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NYSE:TME - Tencent Music Entertainment Group Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $26.39
  • Forecasted Upside: 73.51 %
  • Number of Analysts: 13
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$15.21
▲ +0.1 (0.66%)

This chart shows the closing price for TME by one month, three months, or twelve months.

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Analyst Price Target for TME

Analyst Price Target is $26.39
▲ +73.51% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $26.39, with a high forecast of $36.00 and a low forecast of $17.30. The average price target represents a 73.51% upside from the last price of $15.21.

This chart shows the closing price for TME for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 13 investment analysts is to buy stock in Tencent Music Entertainment Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 11 buy ratings
  • 7 hold ratings
  • 0 sell ratings
12/31/2019
  • 0 strong buy ratings
  • 9 buy ratings
  • 4 hold ratings
  • 0 sell ratings
3/30/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/28/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 3 hold ratings
  • 0 sell ratings
9/26/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/25/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
3/25/2021
  • 0 strong buy ratings
  • 9 buy ratings
  • 4 hold ratings
  • 1 sell ratings
5/24/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 1 sell ratings
6/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/18/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellLower Price TargetBuy ➝ Buy$30.00 ➝ $27.00High
5/18/2021CitigroupLower Price TargetBuy ➝ Buy$30.00 ➝ $27.00Low
5/14/2021Stifel NicolausLower Price TargetHold$24.00 ➝ $20.00High
3/29/2021China Renaissance SecuritiesReiterated RatingBuy ➝ Hold$18.00 ➝ $29.00N/A
3/25/2021Needham & Company LLCReiterated RatingBuy$25.00High
3/24/2021The Goldman Sachs GroupDowngradeBuy ➝ NeutralHigh
3/24/2021HSBCBoost Price TargetBuy$30.00 ➝ $35.00High
3/23/2021Jefferies Financial GroupBoost Price TargetBuy$18.20 ➝ $36.00High
3/23/2021China Renaissance SecuritiesDowngradeBuy ➝ Hold$18.00 ➝ $29.00High
3/8/202186 ResearchDowngradeHold ➝ Sell$20.00Low
1/27/2021MacquarieDowngradeOutperform ➝ NeutralLow
1/19/2021OppenheimerBoost Price TargetOutperform$20.00 ➝ $28.00High
1/19/2021UBS GroupBoost Price TargetIn-Line ➝ Buy$19.00 ➝ $26.00High
12/23/2020Needham & Company LLCBoost Price TargetBuy$17.00 ➝ $21.00N/A
10/9/2020CitigroupLower Price Target$20.00 ➝ $19.00Low
9/24/2020Needham & Company LLCInitiated CoverageBuy$17.00Medium
8/14/2020OppenheimerUpgradeMarket Perform ➝ Outperform$20.00Medium
7/27/2020Bank of AmericaBoost Price TargetBuy$15.00 ➝ $17.30Low
6/30/2020UBS GroupUpgradeNeutral ➝ Buy$17.00Low
6/30/2020CitigroupInitiated CoverageBuy$18.00Low
6/22/2020MizuhoReiterated RatingBuy$24.00Low
3/18/2020UBS GroupLower Price TargetNeutral$14.50 ➝ $12.00Low
3/18/2020BOCOM InternationalUpgradeSell ➝ NeutralLow
3/17/2020Stifel NicolausReiterated RatingHold$14.00High
3/12/2020Morgan StanleyUpgradeEqual Weight ➝ Overweight$15.00 ➝ $16.00Low
2/19/2020OppenheimerDowngradeOutperform ➝ Market PerformLow
2/18/2020BOCOM InternationalDowngradeNeutral ➝ SellLow
10/18/2019New Street ResearchInitiated CoverageBuy$16.00Low
10/8/2019China Renaissance SecuritiesUpgradeHold ➝ BuyLow
10/8/2019UBS GroupUpgradeHold ➝ Buy$16.00Medium
10/2/2019KeyCorpLower Price TargetOverweight$19.00 ➝ $18.00Low
8/13/2019Bank of AmericaLower Price TargetBuy$19.20 ➝ $18.00High
8/5/2019Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$16.90Low
7/29/2019OppenheimerInitiated CoverageOutperform$18.00Low
6/13/2019CICC ResearchInitiated CoverageBuyLow
6/4/2019Loop CapitalInitiated CoverageBuy ➝ Buy$12.89Medium
5/13/2019China International CapitalInitiated CoverageHoldMedium
5/13/2019China Renaissance SecuritiesInitiated CoverageHoldHigh
3/20/2019Credit Suisse GroupDowngradeOutperform ➝ Neutral$18.00High
3/12/2019Stifel NicolausReiterated RatingHold$16.00Low
3/5/2019Bank of AmericaBoost Price TargetBuy ➝ Buy$17.10 ➝ $20.10Medium
2/12/2019MacquarieInitiated CoverageOutperform ➝ Outperform$15.03High
1/17/2019HSBCInitiated CoverageBuy ➝ Buy$16.00N/A
1/16/2019JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Overweight$16.00N/A
1/15/2019Morgan StanleyInitiated CoverageEqual ➝ Equal Weight$15.00 ➝ $12.20N/A
1/7/2019Bank of AmericaInitiated CoverageBuy$17.10N/A
1/7/2019Morgan StanleyInitiated CoverageEqual Weight ➝ Equal WeightN/A
1/7/2019KeyCorpInitiated CoverageOverweight ➝ Overweight$19.00N/A
1/7/2019Stifel NicolausInitiated CoverageHold ➝ Hold$14.00N/A
1/6/2019Deutsche Bank AktiengesellschaftInitiated CoverageHold$15.00N/A
1/6/2019The Goldman Sachs GroupInitiated CoverageBuy ➝ BuyN/A
(Data available from 6/23/2016 forward)
Tencent Music Entertainment Group logo
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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Today's Range

