Tencent Music Entertainment Group (TME) Stock Forecast, Price Target & Predictions
TME Stock Forecast
Tencent Music Entertainment Group stock forecast is as follows: an average price target of $14.62 (represents a 27.80% upside from TME’s last price of $11.44) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
TME Price Target
The average price target for Tencent Music Entertainment Group (TME) is $14.62 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $24.00 to $9.00. This represents a potential 27.80% upside from TME's last price of $11.44.
TME Analyst Ratings
According to 13 Wall Street analysts, Tencent Music Entertainment Group's rating consensus is 'Buy'. The analyst rating breakdown for TME stock is 0 'Strong Buy' (0.00%), 10 'Buy' (76.92%), 3 'Hold' (23.08%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Tencent Music Entertainment Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 06, 2024 | Jiong Shao | Barclays | $16.00 | $11.74 | 36.23% | 39.86% |
| Nov 04, 2024 | Boris Van | Bernstein | $14.00 | $11.26 | 24.33% | 22.38% |
| Sep 25, 2024 | Yang Liu | Morgan Stanley | $13.00 | $11.27 | 15.35% | 13.64% |
| Aug 14, 2024 | Lei Zhang | Bank of America Securities | $15.00 | $11.12 | 34.89% | 31.12% |
| Aug 14, 2024 | Charlie Chai | 86Research | $12.00 | $11.13 | 7.82% | 4.90% |
| Aug 13, 2024 | Candis Chan | Daiwa | $12.00 | $11.13 | 7.77% | 4.90% |
| May 14, 2024 | Ahmad Halim | CFRA | $17.00 | $14.62 | 16.32% | 48.60% |
| May 14, 2024 | Wei Fang | Mizuho Securities | $17.00 | $14.80 | 14.86% | 48.60% |
| May 10, 2024 | Wei Fang | Mizuho Securities | $15.00 | $13.38 | 12.11% | 31.12% |
| Mar 20, 2024 | Lincoln Kong | Goldman Sachs | $14.00 | $11.53 | 21.42% | 22.38% |
The latest Tencent Music Entertainment Group stock forecast, released on Nov 06, 2024 by Jiong Shao from Barclays, set a price target of $16.00, which represents a 36.23% increase from the stock price at the time of the forecast ($11.74), and a 39.86% increase from TME last price ($11.44).
Tencent Music Entertainment Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 15 |
| Avg Price Target | $15.00 | $14.33 | $13.48 |
| Last Closing Price | $11.44 | $11.44 | $11.44 |
| Upside/Downside | 31.12% | 25.26% | 17.83% |
In the current month, the average price target of Tencent Music Entertainment Group stock is $15.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 31.12% increase as opposed to Tencent Music Entertainment Group's last price of $11.44. This month's average price target is up 4.68% compared to last quarter, and up 11.28% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 12, 2024 | Citigroup | Buy | Buy | Hold |
| Nov 06, 2024 | Barclays | - | Overweight | Initialise |
| Nov 04, 2024 | Bernstein | - | Outperform | Initialise |
| Oct 07, 2024 | Macquarie | Outperform | Outperform | Hold |
| Sep 25, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Aug 14, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 13, 2024 | Daiwa | - | Neutral | Downgrade |
| May 14, 2024 | CFRA | Buy | Buy | Hold |
| May 14, 2024 | Mizuho Securities | Buy | Buy | Hold |
| May 14, 2024 | Benchmark | Buy | Buy | Hold |
Tencent Music Entertainment Group's last stock rating was published by Citigroup on Nov 12, 2024. The company gave TME a "Buy" rating, the same as its previous rate.
Tencent Music Entertainment Group Financial Forecast
Tencent Music Entertainment Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.00B | $7.42B | $7.37B | $6.91B | $6.64B | $7.61B | $7.80B | $8.01B | $7.82B | $8.34B | $7.58B | $6.93B | $6.31B | $7.29B | $6.51B |
| Avg Forecast | $9.13B | $8.83B | $8.73B | $8.10B | $7.98B | $7.72B | $7.61B | $7.14B | $7.21B | $7.00B | $7.15B | $6.57B | $6.69B | $6.34B | $7.29B | $6.89B | $7.29B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| High Forecast | $9.24B | $8.92B | $8.83B | $8.19B | $8.07B | $7.81B | $7.70B | $7.22B | $7.28B | $7.08B | $7.23B | $6.64B | $6.76B | $6.41B | $7.37B | $6.96B | $7.37B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| Low Forecast | $9.06B | $8.76B | $8.67B | $8.04B | $7.92B | $7.67B | $7.55B | $7.08B | $7.14B | $6.95B | $7.09B | $6.52B | $6.62B | $6.29B | $7.24B | $6.84B | $7.23B | $7.10B | $6.68B | $6.64B | $7.63B | $7.83B | $8.10B | $7.74B | $8.31B | $7.46B | $6.84B | $6.37B | $7.11B | $6.43B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.04% | 1.03% | 1.00% | 1.00% | 1.00% | 0.99% | 1.01% | 1.00% | 1.02% | 1.01% | 0.99% | 1.03% | 1.01% |
Tencent Music Entertainment Group's average Quarter revenue forecast for Jun 23 based on 6 analysts is $7.29B, with a low forecast of $7.24B, and a high forecast of $7.37B. TME's average Quarter revenue forecast represents a 4.10% increase compared to the company's last Quarter revenue of $7.00B (Mar 23).
