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In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Forget NVDA. Buy this A.I. stock instead (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Forget NVDA. Buy this A.I. stock instead (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Closing prices for crude oil, gold and other commodities
NYSE:TME

Tencent Music Entertainment Group (TME) Price Target & Analyst Ratings

$6.38
+0.15 (+2.41%)
(As of 09/29/2023 ET)
Compare
Today's Range
$6.36
▼
$6.49
50-Day Range
$6.03
▼
$7.13
52-Week Range
$3.14
▼
$9.29
Volume
5.57 million shs
Average Volume
5.95 million shs
Market Capitalization
$10.95 billion
P/E Ratio
15.19
Dividend Yield
N/A
Price Target
$8.72
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Tencent Music Entertainment Group Consensus Rating and Price Target (2023)

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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 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.

Consensus Analyst Rating

Moderate Buy
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$8.72
36.68% Upside
High Prediction$11.00
Average Prediction$8.72
Low Prediction$7.00
TypeCurrent
9/30/22 to 9/30/23		1 Month Ago
8/31/22 to 8/31/23		3 Months Ago
7/2/22 to 7/2/23		1 Year Ago
9/30/21 to 9/30/22
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Reduce
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)
0 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$8.72$8.72$9.14$5.82
Predicted Upside36.68% Upside20.68% Upside21.05% Upside0.44% Upside
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TME 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.
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TME Price Targets 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.
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Tencent Music Entertainment Group Stock vs. The Competition

TypeTencent Music Entertainment GroupComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.55
2.55
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside36.57% Upside1,072.64% Upside698.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Historical Target Prices and Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/16/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$10.00 ➝ $8.80+42.16%
8/16/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$7.50 ➝ $7.00+13.09%
7/26/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Neutral$7.50+13.38%
7/20/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$8.40 ➝ $7.40+5.41%
5/17/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
5/17/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
5/17/2023China Renaissance
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$10.60+38.20%
5/17/2023Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$10.00 ➝ $11.00+43.42%
5/17/2023Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral$5.10 ➝ $7.40-3.52%
3/22/2023Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy$11.00+54.06%
1/19/202386 Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
1/13/2023Daiwa Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy
1/9/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral$5.00 ➝ $8.00-11.11%
12/1/2022Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$4.50 ➝ $8.50+21.26%
(Data available from 9/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)












TME Price Target - Frequently Asked Questions

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

According to the issued ratings of 11 analysts in the last year, the consensus rating for Tencent Music Entertainment Group stock is Moderate Buy based on the current 5 hold ratings and 6 buy ratings for TME. The average twelve-month price prediction for Tencent Music Entertainment Group is $8.72 with a high price target of $11.00 and a low price target of $7.00. 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 less than other Computer and Technology companies. The consensus rating score for Tencent Music Entertainment Group is 2.55 while the average consensus rating score for computer and technology companies is 2.55. Learn more on how TME compares to other companies.

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

Over the previous 90 days, Tencent Music Entertainment Group's stock had 1 downgrade 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 20.68% based on their 12-month price targets.

What analysts cover Tencent Music Entertainment Group?

Tencent Music Entertainment Group has been rated by Bank of America, Citigroup, HSBC, and JPMorgan Chase & Co. in the past 90 days.


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This page (NYSE:TME) was last updated on 9/30/2023 by MarketBeat.com Staff

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