Tencent Music Entertainment Group
NYSE:TME
Wall Street
Price Targets
TME Price Targets Summary
Tencent Music Entertainment Group
According to Wall Street analysts, the average 1-year price target for
TME
is 12.25 USD
with a low forecast of 7.58 USD and a high forecast of 15.75 USD.
TME Last Price Targets
Tencent Music Entertainment Group
The latest public price target was made on Mar 20, 2024 by
Alicia Yap
from
Citigroup
,
who expects
TME
stock to
rise by 6%
over the next 12 months.
You can read more about this price target by viewing
the article on Benzinga.
| Analyst | Price Target | Date | Article |
|---|---|---|---|
Alicia Yap
Citigroup
|
12.3
USD
Upside 6% |
4 weeks 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% |
4 weeks 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% |
4 weeks 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 12% |
1 month ago
Mar 19, 2024
|
Tencent Music Entertainment Group (TME) PT Raised to $13 at Mizuho
StreetInsider
|
|
Wei Fang
Mizuho Securities
|
11
USD
Downside 5% |
11 months ago
May 17, 2023
|
Half A Starbucks Cup Worth Of Music? Tencent's Untapped ARPU Potential Revealed
Benzinga
|
Price Targets
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
17%.
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
32%.
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
12.25
USD
According to Wall Street analysts, the average 1-year price target for
TME
is 12.25 USD
with a low forecast of 7.58 USD and a high forecast of 15.75 USD.
What is Tencent Music Entertainment Group's Revenue forecast?
Projected CAGR
9%
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
9%.
What is Tencent Music Entertainment Group's Operating Income forecast?
Projected CAGR
17%
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
17%.
What is Tencent Music Entertainment Group's Net Income forecast?
Projected CAGR
32%
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
32%.
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