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

  • Consensus Rating: Hold
  • Consensus Price Target: $12.08
  • Forecasted Upside: 88.97 %
  • Number of Analysts: 15
  • Breakdown:
  • 2 Sell Ratings
  • 11 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$6.39
▼ -0.35 (-5.19%)

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 $12.08
▲ +88.97% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $12.08, with a high forecast of $20.00 and a low forecast of $5.10. The average price target represents a 88.97% upside from the last price of $6.39.

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 15 investment analysts is to hold stock in Tencent Music Entertainment Group. This rating has held steady since September 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
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings
7/31/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
10/29/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 1 sell ratings
1/27/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 2 sell ratings
4/27/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 7 hold ratings
  • 2 sell ratings
7/26/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 10 hold ratings
  • 2 sell ratings
10/24/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 10 hold ratings
  • 2 sell ratings
12/23/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 11 hold ratings
  • 2 sell ratings
1/22/2022

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 11 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/20/2022China Renaissance SecuritiesDowngradeBuy ➝ Hold$7.30High
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 Price TargetBuy$25.00 ➝ $18.00High
8/18/2021Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $9.00Medium
8/17/2021Jefferies Financial GroupLower Price 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
7/13/2021China Renaissance SecuritiesInitiated CoverageBuy$22.00High
7/9/2021Needham & Company LLCInitiated CoverageBuy$25.00Low
7/8/2021HSBCLower Price TargetBuy$26.00 ➝ $22.00Medium
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 1/22/2017 forward)

News Sentiment Rating

0.88 (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
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/26/2021
  • 6 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/26/2021
  • 12 very positive mentions
  • 14 positive mentions
  • 4 negative mentions
  • 3 very negative mentions
8/25/2021
  • 2 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/24/2021
  • 11 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/24/2021
  • 39 very positive mentions
  • 11 positive mentions
  • 5 negative mentions
  • 5 very negative mentions
11/23/2021
  • 22 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
12/23/2021
  • 7 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/22/2022

Current Sentiment

  • 7 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Tencent Music Entertainment Group logo
Tencent Music Entertainment Group engages in the operation of an online music entertainment platform. Its platform comprises of online music, online karaoke, and music-centric live streaming products. The company was founded on June 6, 2012 and is headquartered in Beijing, China.
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Today's Range

Now: $6.39
Low: $6.32
High: $6.76

50 Day Range

MA: $6.86
Low: $5.97
High: $8.59

52 Week Range

Now: $6.39
Low: $5.91
High: $32.25

Volume

13,826,841 shs

Average Volume

11,876,246 shs

Market Capitalization

$10.72 billion

P/E Ratio

18.79

Dividend Yield

N/A

Beta

1.11

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, Benchmark Co., China Renaissance Securities Ltd., Citigroup Inc., Deutsche Bank Aktiengesellschaft, HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., Loop Capital, Macquarie, Morgan Stanley, Needham & Company LLC, 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?

12 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 $12.08, suggesting a possible upside of 89.0%. Stifel Nicolaus has the highest price target set, predicting TME will reach $20.00 in the next twelve months. Macquarie has the lowest price target set, forecasting a price of $5.10 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 2 sell ratings, 11 hold ratings and 2 buy 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?

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.