Now: $15.21
Low: $14.92
High: $15.25

50 Day Range

MA: $16.23
Low: $14.57
High: $19.44

52 Week Range

Now: $15.21
Low: $13.07
High: $32.25

Volume

6,385,961 shs

Average Volume

25,736,969 shs

Market Capitalization

$25.52 billion

P/E Ratio

41.11

Dividend Yield

N/A

Beta

1.04

Frequently Asked Questions

What sell-side analysts currently cover shares of Tencent Music Entertainment Group?

The following Wall Street sell-side analysts have issued reports on Tencent Music Entertainment Group in the last twelve months: 86 Research, Bank of America Co., China Renaissance Securities Ltd., Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, HSBC Holdings plc, Jefferies Financial Group Inc., Macquarie, Needham & Company LLC, Oppenheimer Holdings Inc., Stifel Nicolaus, The Goldman Sachs Group, Inc., TheStreet, UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for TME.

What is the current price target for Tencent Music Entertainment Group?

11 Wall Street analysts have set twelve-month price targets for Tencent Music Entertainment Group in the last year. Their average twelve-month price target is $26.39, suggesting a possible upside of 73.5%. Jefferies Financial Group Inc. has the highest price target set, predicting TME will reach $36.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $17.30 for Tencent Music Entertainment Group in the next year.
View the latest price targets for TME.

What is the current consensus analyst rating for Tencent Music Entertainment Group?

Tencent Music Entertainment Group currently has 1 sell rating, 4 hold ratings and 8 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TME will outperform the market and that investors should add to their positions of Tencent Music Entertainment Group.
View the latest ratings for TME.

What other companies compete with Tencent Music Entertainment Group?

How do I contact Tencent Music Entertainment Group's investor relations team?

Tencent Music Entertainment Group's physical mailing address is 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057. The company's listed phone number is 8675586013388 and its investor relations email address is [email protected] The official website for Tencent Music Entertainment Group is www.tencentmusic.com.

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Thanks to a recent reorganization, acquisitions, and strategic partnerships, one Seattle cannabis blockbuster is poised for a massive expansion in the coming 24 months. With plans to double its annual sales in the next two years, this company’s shares could potentially skyrocket in value.