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$16.74
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$16.72
-0.02-0.12%
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Tencent Music Enter Gr Analyst Ratings and Price Targets | NYSE:TME | Benzinga
Tencent Music Entertainment Group has a consensus price target of $12.46 based on the ratings of 16 analysts. The high is $17 issued by Mizuho on March 19, 2025. The low is $7.4 issued by Macquarie on May 17, 2023. The 3 most-recent analyst ratings were released by Mizuho, Morgan Stanley, and Barclays on March 19, 2025, January 21, 2025, and November 6, 2024, respectively. With an average price target of $15.33 between Mizuho, Morgan Stanley, and Barclays, there's an implied -8.29% downside for Tencent Music Entertainment Group from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Mizuho
Morgan Stanley
Barclays
Bernstein
Benchmark
1calculated from analyst ratings
Analyst Ratings for Tencent Music Enter Gr
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/19/2025 | Buy Now | 1.67% | Mizuho | Wei Fang70% | $16 → $17 | Maintains | Outperform | Get Alert |
| 01/21/2025 | Buy Now | -22.25% | Morgan Stanley | Alex Poon72% | $13 → $13 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 11/06/2024 | Buy Now | -4.31% | Barclays | Jiong Shao70% | → $16 | Initiates | → Overweight | Get Alert |
| 11/04/2024 | Buy Now | -16.27% | Bernstein | Boris Van39% | → $14 | Initiates | → Outperform | Get Alert |
| 09/25/2024 | Buy Now | -22.25% | Morgan Stanley | Alex Poon72% | $15 → $13 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 08/14/2024 | Buy Now | -10.29% | Benchmark | Fawne Jiang71% | $19 → $15 | Maintains | Buy | Get Alert |
| 08/14/2024 | Buy Now | -4.31% | Mizuho | Wei Fang70% | $17 → $16 | Maintains | Outperform | Get Alert |
| 08/14/2024 | Buy Now | -10.29% | B of A Securities | Lei Zhang66% | $18 → $15 | Maintains | Buy | Get Alert |
| 05/14/2024 | Buy Now | 13.64% | Benchmark | Fawne Jiang71% | $14 → $19 | Maintains | Buy | Get Alert |
| 05/14/2024 | Buy Now | 1.67% | Mizuho | Wei Fang70% | $15 → $17 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | -10.29% | Mizuho | Wei Fang70% | $13 → $15 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -19.26% | Morgan Stanley | Alex Poon72% | $11 → $13.5 | Maintains | Overweight | Get Alert |
| 03/20/2024 | Buy Now | -16.27% | Goldman Sachs | Ronald Keung40% | → $14 | Upgrade | Neutral → Buy | Get Alert |
| 03/20/2024 | Buy Now | -22.25% | Mizuho | Wei Fang70% | $12 → $13 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -16.27% | Benchmark | Fawne Jiang71% | $9 → $14 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -37.8% | HSBC | Charlene Liu53% | $9.5 → $10.4 | Maintains | Hold | Get Alert |
| 03/20/2024 | Buy Now | -26.44% | B of A Securities | Lei Zhang66% | $10.5 → $12.3 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -22.25% | Citigroup | Alicia Yap60% | $9 → $13 | Upgrade | Neutral → Buy | Get Alert |
| 02/05/2024 | Buy Now | -28.23% | Redburn Atlantic | Agnieszka Pustula34% | → $12 | Initiates | → Buy | Get Alert |
| 02/05/2024 | Buy Now | -37.2% | CLSA | Maggie Ye67% | → $10.5 | Initiates | → Outperform | Get Alert |
| 01/24/2024 | Buy Now | -37.2% | UBS | Kenneth Fong36% | → $10.5 | Upgrade | Neutral → Buy | Get Alert |
| 01/17/2024 | Buy Now | -34.21% | Mizuho | James Lee79% | $10 → $11 | Maintains | Buy | Get Alert |
| 11/16/2023 | Buy Now | -40.19% | JP Morgan | Alex Yao61% | $7 → $10 | Upgrade | Neutral → Overweight | Get Alert |
