​

Tencent Music Entertainment Group (TME) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

TME Stock Forecast

Tencent Music Entertainment Group (TME) stock forecast, based on 22 Wall Street analysts, predicts a 12-month average price target of $15.00, with a high of $16.00 and a low of $14.00. This represents a 22.05% increase from the last price of $12.29.

$9 $10 $11 $12 $13 $14 $15 $16 High: $16 Avg: $15 Low: $14 Last Closed Price: $12.29

TME Stock Rating

Tencent Music Entertainment Group stock's rating consensus is Buy, based on 22 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 13 Buy (59.09%), 8 Hold (36.36%), 1 Sell (4.55%), and 0 Strong Sell (0.00%).

Buy
Total 22 0 1 8 13 Strong Sell Sell Hold Buy Strong Buy

TME Price Target Upside V Benchmarks

TypeNameUpside
StockTencent Music Entertainment Group22.05%
SectorCommunication Services Stocks 21.15%
IndustryInternet Content & Information Stocks 30.61%

Price Target Trends

1M3M12M
# Anlaysts--9
Avg Price Target--$14.56
Last Closing Price$12.29$12.29$12.29
Upside/Downside--18.47%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 259192--30
Mar, 258183--29
Feb, 258193--30
Jan, 258194--31
Dec, 248184--30
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Jiong ShaoBarclays$16.00$11.7536.17%30.19%
Nov 04, 2024Boris VanBernstein$14.00$11.2624.33%13.91%
Sep 25, 2024Yang LiuMorgan Stanley$13.00$11.2715.35%5.78%
Aug 14, 2024Lei ZhangBank of America Securities$15.00$11.1234.89%22.05%
Aug 14, 2024Charlie Chai86Research$12.00$11.137.82%-2.36%
Aug 13, 2024Candis ChanDaiwa$12.00$11.147.72%-2.36%
May 14, 2024Ahmad HalimCFRA$17.00$14.6216.28%38.32%
May 14, 2024Wei FangMizuho Securities$17.00$14.8014.86%38.32%
May 10, 2024Wei FangMizuho Securities$15.00$13.3812.11%22.05%
Mar 20, 2024Lincoln KongGoldman Sachs$14.00$11.5321.42%13.91%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Mar 26, 2025Deutsche BankBuyupgrade
Nov 29, 2024BernsteinOutperformOutperformhold
Nov 12, 2024CitigroupBuyBuyhold
Nov 06, 2024BarclaysOverweightinitialise
Nov 04, 2024BernsteinOutperforminitialise
Oct 07, 2024MacquarieOutperformOutperformhold
Sep 25, 2024Morgan StanleyOverweightEqual-Weightdowngrade
Aug 14, 2024Bank of America SecuritiesBuyBuyhold
Aug 13, 2024DaiwaNeutraldowngrade
May 14, 2024CFRABuyBuyhold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 $7 $8 $9 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.50$1.82$1.15------
Avg Forecast$2.55$2.09$2.34$3.28$4.27$5.04$5.81$6.49$8.24
High Forecast$2.83$2.32$2.42$3.45$4.33$5.33$6.62$6.88$8.67
Low Forecast$2.45$2.01$2.30$3.19$4.14$4.68$4.95$6.28$8.01
Surprise %-1.96%-12.92%-50.85%------

Revenue Forecast

$25B $29B $33B $37B $41B $45B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$29.15B$31.24B$28.34B$27.75B-----
Avg Forecast$29.09B$31.33B$28.05B$27.50B$28.25B$31.26B$34.43B$37.43B$42.24B
High Forecast$31.61B$34.04B$28.77B$27.79B$28.47B$32.34B$34.57B$37.46B$43.97B
Low Forecast$28.28B$30.45B$27.64B$27.28B$28.11B$30.47B$34.28B$37.39B$41.33B
Surprise %0.21%-0.27%1.04%0.91%-----

Net Income Forecast

$0 $3B $6B $9B $12B $15B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$4.16B$3.03B$3.68B$4.92B-----
Avg Forecast$4.03B$3.30B$3.71B$5.26B$6.71B$7.60B$8.69B$10.35B$13.05B
High Forecast$4.49B$3.68B$3.84B$5.47B$6.86B$8.45B$10.49B$10.91B$13.74B
Low Forecast$3.89B$3.18B$3.64B$5.05B$6.56B$7.42B$7.84B$9.95B$12.68B
Surprise %3.04%-8.32%-1.01%-6.42%-----

TME Forecast FAQ

Is Tencent Music Entertainment Group stock a buy?

Tencent Music Entertainment Group stock has a consensus rating of Buy, based on 22 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 13 Buy, 8 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Tencent Music Entertainment Group is a favorable investment for most analysts.

What is Tencent Music Entertainment Group's price target?

Tencent Music Entertainment Group's price target, set by 22 Wall Street analysts, averages $15 over the next 12 months. The price target range spans from $14 at the low end to $16 at the high end, suggesting a potential 22.05% change from the previous closing price of $12.29.

How does Tencent Music Entertainment Group stock forecast compare to its benchmarks?

Tencent Music Entertainment Group's stock forecast shows a 22.05% upside, outperforming the average forecast for the communication services stocks sector (21.15%) and underperforming the internet content & information stocks industry (30.61%).

What is the breakdown of analyst ratings for Tencent Music Entertainment Group over the past three months?

  • April 2025: 30.00% Strong Buy, 63.33% Buy, 6.67% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 27.59% Strong Buy, 62.07% Buy, 10.34% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 26.67% Strong Buy, 63.33% Buy, 10.00% Hold, 0% Sell, 0% Strong Sell.

What is Tencent Music Entertainment Group’s EPS forecast?

Tencent Music Entertainment Group's average annual EPS forecast for its fiscal year ending in December 2024 is $4.27, marking a 0% decrease from the reported $0 in 2023. Estimates for the following years are $5.04 in 2025, $5.81 in 2026, $6.49 in 2027, and $8.24 in 2028.

What is Tencent Music Entertainment Group’s revenue forecast?

Tencent Music Entertainment Group's average annual revenue forecast for its fiscal year ending in December 2024 is $28.25B, reflecting a 1.79% increase from the reported $27.75B in 2023. The forecast for 2025 is $31.26B, followed by $34.43B for 2026, $37.43B for 2027, and $42.24B for 2028.

What is Tencent Music Entertainment Group’s net income forecast?

Tencent Music Entertainment Group's net income forecast for the fiscal year ending in December 2024 stands at $6.71B, representing an 36.33% increase from the reported $4.92B in 2023. Projections indicate $7.6B in 2025, $8.69B in 2026, $10.35B in 2027, and $13.05B in 2028.