Analyst Price Target is $8.72
▲ +38.85% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $8.72, with a high forecast of $11.00 and a low forecast of $7.00. The average price target represents a 38.85% upside from the last price of $6.28.
Current Consensus is
Moderate Buy
The current consensus among 11 contributing investment analysts is to moderate buy stock in Tencent Music Entertainment Group. This Moderate Buy consensus rating has held steady for over two years.
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 music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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