Tencent Music Entertainment Group - TME Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $5.82
  • Forecasted Upside: 43.35 %
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$4.06
▲ +0.05 (1.25%)

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Analyst Price Target for TME

Analyst Price Target is $5.82
▲ +43.35% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $5.82, with a high forecast of $9.00 and a low forecast of $3.50. The average price target represents a 43.35% upside from the last price of $4.06.

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 Hold

The current consensus among 4 investment analysts is to hold stock in Tencent Music Entertainment Group. This rating has held steady since October 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 3 sell ratings
4/10/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 3 sell ratings
7/9/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 3 sell ratings
10/7/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 9 hold ratings
  • 3 sell ratings
1/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 2 sell ratings
4/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 2 sell ratings
7/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
9/2/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
10/2/2022

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/17/2022HSBCLower Target$5.10 ➝ $3.90Medium
4/10/2022The Goldman Sachs GroupInitiated CoverageSell$5.60Low
3/14/2022JPMorgan Chase & Co.Lower Target$6.00 ➝ $3.50N/A
2/18/2022The Goldman Sachs GroupDowngradeNeutral ➝ Sell$7.70 ➝ $5.70High
1/24/2022CitigroupLower Target$8.50 ➝ $7.10Medium
12/28/2021BenchmarkInitiated CoverageHoldMedium
11/15/2021UBS GroupDowngradeBuy ➝ NeutralMedium
11/15/2021UBS GroupUpgradeNeutral ➝ Buy$12.00 ➝ $9.00High
11/9/2021CitigroupDowngradeBuy ➝ Neutral$9.00 ➝ $8.50Medium
9/13/2021Loop CapitalDowngradeBuy ➝ Hold$17.00 ➝ $10.00High
8/19/2021Needham & Company LLCLower TargetBuy$25.00 ➝ $18.00High
8/18/2021Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $9.00Medium
8/17/2021Jefferies Financial GroupLower TargetBuy$36.00 ➝ $16.00Low
8/17/2021MacquarieDowngradeNeutral ➝ Underperform$11.30 ➝ $5.10Low
8/17/2021HSBCDowngradeBuy ➝ Hold$8.00High
8/11/2021JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralHigh
7/15/2021Morgan StanleyDowngradeOverweight ➝ Equal Weight$23.00 ➝ $14.00High
7/9/2021Needham & Company LLCInitiated CoverageBuy$25.00Low
7/8/2021HSBCLower TargetBuy$26.00 ➝ $22.00Medium
5/18/2021CitigroupLower TargetBuy ➝ Buy$30.00 ➝ $27.00Low
5/14/2021Stifel NicolausLower TargetHold$24.00 ➝ $20.00High
3/25/2021Needham & Company LLCReiterated RatingBuy$25.00High
3/24/2021The Goldman Sachs GroupDowngradeBuy ➝ NeutralHigh
3/24/2021HSBCBoost TargetBuy$30.00 ➝ $35.00High
3/23/2021Jefferies Financial GroupBoost TargetBuy$18.20 ➝ $36.00High
3/8/202186 ResearchDowngradeHold ➝ Sell$20.00Low
1/27/2021MacquarieDowngradeOutperform ➝ NeutralLow
1/19/2021OppenheimerBoost TargetOutperform$20.00 ➝ $28.00High
1/19/2021UBS GroupBoost TargetIn-Line ➝ Buy$19.00 ➝ $26.00High
12/23/2020Needham & Company LLCBoost TargetBuy$17.00 ➝ $21.00N/A
10/9/2020CitigroupLower 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 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 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
10/8/2019UBS GroupUpgradeHold ➝ Buy$16.00Medium
10/2/2019KeyCorpLower TargetOverweight$19.00 ➝ $18.00Low
8/13/2019Bank of AmericaLower 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
3/20/2019Credit Suisse GroupDowngradeOutperform ➝ Neutral$18.00High
3/12/2019Stifel NicolausReiterated RatingHold$16.00Low
3/5/2019Bank of AmericaBoost 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 10/2/2017 forward)

News Sentiment Rating

1.02 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
3/6/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/5/2022
  • 5 very positive mentions
  • 2 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
5/5/2022
  • 9 very positive mentions
  • 10 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
6/4/2022
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/4/2022
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/3/2022
  • 3 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
9/2/2022
  • 7 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/2/2022

Current Sentiment

  • 7 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Tencent Music Entertainment Group logo
Tencent Music Entertainment Group operates online music entertainment platforms to provide 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 is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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Today's Range

Now: $4.06
Low: $4.00
High: $4.18

50 Day Range

MA: $4.52
Low: $3.86
High: $5.14

52 Week Range

Now: $4.06
Low: $2.95
High: $9.10

Volume

6,878,547 shs

Average Volume

8,100,431 shs

Market Capitalization

$6.88 billion

P/E Ratio

15.62

Dividend Yield

N/A

Beta

0.6

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: Benchmark Co., Citigroup Inc., HSBC Holdings plc, JPMorgan Chase & Co., The Goldman Sachs Group, Inc., TheStreet, and UBS Group AG.
View the latest analyst ratings for TME.

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

5 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 $5.82, suggesting a possible upside of 43.3%. UBS Group AG has the highest price target set, predicting TME will reach $9.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $3.50 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 and 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in TME, but not buy more shares or sell existing shares.
View the latest ratings for TME.

What other companies compete with Tencent Music Entertainment Group?

Other companies that are similar to Tencent Music Entertainment Group include Lattice Semiconductor, Kanzhun, Zillow Group, Yandex and Open Text. Learn More about companies similar to 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. Learn More about contacing Tencent Music Entertainment Group investor relations.