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

The latest price target for Tencent Music Enter Gr (NYSE: TME) was reported by Morgan Stanley on March 20, 2024. The analyst firm set a price target for $13.50 expecting TME to rise to within 12 months (a possible 7.91% upside). 25 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 March 20, 2024 when Goldman Sachs raised their price target to $14. Goldman Sachs previously had a neutral for Tencent Music Entertainment Group.

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.

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 20, 2024 so you should expect the next rating to be made available sometime around March 20, 2025.

While ratings are subjective and will change, the latest Tencent Music Enter Gr (TME) rating was a maintained with a price target of $11.00 to $13.50. The current price Tencent Music Enter Gr (TME) is trading at is $12.51, which is within the analyst’s predicted range.