Tencent Music Entertainment Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.40B | $1.40B | $1.27B | $887.00M | $769.00M | $642.00M | $872.00M | $969.00M | $1.08B | $1.29B | $1.29B | $1.09B | $1.04B | $1.20B | $1.19B |
| Avg Forecast | $1.83B | $1.77B | $1.75B | $1.63B | $1.60B | $1.55B | $1.53B | $1.43B | $1.45B | $1.41B | $1.44B | $1.32B | $1.34B | $1.27B | $1.46B | $1.38B | $1.46B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $808.07M | $1.46B | $1.31B | $1.20B | $987.62M | $1.25B | $1.13B |
| High Forecast | $1.86B | $1.79B | $1.77B | $1.65B | $1.62B | $1.57B | $1.55B | $1.45B | $1.46B | $1.42B | $1.45B | $1.33B | $1.36B | $1.29B | $1.48B | $1.40B | $1.48B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $969.69M | $1.46B | $1.31B | $1.20B | $1.19B | $1.25B | $1.13B |
| Low Forecast | $1.82B | $1.76B | $1.74B | $1.61B | $1.59B | $1.54B | $1.52B | $1.42B | $1.43B | $1.40B | $1.42B | $1.31B | $1.33B | $1.26B | $1.45B | $1.37B | $1.45B | $1.25B | $1.18B | $1.17B | $1.34B | $1.38B | $1.43B | $646.46M | $1.46B | $1.31B | $1.20B | $790.10M | $1.25B | $1.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.96% | 1.01% | 0.75% | 0.66% | 0.48% | 0.63% | 0.68% | 1.34% | 0.88% | 0.98% | 0.91% | 1.05% | 0.96% | 1.05% |
6 analysts predict TME's average Quarter EBITDA for Jun 23 to be $1.46B, with a high of $1.48B and a low of $1.45B. This is 4.56% upper than Tencent Music Entertainment Group's previous annual EBITDA (Mar 23) of $1.40B.
Tencent Music Entertainment Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.15B | $1.15B | $1.06B | $856.00M | $609.00M | $577.00M | $740.00M | $827.00M | $926.00M | $1.20B | $1.13B | $939.00M | $887.00M | $1.04B | $1.03B |
| Avg Forecast | $2.64B | $2.46B | $2.45B | $2.23B | $2.41B | $2.22B | $2.12B | $2.00B | $1.89B | $1.77B | $1.72B | $1.47B | $1.42B | $1.24B | $1.38B | $1.10B | $1.23B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $690.29M | $1.15B | $1.01B | $929.33M | $844.76M | $1.01B | $921.00M |
| High Forecast | $2.68B | $2.50B | $2.49B | $2.26B | $2.45B | $2.26B | $2.15B | $2.11B | $1.92B | $1.79B | $1.74B | $1.47B | $1.44B | $1.25B | $1.40B | $1.12B | $1.24B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $828.35M | $1.15B | $1.01B | $929.33M | $1.01B | $1.01B | $921.00M |
| Low Forecast | $2.61B | $2.44B | $2.43B | $2.21B | $2.39B | $2.20B | $2.10B | $1.90B | $1.79B | $1.75B | $1.71B | $1.47B | $1.40B | $1.24B | $1.37B | $1.09B | $1.21B | $950.17M | $768.61M | $716.83M | $622.01M | $646.73M | $878.23M | $552.23M | $1.15B | $1.01B | $929.33M | $675.81M | $1.01B | $921.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.94% | 1.12% | 1.11% | 0.85% | 0.93% | 1.14% | 0.94% | 1.34% | 1.04% | 1.12% | 1.01% | 1.05% | 1.03% | 1.11% |
Tencent Music Entertainment Group's average Quarter net income forecast for Jun 23 is $1.38B, with a range of $1.37B to $1.40B. TME's average Quarter net income forecast represents a 20.18% increase compared to the company's last Quarter net income of $1.15B (Mar 23).
