$15.46
-0.03[-0.19%]
At close: May 17
$15.46
0[0.00%]
After Hours: 7:59PM EDT
Tencent Music Enter Gr
(NYSE:TME)Tencent Music Enter Gr Stock (NYSE:TME), Analyst Ratings, Price Targets, Predictions
Tencent Music Entertainment Group has a consensus price target of $11.73, established from looking at the 43 latest analyst ratings. The last 3 analyst ratings were released from Benchmark, Mizuho, and Mizuho on May 14, 2024, May 14, 2024, and May 10, 2024. With an average price target of $17 between Benchmark, Mizuho, and Mizuho, there's an implied 9.96% upside for Tencent Music Entertainment Group from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Benchmark
Mizuho
Morgan Stanley
Goldman Sachs
HSBC
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Tencent Music Enter Gr
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/14/2024 | Buy Now | 22.9% | Benchmark | Fawne Jiang | $14 → $19 | Maintains | Buy | Get Alert |
| 05/14/2024 | Buy Now | 9.96% | Mizuho | Wei Fang | $15 → $17 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | -2.98% | Mizuho | Wei Fang | $13 → $15 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -12.68% | Morgan Stanley | Alex Poon | $11 → $13.5 | Maintains | Overweight | Get Alert |
| 03/20/2024 | Buy Now | -9.44% | Goldman Sachs | Ronald Keung | → $14 | Upgrade | Neutral → Buy | Get Alert |
| 03/20/2024 | Buy Now | -15.91% | Mizuho | Wei Fang | $12 → $13 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -9.44% | Benchmark | Fawne Jiang | $9 → $14 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -32.73% | HSBC | Charlene Liu | $9.5 → $10.4 | Maintains | Hold | Get Alert |
| 03/20/2024 | Buy Now | -20.44% | B of A Securities | Lei Zhang | $10.5 → $12.3 | Maintains | Buy | Get Alert |
| 03/20/2024 | Buy Now | -15.91% | Citigroup | Alicia Yap | $9 → $13 | Upgrade | Neutral → Buy | Get Alert |
| 02/05/2024 | Buy Now | -22.38% | Redburn Atlantic | Agnieszka Pustula | → $12 | Initiates | → Buy | Get Alert |
| 02/05/2024 | Buy Now | -32.08% | CLSA | Maggie Ye | → $10.5 | Initiates | → Outperform | Get Alert |
| 01/24/2024 | Buy Now | -32.08% | UBS | Kenneth Fong | → $10.5 | Upgrade | Neutral → Buy | Get Alert |
| 01/17/2024 | Buy Now | -28.85% | Mizuho | James Lee | $10 → $11 | Maintains | Buy | Get Alert |
| 11/16/2023 | Buy Now | -35.32% | JP Morgan | Alex Yao | $7 → $10 | Upgrade | Neutral → Overweight | Get Alert |
| 11/15/2023 | Buy Now | -41.79% | Benchmark | Fawne Jiang | → $9 | Reiterates | Buy → Buy | Get Alert |
| 08/16/2023 | Buy Now | -43.08% | B of A Securities | Lei Zhang | $10 → $8.8 | Maintains | Buy | Get Alert |
| 08/16/2023 | Buy Now | -54.72% | Citigroup | Alicia Yap | $7.5 → $7 | Maintains | Neutral | Get Alert |
| 07/31/2023 | Buy Now | -51.49% | Citigroup | Alicia Yap | $9.7 → $7.5 | Downgrade | Buy → Neutral | Get Alert |
| 07/26/2023 | Buy Now | — | JP Morgan | Alex Yao | — | Downgrade | Overweight → Neutral | Get Alert |
| 07/20/2023 | Buy Now | -52.13% | HSBC | Charlene Liu | $8.4 → $7.4 | Maintains | Hold | Get Alert |
| 05/18/2023 | Buy Now | -28.85% | Benchmark | Fawne Jiang | → $11 | Reiterates | Buy → Buy | Get Alert |
| 05/18/2023 | Buy Now | -37.26% | Citigroup | Alicia Yap | $8.2 → $9.7 | Upgrade | Neutral → Buy | Get Alert |
| 05/17/2023 | Buy Now | -28.85% | Mizuho | Wei Fang | $10 → $11 | Maintains | Buy | Get Alert |
| 05/17/2023 | Buy Now | -31.44% | China Renaissance | Yiwen Zhang | → $10.6 | Upgrade | Hold → Buy | Get Alert |
| 05/17/2023 | Buy Now | -37.26% | Citigroup | Alicia Yap | → $9.7 | Upgrade | Neutral → Buy | Get Alert |
| 05/17/2023 | Buy Now | -52.13% | Macquarie | Ellie Jiang | $5.1 → $7.4 | Upgrade | Underperform → Neutral | Get Alert |
| 05/17/2023 | Buy Now | -45.67% | HSBC | Charlene Liu | $7.7 → $8.4 | Maintains | Buy | Get Alert |
| 04/24/2023 | Buy Now | -35.32% | Mizuho | Wei Fang | → $10 | Initiates | → Buy | Get Alert |
| 03/22/2023 | Buy Now | -28.85% | Benchmark | Fawne Jiang | → $11 | Reiterates | → Buy | Get Alert |
FAQ
What is the target price for Tencent Music Enter Gr (TME)?
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 22.90% upside). 21 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 Benchmark, and Tencent Music Enter Gr maintained their buy rating.
When was the last upgrade for Tencent Music Enter Gr (TME)?
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.
When was the last downgrade for Tencent Music Enter Gr (TME)?
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.
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 May 14, 2024 so you should expect the next rating to be made available sometime around May 14, 2025.
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 $14.00 to $19.00. The current price Tencent Music Enter Gr (TME) is trading at is $15.46, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.