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Tencent Music Entertainment Group has a consensus price target of $15.44 based on the ratings of 17 analysts. The high is $29 issued by Citigroup on August 12, 2025. The low is $7.4 issued by Macquarie on May 17, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Benchmark, and Barclays on December 22, 2025, November 13, 2025, and November 12, 2025, respectively. With an average price target of $26 between Morgan Stanley, Benchmark, and Barclays, there's an implied 59.90% upside for Tencent Music Entertainment Group from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Tencent Music Enter Gr (NYSE:TME) was reported by Morgan Stanley on December 22, 2025. The analyst firm set a price target for $25.00 expecting TME to rise to within 12 months (a possible 53.75% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Tencent Music Enter Gr (NYSE:TME) was provided by Morgan Stanley, and Tencent Music Enter Gr maintained their overweight rating.
The last upgrade for Tencent Music Entertainment Group happened on January 21, 2025 when Morgan Stanley raised their price target to $13. Morgan Stanley previously had an equal-weight for Tencent Music Entertainment Group.
The last downgrade for Tencent Music Entertainment Group happened on September 25, 2024 when Morgan Stanley changed their price target from $15 to $13 for Tencent Music Entertainment Group.
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 December 22, 2025 so you should expect the next rating to be made available sometime around December 22, 2026.
While ratings are subjective and will change, the latest Tencent Music Enter Gr (TME) rating was a maintained with a price target of $27.50 to $25.00. The current price Tencent Music Enter Gr (TME) is trading at is $16.26, which is out of the analyst’s predicted range.
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