Tencent Music Entertainment Group (TME) Stock Forecast & Price Target
Tencent Music Entertainment Group · NYSE
$9.52+0.19 (+2.04%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 8 firms covering Tencent Music Entertainment Group, 4 rate it Buy or better, 4 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets range widely, $10.00 to $29.00 (about 2.9x), a sign of real disagreement on valuation. The average target of $19.26 sits 102% above the current $9.52. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.64 next quarter toward $7.17 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS8 ratings
Moderate Buy
Strong Buy00%
Buy450%
Hold450%
Sell00%
Strong Sell00%
Based on 8 analysts giving stock ratings to Tencent Music Entertainment Group.
As of Jul, 4 of 8 firms rate TME a Buy (4 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
TME EPS & revenue forecast
EPS · NEXT QUARTER
$1.64
Range $1.58 – $1.71 · 6 analysts · +7% YoY
Next period, 6 analysts expect Tencent Music Entertainment Group to earn $1.64 a share (range $1.58 – $1.71), versus $1.54 a year earlier. Full-year consensus is $6.48, growing to $7.17 the year after.
REVENUE · NEXT QUARTER
$9.1B
Range $8.8B – $9.6B · 6 analysts · +8% YoY
Revenue is expected to reach $9.1B (range $8.8B – $9.6B), +7.8% year-over-year. Full-year consensus is $35.6B, rising to $39.3B next year.
Top analysts covering Tencent Music Entertainment Group
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on TME.
#1
Jiong Shao
Barclays · Rank #43
Buy
$20.00+110.1% to target
Overall win rate
51%
+ Follow
#2
FJ
Fawne Jiang
Benchmark · Rank #273
Hold
No targeton TME
Overall win rate
41%
+ Follow
#3
Alicia Yap
Citigroup · Rank #318
Buy
$29.00+204.6% to target
Overall win rate
32%
+ Follow
#4
WF
Wei Fang
Mizuho
Buy
$18.00+89.1% to target
Coverage
—
+ Follow
#5
EJ
Ellie Jiang
Macquarie
Hold
$14.10+48.1% to target
Coverage
—
+ Follow
TME stock forecast FAQ
What is TME's average 12-month price target?+
The 7 analysts with a live target average $19.26 for Tencent Music Entertainment Group over the next 12 months, ranging from a $29.00 high to a $10.00 low.
Is TME stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 8 analyst ratings, 4 are Buy or Strong Buy, 4 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for TME?+
The Street-high target is $29.00 (Citigroup), and the Street-low is $10.00 (JP Morgan). The average of all 7 active targets is $19.26.
How many Wall Street analysts cover TME?+
8 analysts have an active rating on Tencent Music Entertainment Group, and 7 firms carry a live 12-month price target.
Who is the most accurate analyst covering TME?+
Among analysts who currently cover TME, Jiong Shao of Barclays has the strongest overall Quantellect track record (Rank #43). Their current call is Buy with a $20.00 target.
What is Tencent Music Entertainment Group's projected EPS for next quarter?+
The consensus estimate is $1.64 per share (range $1.58 – $1.71) across 6 analysts. Full-year EPS is projected at $6.48, rising to $7.17 the following year.
How much revenue is Tencent Music Entertainment Group expected to report next quarter?+
Consensus revenue is $9.1B (range $8.8B – $9.6B). Full-year revenue is projected at $35.6B, growing to $39.3B next year.
Have analysts been upgrading or downgrading TME lately?+
As of Jul, 4 of 8 firms rate TME a Buy (4 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their TME calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
