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Tencent Music Entertainment Group
OTC:TCMEF

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Tencent Music Entertainment Group
OTC:TCMEF
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Price: 6.24 USD Market Closed
Market Cap: $19.6B

Wall St Price Targets

TCMEF Price Targets Summary
Tencent Music Entertainment Group

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

According to Wall Street analysts, the average 1-year price target for TCMEF is 12.83 USD with a low forecast of 7.31 USD and a high forecast of 21.32 USD.

Lowest Forecast
Price Target
7.31 USD
17% Upside
Average Forecast
Price Target
12.83 USD
106% Upside
Highest Forecast
Price Target
21.32 USD
242% Upside
Tencent Music Entertainment Group Competitors:
Price Targets
SHRIRAMFIN
Shriram Finance Ltd
26% Upside
1928
Sands China Ltd
44% Upside
SEAT
Vivid Seats Inc
18% Upside

Revenue
Forecast

15% / Year
Past Growth
5% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss
15% / Year
Past Growth
5% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss

Over the last 8 years, the compound annual growth rate for Revenue has been 15%. The projected CAGR for the next 8 years is 5%.

Operating Income
Forecast

28% / Year
Past Growth
13% / Year
Estimated Growth
Estimates Accuracy
-18%
Average Miss
28% / Year
Past Growth
13% / Year
Estimated Growth
Estimates Accuracy
-18%
Average Miss

Over the last 8 years, the compound annual growth rate for Operating Income has been 28%. The projected CAGR for the next 5 years is 13%.

Net Income
Forecast

30% / Year
Past Growth
5% / Year
Estimated Growth
Estimates Accuracy
-17%
Average Miss
30% / Year
Past Growth
5% / Year
Estimated Growth
Estimates Accuracy
-17%
Average Miss

Over the last 8 years, the compound annual growth rate for Net Income has been 30%. The projected CAGR for the next 4 years is 5%.

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 you see on other sites is mostly sourced from sell-side analysts.

What is TCMEF's stock price target?
Price Target
12.83 USD

According to Wall Street analysts, the average 1-year price target for TCMEF is 12.83 USD with a low forecast of 7.31 USD and a high forecast of 21.32 USD.

What is the Revenue forecast for Tencent Music Entertainment Group?
Projected CAGR
5%

Over the last 8 years, the compound annual growth rate for Revenue has been 15%. The projected CAGR for the next 8 years is 5%.

What is the Operating Income forecast for Tencent Music Entertainment Group?
Projected CAGR
13%

Over the last 8 years, the compound annual growth rate for Operating Income has been 28%. The projected CAGR for the next 5 years is 13%.

What is the Net Income forecast for Tencent Music Entertainment Group?
Projected CAGR
5%

Over the last 8 years, the compound annual growth rate for Net Income has been 30%. The projected CAGR for the next 4 years is 5%.

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