Tencent Music Entertainment Group (TME) Stock Forecast & Price Target
Tencent Music Entertainment Group · NYSE
$8.26+0.06 (+0.73%)
15-min delayed · Sep 4, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 8 firms covering Tencent Music Entertainment Group, 3 rate it Buy or better, 5 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets range widely, $9.30 to $25.00 (about 2.7x), a sign of real disagreement on valuation. The average target of $16.43 sits 99% above the current $8.26. The rating mix has stayed broadly stable, with Buy-side ratings easing from 4 to 3 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.57 next quarter toward $6.75 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS8 ratings
Moderate Buy
Strong Buy00%
Buy338%
Hold563%
Sell00%
Strong Sell00%
Based on 8 analysts giving stock ratings to Tencent Music Entertainment Group.
As of Sep, 3 of 8 firms rate TME a Buy (5 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
TME EPS & revenue forecast
EPS · NEXT QUARTER
$1.57
Range $1.55 – $1.59 · 7 analysts · -2% YoY
Next period, 7 analysts expect Tencent Music Entertainment Group to earn $1.57 a share (range $1.55 – $1.59), versus $1.60 a year earlier. Full-year consensus is $6.25, growing to $6.75 the year after.
REVENUE · NEXT QUARTER
$9.3B
Range $9.2B – $9.4B · 7 analysts · +8% YoY
Revenue is expected to reach $9.3B (range $9.2B – $9.4B), +7.8% year-over-year. Full-year consensus is $35.4B, rising to $38.3B 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 #146
Buy
$20.00+142.1% to target
Overall win rate
45%
+ Follow
#2
Thomas Chong
Jefferies · Rank #287
Buy
$28.00+239.0% to target
Overall win rate
32%
+ Follow
#3
FJ
Fawne Jiang
Benchmark · Rank #351
Hold
No targeton TME
Overall win rate
39%
+ Follow
#4
Alicia Yap
Citigroup · Rank #401
Buy
$29.00+251.1% to target
Overall win rate
29%
+ Follow
#5
WF
Wei Fang
Mizuho
Buy
$15.00+81.6% 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 $16.43 for Tencent Music Entertainment Group over the next 12 months, ranging from a $25.00 high to a $9.30 low.
Is TME stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 8 analyst ratings, 3 are Buy or Strong Buy, 5 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for TME?+
The Street-high target is $25.00 (Morgan Stanley), and the Street-low is $9.30 (China Renaissance). The average of all 7 active targets is $16.43.
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 #146). 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 $1.57 per share (range $1.55 – $1.59) across 7 analysts. Full-year EPS is projected at $6.25, rising to $6.75 the following year.
How much revenue is Tencent Music Entertainment Group expected to report next quarter?+
Consensus revenue is $9.3B (range $9.2B – $9.4B). Full-year revenue is projected at $35.4B, growing to $38.3B next year.
Have analysts been upgrading or downgrading TME lately?+
As of Sep, 3 of 8 firms rate TME a Buy (5 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.