| 11/15/2023 | Buy Now | -46.17% | Benchmark | Fawne Jiang71% | → $9 | Reiterates | Buy → Buy | Get Alert |
| 08/16/2023 | Buy Now | -47.37% | B of A Securities | Lei Zhang66% | $10 → $8.8 | Maintains | Buy | Get Alert |
| 08/16/2023 | Buy Now | -58.13% | Citigroup | Alicia Yap60% | $7.5 → $7 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | -55.14% | Citigroup | Alicia Yap60% | $9.7 → $7.5 | Downgrade | Buy → Neutral | Get Alert |
| 07/26/2023 | Buy Now | — | JP Morgan | Alex Yao61% | — | Downgrade | Overweight → Neutral | Get Alert |
| 07/20/2023 | Buy Now | -55.74% | HSBC | Charlene Liu53% | $8.4 → $7.4 | Maintains | Hold | Get Alert |
| 05/18/2023 | Buy Now | -34.21% | Benchmark | Fawne Jiang71% | → $11 | Reiterates | Buy → Buy | Get Alert |
| 05/18/2023 | Buy Now | -41.99% | Citigroup | Alicia Yap60% | $8.2 → $9.7 | Upgrade | Neutral → Buy | Get Alert |
| 05/17/2023 | Buy Now | -34.21% | Mizuho | Wei Fang70% | $10 → $11 | Maintains | Buy | Get Alert |
| 05/17/2023 | Buy Now | -36.6% | China Renaissance | Yiwen Zhang43% | → $10.6 | Upgrade | Hold → Buy | Get Alert |
| 05/17/2023 | Buy Now | -41.99% | Citigroup | Alicia Yap60% | → $9.7 | Upgrade | Neutral → Buy | Get Alert |
| 05/17/2023 | Buy Now | -55.74% | Macquarie | Ellie Jiang51% | $5.1 → $7.4 | Upgrade | Underperform → Neutral | Get Alert |
| 05/17/2023 | Buy Now | -49.76% | HSBC | Charlene Liu53% | $7.7 → $8.4 | Maintains | Buy | Get Alert |
| 04/24/2023 | Buy Now | -40.19% | Mizuho | Wei Fang70% | → $10 | Initiates | → Buy | Get Alert |
| 03/22/2023 | Buy Now | -34.21% | Benchmark | Fawne Jiang71% | → $11 | Reiterates | → Buy | Get Alert |
| 01/09/2023 | Buy Now | -52.15% | Goldman Sachs | Ronald Keung40% | $5 → $8 | Maintains | Neutral | Get Alert |
| 12/01/2022 | Buy Now | -49.16% | Morgan Stanley | Alex Poon72% | $4.5 → $8.5 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 11/21/2022 | Buy Now | -53.95% | JP Morgan | Alex Yao61% | $4.8 → $7.7 | Upgrade | Neutral → Overweight | Get Alert |
| 11/16/2022 | Buy Now | -58.13% | Benchmark | Fawne Jiang71% | → $7 | Upgrade | Hold → Buy | Get Alert |
FAQ
What is the target price for Tencent Music Enter Gr (TME) stock?
The latest price target for Tencent Music Enter Gr (NYSE:TME) was reported by Mizuho on March 19, 2025. The analyst firm set a price target for $17.00 expecting TME to rise to within 12 months (a possible 1.67% upside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Tencent Music Enter Gr (TME)?
The latest analyst rating for Tencent Music Enter Gr (NYSE:TME) was provided by Mizuho, and Tencent Music Enter Gr maintained their outperform rating.
When was the last upgrade for Tencent Music Enter Gr (TME)?
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.
When was the last downgrade for Tencent Music Enter Gr (TME)?
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.
When is the next analyst rating going to be posted or updated for Tencent Music Enter Gr (TME)?
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 March 19, 2025 so you should expect the next rating to be made available sometime around March 19, 2026.
Is the Analyst Rating Tencent Music Enter Gr (TME) correct?
While ratings are subjective and will change, the latest Tencent Music Enter Gr (TME) rating was a maintained with a price target of $16.00 to $17.00. The current price Tencent Music Enter Gr (TME) is trading at is $16.72, which is within the analyst’s predicted range.
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