Tencent Music Entertainment Group
HKEX:1698

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Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
HKEX:1698
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Price: 62.75 HKD -1.34%
Market Cap: 215.4B HKD

Wall Street
Price Targets

Price Targets Summary
Tencent Music Entertainment Group

Wall Street analysts forecast Tencent Music Entertainment Group stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Tencent Music Entertainment Group is 104.66 HKD with a low forecast of 72.1 HKD and a high forecast of 124.92 HKD.

Lowest
Price Target
72.1 HKD
15% Upside
Average
Price Target
104.66 HKD
67% Upside
Highest
Price Target
124.92 HKD
99% Upside
Tencent Music Entertainment Group Competitors:
Price Targets
CRSR
Corsair Gaming Inc
65% Upside
CONCORDBIO
Concord Biotech Ltd
25% Upside

Revenue
Forecast

15% / Year
Past Growth
16% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss
15% / Year
Past Growth
16% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's revenue is 15%. The projected CAGR for the next 4 years is 16%.

Operating Income
Forecast

27% / Year
Past Growth
26% / Year
Estimated Growth
Estimates Accuracy
-13%
Average Miss
27% / Year
Past Growth
26% / Year
Estimated Growth
Estimates Accuracy
-13%
Average Miss

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's operating income is 27%. The projected CAGR for the next 4 years is 26%.

Net Income
Forecast

26% / Year
Past Growth
22% / Year
Estimated Growth
Estimates Accuracy
-14%
Average Miss
26% / Year
Past Growth
22% / Year
Estimated Growth
Estimates Accuracy
-14%
Average Miss

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's net income is 26%. The projected CAGR for the next 4 years is 22%.

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 Tencent Music Entertainment Group's stock price target?
Price Target
104.66 HKD

According to Wall Street analysts, the average 1-year price target for Tencent Music Entertainment Group is 104.66 HKD with a low forecast of 72.1 HKD and a high forecast of 124.92 HKD.

What is Tencent Music Entertainment Group's Revenue forecast?
Projected CAGR
16%

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's revenue is 15%. The projected CAGR for the next 4 years is 16%.

What is Tencent Music Entertainment Group's Operating Income forecast?
Projected CAGR
26%

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's operating income is 27%. The projected CAGR for the next 4 years is 26%.

What is Tencent Music Entertainment Group's Net Income forecast?
Projected CAGR
22%

For the last 7 years the compound annual growth rate for Tencent Music Entertainment Group's net income is 26%. The projected CAGR for the next 4 years is 22%.

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