Tencent Music Entertainment Group Price Target, Predictions & Analyst Ratings

$7.37
-0.07 (-0.94 %)
(As of 09/23/2021 11:09 AM ET)
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Today's Range
$7.35
$7.58
50-Day Range
$7.23
$12.72
52-Week Range
$7.03
$32.25
Volume237,532 shs
Average Volume23.02 million shs
Market Capitalization$12.36 billion
P/E Ratio19.92
Dividend YieldN/A
Beta1.01

Tencent Music Entertainment Group (NYSE:TME) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Hold
Based on 15 Analyst Ratings

Analyst Price Target Consensus

$17.16

High PT$28.00
Average PT$17.16
Low PT$5.10
TypeCurrent
9/23/20 to 9/23/21
1 Month Ago
8/24/20 to 8/24/21
3 Months Ago
6/25/20 to 6/25/21
1 Year Ago
9/24/19 to 9/23/20
Consensus Rating
Hold
Hold
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
9 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$17.16$17.76$26.33$17.81
Price Target Upside132.86% Upside27.48% Upside16.85% Upside33.15% Upside
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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tencent Music Entertainment Group (NYSE:TME) vs. Its Competitors

TypeTencent Music Entertainment GroupComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.27
2.62
2.56
Consensus RatingHoldBuyBuy
Price Target Upside35.49% Upside7.64% Upside
News Sentiment RatingPositive News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
90
61.22%
Underperform Votes
57
38.78%
Avg. Outperform Votes
236
68.01%
Avg. Underperform Votes
111
31.99%
Avg. Outperform Votes
829
69.49%
Avg. Underperform Votes
364
30.51%

Tencent Music Entertainment Group (NYSE:TME) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/13/2021Loop Capital
DowngradeBuy ➝ Hold$17.00 ➝ $10.00+15.61%
8/19/2021Needham & Company LLC
Vincent Yu
Lower Price TargetBuy$25.00 ➝ $18.00+130.77%
8/18/2021Deutsche Bank Aktiengesellschaft
DowngradeBuy ➝ Hold$22.00 ➝ $9.00+15.09%
8/17/2021Jefferies Financial Group
Lower Price TargetBuy$36.00 ➝ $16.00+107.25%
8/17/2021Macquarie
DowngradeNeutral ➝ Underperform$11.30 ➝ $5.10-33.94%
8/17/2021HSBC
DowngradeBuy ➝ Hold$8.00+3.36%
8/11/2021JPMorgan Chase & Co.
DowngradeOverweight ➝ Neutral
7/15/2021Morgan Stanley
DowngradeOverweight ➝ Equal Weight$23.00 ➝ $14.00+12.90%
7/13/2021China Renaissance Securities
Initiated CoverageBuy$22.00+77.42%
5/18/2021Citigroup
Alicia Yap
Lower Price TargetBuy ➝ Buy$30.00 ➝ $27.00+78.93%
5/14/2021Stifel Nicolaus
Lower Price TargetHold$24.00 ➝ $20.00+33.07%
3/24/2021The Goldman Sachs Group
DowngradeBuy ➝ Neutral
3/8/202186 Research
DowngradeHold ➝ Sell$20.00-20.79%
1/19/2021Oppenheimer
Boost Price TargetOutperform$20.00 ➝ $28.00+7.78%
1/19/2021UBS Group
Boost Price TargetIn-Line ➝ Buy$19.00 ➝ $26.00+17.06%
7/27/2020Bank of America
Boost Price TargetBuy$15.00 ➝ $17.30+9.22%
6/22/2020Mizuho
Mara Goldstein
Reiterated RatingBuy$24.00+76.73%
3/18/2020BOCOM International
UpgradeSell ➝ Neutral
10/18/2019New Street Research
Initiated CoverageBuy$16.00+17.73%
10/2/2019KeyCorp
Lower Price TargetOverweight$19.00 ➝ $18.00+40.30%
6/13/2019CICC Research
Initiated CoverageBuy
5/13/2019China International Capital
Initiated CoverageHold
3/20/2019Credit Suisse Group
DowngradeOutperform ➝ Neutral$18.00-3.07%
(Data available from 9/23/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
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Tencent Music Entertainment Group (NYSE:TME) Analyst Ratings Frequently Asked Questions

What is Tencent Music Entertainment Group's consensus rating and price target?

According to the issued ratings of 15 analysts in the last year, the consensus rating for Tencent Music Entertainment Group stock is Hold based on the current 2 sell ratings, 7 hold ratings and 6 buy ratings for TME. The average twelve-month price target for Tencent Music Entertainment Group is $17.16 with a high price target of $28.00 and a low price target of $5.10. Learn more on TME's analyst rating history

Do Wall Street analysts like Tencent Music Entertainment Group more than its competitors?

Analysts like Tencent Music Entertainment Group stock less than the stock of other Computer and Technology companies. The consensus rating for Tencent Music Entertainment Group is Hold while the average consensus rating for computer and technology companies is Buy. Learn more on how TME compares to other companies

Do MarketBeat users like Tencent Music Entertainment Group more than its competitors?

MarketBeat users like Tencent Music Entertainment Group stock less than the stock of other Computer and Technology companies. 61.22% of MarketBeat users gave Tencent Music Entertainment Group an outperform vote while computer and technology companies recieve an average of 68.01% outperform votes by MarketBeat users.

Is Tencent Music Entertainment Group being downgraded by Wall Street analysts?

Over the previous 90 days, Tencent Music Entertainment Group's stock had 6 downgrades by analysts.

Does Tencent Music Entertainment Group's stock price have much upside?

According to analysts, Tencent Music Entertainment Group's stock has a predicted upside of 26.90% based on their 12-month price targets.

What analysts cover Tencent Music Entertainment Group?

This page was last updated on 9/23/2021 by MarketBeat.com Staff
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