Tencent Music Entertainment Group - TME Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $12.75
  • Forecasted Upside: -16.59%
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 10 Buy Ratings
  • 0 Strong Buy Ratings
$15.28
▲ +0.39 (2.62%)

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 $12.75
▼ -16.59% Downside 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 $12.75, with a high forecast of $19.00 and a low forecast of $10.00. The average price target represents a -16.59% upside from the last price of $15.28.

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 Moderate Buy

The current consensus among 11 polled investment analysts is to moderate buy stock in Tencent Music Entertainment Group. This Moderate 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
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/30/2023
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/30/2023
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/29/2023
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/27/2023
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/25/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/24/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/23/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/23/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/14/2024BenchmarkBoost TargetBuy ➝ Buy$14.00 ➝ $19.00Low
5/10/2024MizuhoBoost TargetBuy ➝ Buy$13.00 ➝ $15.00Low
3/20/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$11.00 ➝ $13.50Low
3/20/2024The Goldman Sachs GroupUpgradeNeutral ➝ Buy$14.00Low
3/20/2024Bank of AmericaBoost TargetBuy ➝ Buy$10.50 ➝ $12.30Low
3/20/2024MizuhoBoost TargetBuy ➝ Buy$12.00 ➝ $13.00Low
3/20/2024HSBCBoost TargetHold ➝ Hold$9.50 ➝ $10.40Low
3/20/2024BenchmarkBoost TargetBuy ➝ Buy$9.00 ➝ $14.00Low
3/20/2024CitigroupUpgradeNeutral ➝ Buy$9.00 ➝ $13.00Low
2/5/2024CLSAInitiated CoverageOutperform$10.50Low
2/5/2024Redburn AtlanticInitiated CoverageBuy$12.00Low
1/24/2024UBS GroupUpgradeNeutral ➝ Buy$10.50Low
1/17/2024MizuhoBoost TargetBuy ➝ Buy$10.00 ➝ $11.00Low
11/16/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$7.00 ➝ $10.00Low
11/15/2023BenchmarkReiterated RatingBuy ➝ Buy$9.00Low
8/16/2023Bank of AmericaLower TargetBuy ➝ Buy$10.00 ➝ $8.80Low
8/16/2023CitigroupLower TargetNeutral ➝ Neutral$7.50 ➝ $7.00Low
7/31/2023CitigroupDowngradeBuy ➝ Neutral$9.70 ➝ $7.50Low
7/26/2023JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Neutral$7.50Low
7/20/2023HSBCLower Target$8.40 ➝ $7.40Low
5/17/2023888Reiterated RatingMaintainsLow
5/17/202351jobReiterated RatingMaintainsLow
5/17/2023China RenaissanceUpgradeHold ➝ Buy$10.60Low
5/17/2023MizuhoBoost Target$10.00 ➝ $11.00Low
5/17/2023CitigroupUpgradeNeutral ➝ Buy$9.70Low
5/17/2023MacquarieUpgradeUnderperform ➝ Neutral$5.10 ➝ $7.40Low
5/17/2023HSBCBoost Target$7.70 ➝ $8.40Low
4/24/2023MizuhoInitiated CoverageBuy$10.00Low
3/22/2023BenchmarkReiterated RatingBuy$11.00Low
1/30/2023JPMorgan Chase & Co.Initiated CoverageOverweightLow
1/19/202386 ResearchDowngradeBuy ➝ HoldLow
1/13/2023Daiwa Capital MarketsInitiated CoverageBuyLow
1/9/2023The Goldman Sachs GroupUpgradeSell ➝ Neutral$5.00 ➝ $8.00Low
12/1/2022Morgan StanleyUpgradeEqual Weight ➝ Overweight$4.50 ➝ $8.50Low
11/21/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$4.80 ➝ $7.70Low
11/16/2022BenchmarkUpgradeHold ➝ Buy$7.00Low
11/6/2022The Goldman Sachs GroupLower Target$5.40 ➝ $4.40Low
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
(Data available from 7/23/2019 forward)

News Sentiment Rating

1.73 (Strong 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
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/26/2023
  • 15 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2024
  • 23 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/24/2024
  • 30 very positive mentions
  • 18 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/25/2024
  • 20 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/24/2024
  • 28 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/24/2024
  • 20 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/23/2024
  • 16 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/23/2024

Current Sentiment

  • 16 very positive mentions
  • 1 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 music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on 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; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. 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: $15.28
Low: $14.76
High: $15.28

50 Day Range

MA: $14.63
Low: $13.96
High: $15.50

52 Week Range

Now: $15.28
Low: $5.70
High: $15.77

Volume

6,145,592 shs

Average Volume

8,184,457 shs

Market Capitalization

$26.22 billion

P/E Ratio

33.22

Dividend Yield

0.93%

Beta

0.68

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: Bank of America Co., Benchmark Co., Citigroup Inc., CLSA, HSBC Holdings plc, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Redburn Atlantic, The Goldman Sachs Group, Inc., and UBS Group AG.
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 $12.75, suggesting a possible downside of 16.6%. Benchmark Co. has the highest price target set, predicting TME will reach $19.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $10.00 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 hold rating and 10 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
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 Spotify Technology, Sirius XM, iHeartMedia, Townsquare Media and Urban One. 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.