Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group
NYSE:TME
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Price: 11.53 USD 0.09% Market Closed
Market Cap: 19.5B USD
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Wall Street
Price Targets

TME Price Targets Summary
Tencent Music Entertainment Group

Wall Street analysts forecast TME stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for TME is 14.39 USD with a low forecast of 9.14 USD and a high forecast of 17.43 USD.

Lowest
Price Target
9.14 USD
21% Downside
Average
Price Target
14.39 USD
25% Upside
Highest
Price Target
17.43 USD
51% Upside

TME Last Price Targets
Tencent Music Entertainment Group

The latest public price target was made on Nov 6, 2024 by Jiong Shao from Barclays , who expects TME stock to rise by 39% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Jiong Shao
Barclays
16 USD
Upside 39%
2 weeks ago
Nov 6, 2024
Barclays Starts Tencent Music Entertainment Group (TME) at Overweight
StreetInsider
Boris Van
Bernstein
14 USD
Upside 21%
2 weeks ago
Nov 4, 2024
Bernstein SocGen Group Starts Tencent Music Entertainment Group (TME) at Outperform
StreetInsider
Yang Liu
Morgan Stanley
13 USD
Upside 13%
1 month ago
Sep 25, 2024
Morgan Stanley Assumes Tencent Music Entertainment Group (TME) at Equalweight
StreetInsider
Lei Zhang
Bank of America Securities
15 USD
Upside 30%
3 months ago
Aug 14, 2024
Tencent Music price target lowered to $15 from $18 at BofA
TheFly
Charlie Chai
86Research
12 USD
Upside 4%
3 months ago
Aug 14, 2024
86Research Upgrades Tencent Music Entertainment Group (TME) to Hold
StreetInsider
Candis Chan
Daiwa
12 USD
Upside 4%
3 months ago
Aug 13, 2024
Tencent Music downgraded to Neutral from Outperform at Daiwa
TheFly
Wei Fang
Mizuho Securities
17 USD
Upside 47%
6 months ago
May 14, 2024
Tencent Music price target raised to $17 from $15 at Mizuho
TheFly
Ahmad Halim
CFRA
17 USD
Upside 47%
6 months ago
May 14, 2024
Tencent Music Entertainment Group (TME) PT Raised to $17 at CFRA
StreetInsider
Wei Fang
Mizuho Securities
15 USD
Upside 30%
6 months ago
May 10, 2024
Tencent Music price target raised to $15 from $13 at Mizuho
TheFly
Alicia Yap
Citigroup
12.3 USD
Upside 7%
8 months ago
Mar 20, 2024
These Analysts Raise Their Forecasts On Tencent Music Entertainment After Q4 Results
Benzinga
Charlene Liu
HSBC
10.4 USD
Downside 10%
8 months ago
Mar 20, 2024
Tencent Music Entertainment Group (TME) PT Raised to $10.40 at HSBC on strong outlook
StreetInsider
Lincoln Kong
Goldman Sachs
14 USD
Upside 21%
8 months ago
Mar 20, 2024
Tencent Music Entertainment Ready To Benefit From 'Secular Tailwind Of Music Streaming Adoption': Analysts On Q4 Results, Outlook
Benzinga
Wei Fang
Mizuho Securities
13 USD
Upside 13%
8 months ago
Mar 19, 2024
Tencent Music Entertainment Group (TME) PT Raised to $13 at Mizuho
StreetInsider
Wei Fang
Mizuho Securities
11 USD
Downside 5%
1 year ago
May 17, 2023
Half A Starbucks Cup Worth Of Music? Tencent's Untapped ARPU Potential Revealed
Benzinga
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Jiong Shao
Barclays
Price Target 16 USD
Upside/Downside 39%
View Source
Boris Van
Bernstein
Price Target 14 USD
Upside/Downside 21%
View Source
Yang Liu
Morgan Stanley
Price Target 13 USD
Upside/Downside 13%
View Source
Lei Zhang
Bank of America Securities
Price Target 15 USD
Upside/Downside 30%
View Source
Charlie Chai
86Research
Price Target 12 USD
Upside/Downside 4%
View Source
Candis Chan
Daiwa
Price Target 12 USD
Upside/Downside 4%
View Source
Wei Fang
Mizuho Securities
Price Target 17 USD
Upside/Downside 47%
View Source
Ahmad Halim
CFRA
Price Target 17 USD
Upside/Downside 47%
View Source
Wei Fang
Mizuho Securities
Price Target 15 USD
Upside/Downside 30%
View Source
Alicia Yap
Citigroup
Price Target 12.3 USD
Upside/Downside 7%
View Source
Charlene Liu
HSBC
Price Target 10.4 USD
Upside/Downside 10%
View Source
Lincoln Kong
Goldman Sachs
Price Target 14 USD
Upside/Downside 21%
View Source
Wei Fang
Mizuho Securities
Price Target 13 USD
Upside/Downside 13%
View Source
Wei Fang
Mizuho Securities
Price Target 11 USD
Upside/Downside 5%
View Source
Show More Price Targets
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Tencent Music Entertainment Group Competitors:
Price Targets
SPHR
Sphere Entertainment Co
25% Upside
253450
Studio Dragon Corp
12% Upside
ATG
ATM Grupa SA
42% Upside
LION
Lionsgate Studios Corp
49% Upside
MAJOR
Major Cineplex Group PCL
32% Upside
UMG
Universal Music Group NV
20% Upside

Revenue
Forecast

Revenue Estimate
Tencent Music Entertainment Group

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's revenue is 17%. The projected CAGR for the next 3 years is 8%.

17%
Past Growth
8%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Tencent Music Entertainment Group

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's operating income is 23%. The projected CAGR for the next 3 years is 33%.

23%
Past Growth
33%
Estimated Growth
Estimates Accuracy
-19%
Average Miss

Net Income
Forecast

Net Income Estimate
Tencent Music Entertainment Group

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's net income is 24%. The projected CAGR for the next 3 years is 29%.

24%
Past Growth
29%
Estimated Growth
Estimates Accuracy
-24%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is TME's stock price target?
Price Target
14.39 USD

According to Wall Street analysts, the average 1-year price target for TME is 14.39 USD with a low forecast of 9.14 USD and a high forecast of 17.43 USD.

What is Tencent Music Entertainment Group's Revenue forecast?
Projected CAGR
8%

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's revenue is 17%. The projected CAGR for the next 3 years is 8%.

What is Tencent Music Entertainment Group's Operating Income forecast?
Projected CAGR
33%

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's operating income is 23%. The projected CAGR for the next 3 years is 33%.

What is Tencent Music Entertainment Group's Net Income forecast?
Projected CAGR
29%

For the last 6 years the compound annual growth rate for Tencent Music Entertainment Group's net income is 24%. The projected CAGR for the next 3 years is 29%.

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