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Tencent Music Entertainment Group
NYSE:TME

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Tencent Music Entertainment Group Logo
Tencent Music Entertainment Group
NYSE:TME
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Price: 14.26 USD -1.25% Market Closed
Updated: Jul 21, 2024
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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 16.19 USD with a low forecast of 8.48 USD and a high forecast of 19.95 USD.

Lowest
Price Target
8.48 USD
41% Downside
Average
Price Target
16.19 USD
14% Upside
Highest
Price Target
19.95 USD
40% Upside

TME Last Price Targets
Tencent Music Entertainment Group

The latest public price target was made on May 14, 2024 by Wei Fang from Mizuho Securities , who expects TME stock to rise by 19% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Wei Fang
Mizuho Securities
17 USD
Upside 19%
2 months ago
May 14, 2024
Tencent Music price target raised to $17 from $15 at Mizuho
TheFly
Ahmad Halim
CFRA
17 USD
Upside 19%
2 months ago
May 14, 2024
Tencent Music Entertainment Group (TME) PT Raised to $17 at CFRA
StreetInsider
Wei Fang
Mizuho Securities
15 USD
Upside 5%
2 months ago
May 10, 2024
Tencent Music price target raised to $15 from $13 at Mizuho
TheFly
Alicia Yap
Citigroup
12.3 USD
Downside 14%
4 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 27%
4 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
Downside 2%
4 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
Downside 9%
4 months ago
Mar 19, 2024
Tencent Music Entertainment Group (TME) PT Raised to $13 at Mizuho
StreetInsider
Wei Fang
Mizuho Securities
11 USD
Downside 23%
1 year ago
May 17, 2023
Half A Starbucks Cup Worth Of Music? Tencent's Untapped ARPU Potential Revealed
Benzinga
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Wei Fang
Mizuho Securities
Price Target 17 USD
Upside/Downside 19%
View Source
Ahmad Halim
CFRA
Price Target 17 USD
Upside/Downside 19%
View Source
Wei Fang
Mizuho Securities
Price Target 15 USD
Upside/Downside 5%
View Source
Alicia Yap
Citigroup
Price Target 12.3 USD
Upside/Downside 14%
View Source
Charlene Liu
HSBC
Price Target 10.4 USD
Upside/Downside 27%
View Source
Lincoln Kong
Goldman Sachs
Price Target 14 USD
Upside/Downside 2%
View Source
Wei Fang
Mizuho Securities
Price Target 13 USD
Upside/Downside 9%
View Source
Wei Fang
Mizuho Securities
Price Target 11 USD
Upside/Downside 23%
View Source
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Tencent Music Entertainment Group Competitors:
Price Targets
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12% Upside
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Toei Co Ltd
29% Upside
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Gaia Inc
26% Upside
SHEMAROO
Shemaroo Entertainment Ltd
269% Upside
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Zhejiang Talent Television and Film Co Ltd
466% Upside
WORK
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18% Upside
BOL
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14% Upside
BALAJITELE
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188% 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 10%.

17%
Past Growth
10%
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 34%.

23%
Past Growth
34%
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 32%.

24%
Past Growth
32%
Estimated Growth
Estimates Accuracy
-26%
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
16.19 USD

According to Wall Street analysts, the average 1-year price target for TME is 16.19 USD with a low forecast of 8.48 USD and a high forecast of 19.95 USD.

What is Tencent Music Entertainment Group's Revenue forecast?
Projected CAGR
10%

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 10%.

What is Tencent Music Entertainment Group's Operating Income forecast?
Projected CAGR
34%

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 34%.

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%.