Tencent Music Entertainment Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.23B | $1.36B | $1.44B | $1.42B | $1.34B | $1.82B | $1.64B | $1.68B | $1.55B | $1.68B | $1.43B | $1.30B | $1.16B | $1.42B | $1.24B |
| Avg Forecast | $1.77B | $1.71B | $1.69B | $1.57B | $1.55B | $1.50B | $1.47B | $1.38B | $1.40B | $1.36B | $1.38B | $1.27B | $1.30B | $1.23B | $1.41B | $1.33B | $1.41B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $1.16B | $1.61B | $1.45B | $1.32B | $1.11B | $1.38B | $1.25B |
| High Forecast | $1.79B | $1.73B | $1.71B | $1.59B | $1.56B | $1.51B | $1.49B | $1.40B | $1.41B | $1.37B | $1.40B | $1.29B | $1.31B | $1.24B | $1.43B | $1.35B | $1.43B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $1.39B | $1.61B | $1.45B | $1.32B | $1.33B | $1.38B | $1.25B |
| Low Forecast | $1.76B | $1.70B | $1.68B | $1.56B | $1.53B | $1.49B | $1.46B | $1.37B | $1.38B | $1.35B | $1.37B | $1.26B | $1.28B | $1.22B | $1.40B | $1.32B | $1.40B | $1.38B | $1.29B | $1.29B | $1.48B | $1.52B | $1.57B | $927.35M | $1.61B | $1.45B | $1.32B | $885.33M | $1.38B | $1.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.96% | 1.04% | 1.10% | 1.04% | 1.23% | 1.08% | 1.07% | 1.34% | 1.04% | 0.99% | 0.98% | 1.05% | 1.03% | 0.99% |
Tencent Music Entertainment Group's average Quarter SG&A projection for Jun 23 is $1.41B, based on 6 Wall Street analysts, with a range of $1.40B to $1.43B. The forecast indicates a 14.94% rise compared to TME last annual SG&A of $1.23B (Mar 23).
Tencent Music Entertainment Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 4 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.74 | $0.74 | $0.66 | $0.54 | $0.38 | $0.35 | $0.44 | $0.50 | $0.56 | $0.36 | $0.68 | $0.57 | $0.54 | $0.62 | $0.62 |
| Avg Forecast | $1.68 | $1.57 | $1.56 | $1.42 | $1.54 | $1.42 | $1.35 | $1.28 | $1.21 | $1.12 | $1.10 | $0.94 | $0.90 | $0.79 | $0.88 | $0.70 | $0.78 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| High Forecast | $1.71 | $1.59 | $1.59 | $1.44 | $1.56 | $1.44 | $1.37 | $1.34 | $1.22 | $1.14 | $1.11 | $0.94 | $0.92 | $0.80 | $0.89 | $0.71 | $0.79 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| Low Forecast | $1.67 | $1.55 | $1.55 | $1.41 | $1.52 | $1.40 | $1.34 | $1.21 | $1.14 | $1.11 | $1.09 | $0.93 | $0.89 | $0.79 | $0.87 | $0.69 | $0.77 | $0.61 | $0.49 | $0.46 | $0.40 | $0.41 | $0.56 | $0.63 | $0.73 | $0.64 | $0.59 | $0.58 | $0.64 | $0.59 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.95% | 1.09% | 1.10% | 0.83% | 0.88% | 1.07% | 0.89% | 0.89% | 0.49% | 1.06% | 0.96% | 0.93% | 0.96% | 1.06% |
According to 6 Wall Street analysts, Tencent Music Entertainment Group's projected average Quarter EPS for Jun 23 is $0.88, with a low estimate of $0.87 and a high estimate of $0.89. This represents a 18.79% increase compared to TME previous annual EPS of $0.74 (Mar 23).
Tencent Music Entertainment Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SNAP | Snap | $10.59 | $25.99 | 145.42% | Hold |
| BIDU | Baidu | $86.75 | $175.55 | 102.36% | Buy |
| TWLO | Twilio | $98.44 | $187.84 | 90.82% | Buy |
| WB | $9.18 | $17.18 | 87.15% | Buy | |
| YY | JOYY | $36.12 | $56.33 | 55.95% | Buy |
| ATHM | Autohome | $28.53 | $43.67 | 53.07% | Hold |
| PINS | $29.23 | $40.96 | 40.13% | Buy | |
| TME | Tencent Music Entertainment Group | $11.44 | $14.62 | 27.80% | Buy |
| YELP | Yelp | $35.84 | $34.11 | -4.83% | Buy |
| DOYU | DouYu | $9.73 | $9.03 | -7.19% | Sell |
| MOMO | Hello Group | $6.68 | $6.00 | -10.18% | Hold |
| SPOT | Spotify | $470.01 | $317.84 | -32.38% | Buy |