGet Alert
05/10/2024Buy Now5.19%Mizuho
Wei Fang
$13 → $15MaintainsBuyGet Alert
03/20/2024Buy Now-5.33%Morgan Stanley
Alex Poon
$11 → $13.5MaintainsOverweightGet Alert
03/20/2024Buy Now-1.82%Goldman Sachs
Ronald Keung
→ $14UpgradeNeutral → BuyGet Alert
03/20/2024Buy Now-8.84%Mizuho
Wei Fang
$12 → $13MaintainsBuyGet Alert
03/20/2024Buy Now-1.82%Benchmark
Fawne Jiang
$9 → $14MaintainsBuyGet Alert
03/20/2024Buy Now-27.07%HSBC
Charlene Liu
$9.5 → $10.4MaintainsHoldGet Alert
03/20/2024Buy Now-13.74%B of A Securities
Lei Zhang
$10.5 → $12.3MaintainsBuyGet Alert
03/20/2024Buy Now-8.84%Citigroup
Alicia Yap
$9 → $13UpgradeNeutral → BuyGet Alert
02/05/2024Buy Now-15.85%Redburn Atlantic
Agnieszka Pustula
→ $12Initiates → BuyGet Alert
02/05/2024Buy Now-26.37%CLSA
Maggie Ye
→ $10.5Initiates → OutperformGet Alert
01/24/2024Buy Now-26.37%UBS
Kenneth Fong
→ $10.5UpgradeNeutral → BuyGet Alert
01/17/2024Buy Now-22.86%Mizuho
James Lee
$10 → $11MaintainsBuyGet Alert
11/16/2023Buy Now-29.87%JP Morgan
Alex Yao
$7 → $10UpgradeNeutral → OverweightGet Alert
11/15/2023Buy Now-36.89%Benchmark
Fawne Jiang
→ $9ReiteratesBuy → BuyGet Alert
08/16/2023Buy Now-38.29%B of A Securities
Lei Zhang
$10 → $8.8MaintainsBuyGet Alert
08/16/2023Buy Now-50.91%Citigroup
Alicia Yap
$7.5 → $7MaintainsNeutralGet Alert
07/31/2023Buy Now-47.41%Citigroup
Alicia Yap
$9.7 → $7.5DowngradeBuy → NeutralGet Alert
07/26/2023Buy NowJP Morgan
Alex Yao
DowngradeOverweight → NeutralGet Alert
07/20/2023Buy Now-48.11%HSBC
Charlene Liu
$8.4 → $7.4MaintainsHoldGet Alert
05/18/2023Buy Now-22.86%Benchmark
Fawne Jiang
→ $11ReiteratesBuy → BuyGet Alert
05/18/2023Buy Now-31.98%Citigroup
Alicia Yap
$8.2 → $9.7UpgradeNeutral → BuyGet Alert
05/17/2023Buy Now-22.86%Mizuho
Wei Fang
$10 → $11MaintainsBuyGet Alert
05/17/2023Buy Now-25.67%China Renaissance
Yiwen Zhang
→ $10.6UpgradeHold → BuyGet Alert
05/17/2023Buy Now-31.98%Citigroup
Alicia Yap
→ $9.7UpgradeNeutral → BuyGet Alert
05/17/2023Buy Now-48.11%Macquarie
Ellie Jiang
$5.1 → $7.4UpgradeUnderperform → NeutralGet Alert
05/17/2023Buy Now-41.09%HSBC
Charlene Liu
$7.7 → $8.4MaintainsBuyGet Alert
04/24/2023Buy Now-29.87%Mizuho
Wei Fang
→ $10Initiates → BuyGet Alert
03/22/2023Buy Now-22.86%Benchmark
Fawne Jiang
→ $11Reiterates → BuyGet Alert
01/09/2023Buy Now-43.9%Goldman Sachs
Ronald Keung
$5 → $8MaintainsNeutralGet Alert
12/01/2022Buy Now-40.39%Morgan Stanley
Alex Poon
$4.5 → $8.5UpgradeEqual-Weight → OverweightGet Alert
11/21/2022Buy Now-46%JP Morgan
Alex Yao
$4.8 → $7.7UpgradeNeutral → OverweightGet Alert
11/16/2022Buy Now-50.91%Benchmark
Fawne Jiang
→ $7UpgradeHold → BuyGet Alert
02/18/2022Buy Now-60.03%Goldman Sachs
Piyush Mubayi
$7.7 → $5.7DowngradeNeutral → SellGet Alert
01/20/2022Buy NowChina Renaissance
Yiwen Zhang
DowngradeBuy → HoldGet Alert
12/28/2021Buy NowBenchmark
Fawne Jiang
Initiates → HoldGet Alert
11/15/2021Buy Now-36.89%UBS
Zhijing Liu
DowngradeBuy → NeutralGet Alert
09/13/2021Buy Now-29.87%Loop Capital
Rob Sanderson
DowngradeBuy → HoldGet Alert
08/19/2021Buy Now-36.89%Deutsche Bank
Leo Chiang
DowngradeBuy → HoldGet Alert
08/19/2021Buy Now26.23%Needham
Vincent Yu
MaintainsBuyGet Alert
08/18/2021Buy Now-36.89%Deutsche Bank
Leo Chiang
DowngradeBuy → HoldGet Alert

FAQ

Q

What is the target price for Tencent Music Enter Gr (TME) stock?

A

The latest price target for Tencent Music Enter Gr (NYSE:TME) was reported by Benchmark on May 14, 2024. The analyst firm set a price target for $19.00 expecting TME to rise to within 12 months (a possible 33.24% upside). 20 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Tencent Music Enter Gr (TME)?

A

The latest analyst rating for Tencent Music Enter Gr (NYSE:TME) was provided by Benchmark, and Tencent Music Enter Gr maintained their buy rating.

Q

When was the last upgrade for Tencent Music Enter Gr (TME)?

A

The last upgrade for Tencent Music Entertainment Group happened on March 20, 2024 when Goldman Sachs raised their price target to $14. Goldman Sachs previously had a neutral for Tencent Music Entertainment Group.

Q

When was the last downgrade for Tencent Music Enter Gr (TME)?

A

The last downgrade for Tencent Music Entertainment Group happened on July 31, 2023 when Citigroup changed their price target from $9.7 to $7.5 for Tencent Music Entertainment Group.

Q

When is the next analyst rating going to be posted or updated for Tencent Music Enter Gr (TME)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Tencent Music Enter Gr, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Tencent Music Enter Gr was filed on May 14, 2024 so you should expect the next rating to be made available sometime around May 14, 2025.

Q

Is the Analyst Rating Tencent Music Enter Gr (TME) correct?

A

While ratings are subjective and will change, the latest Tencent Music Enter Gr (TME) rating was a maintained with a price target of $14.00 to $19.00. The current price Tencent Music Enter Gr (TME) is trading at is $14.26, which is within the analyst’s predicted range.

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