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Tencent Music Entertainment Group (TME) Stock Forecast, Price Target & Predictions

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TME Stock Forecast

Tencent Music Entertainment Group (TME) stock forecast, based on 22 Wall Street analysts, predicts a 12-month average price target of $14.62, with a high of $24.00 and a low of $9.00. This represents a -22.32% decline from the last price of $18.82.

$5 $9 $13 $17 $21 $25 High: $24 Avg: $14.62 Low: $9 Last Closed Price: $18.82

TME Stock Rating

Tencent Music Entertainment Group stock's rating consensus is Buy, based on 22 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 13 Buy (59.09%), 8 Hold (36.36%), 1 Sell (4.55%), and 0 Strong Sell (0.00%).

Buy
Total 22 0 1 8 13 Strong Sell Sell Hold Buy Strong Buy

TME Price Target Upside V Benchmarks

TypeNameUpside
StockTencent Music Entertainment Group-22.32%
SectorCommunication Services Stocks 6.25%
IndustryInternet Content & Information Stocks 5.71%

Price Target Trends

1M3M12M
# Anlaysts--6
Avg Price Target--$13.67
Last Closing Price$18.82$18.82$18.82
Upside/Downside---27.36%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 2510202--32
May, 2510202--32
Apr, 259192--30
Mar, 258183--29
Feb, 258193--30
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Jiong ShaoBarclays$16.00$11.7536.17%-14.98%
Nov 04, 2024Boris VanBernstein$14.00$11.2624.33%-25.61%
Sep 25, 2024Yang LiuMorgan Stanley$13.00$11.2715.35%-30.92%
Aug 14, 2024Lei ZhangBank of America Securities$15.00$11.1234.89%-20.30%
Aug 14, 2024Charlie Chai86Research$12.00$11.137.82%-36.24%
Aug 13, 2024Candis ChanDaiwa$12.00$11.147.72%-36.24%
May 14, 2024Ahmad HalimCFRA$17.00$14.6216.28%-9.67%
May 14, 2024Wei FangMizuho Securities$17.00$14.8014.86%-9.67%
May 10, 2024Wei FangMizuho Securities$15.00$13.3812.11%-20.30%
Mar 20, 2024Lincoln KongGoldman Sachs$14.00$11.5321.42%-25.61%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
May 14, 2025BernsteinOutperformOutperformhold
May 13, 2025Morgan StanleyOverweightOverweighthold
Mar 26, 2025Deutsche BankBuyupgrade
Nov 29, 2024BernsteinOutperformOutperformhold
Nov 12, 2024CitigroupBuyBuyhold
Nov 06, 2024BarclaysOverweightinitialise
Nov 04, 2024BernsteinOutperforminitialise
Oct 07, 2024MacquarieOutperformOutperformhold
Sep 25, 2024Morgan StanleyOverweightEqual-Weightdowngrade
Aug 14, 2024Bank of America SecuritiesBuyBuyhold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 $7 $8 $9 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.50$1.82$1.15------
Avg Forecast$2.55$2.09$2.34$3.28$4.27$5.04$5.81$6.49$8.24
High Forecast$2.83$2.32$2.42$3.45$4.33$5.33$6.62$6.88$8.67
Low Forecast$2.45$2.01$2.30$3.19$4.14$4.68$4.95$6.28$8.01
Surprise %-1.96%-12.92%-50.85%------

Revenue Forecast

$25B $29B $33B $37B $41B $45B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$29.15B$31.24B$28.34B$27.75B-----
Avg Forecast$29.09B$31.33B$28.05B$27.50B$28.25B$31.26B$34.43B$37.43B$42.24B
High Forecast$31.61B$34.04B$28.77B$27.79B$28.47B$32.34B$34.57B$37.46B$43.97B
Low Forecast$28.28B$30.45B$27.64B$27.28B$28.11B$30.47B$34.28B$37.39B$41.33B
Surprise %0.21%-0.27%1.04%0.91%-----

Net Income Forecast

$0 $3B $6B $9B $12B $15B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$4.16B$3.03B$3.68B$4.92B-----
Avg Forecast$4.03B$3.30B$3.71B$5.26B$6.71B$7.60B$8.69B$10.35B$13.05B
High Forecast$4.49B$3.68B$3.84B$5.47B$6.86B$8.45B$10.49B$10.91B$13.74B
Low Forecast$3.89B$3.18B$3.64B$5.05B$6.56B$7.42B$7.84B$9.95B$12.68B
Surprise %3.04%-8.32%-1.01%-6.42%-----

TME Forecast FAQ

Is Tencent Music Entertainment Group stock a buy?

Tencent Music Entertainment Group stock has a consensus rating of Buy, based on 22 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 13 Buy, 8 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Tencent Music Entertainment Group is a favorable investment for most analysts.

What is Tencent Music Entertainment Group's price target?

Tencent Music Entertainment Group's price target, set by 22 Wall Street analysts, averages $14.62 over the next 12 months. The price target range spans from $9 at the low end to $24 at the high end, suggesting a potential -22.32% change from the previous closing price of $18.82.

How does Tencent Music Entertainment Group stock forecast compare to its benchmarks?

Tencent Music Entertainment Group's stock forecast shows a -22.32% downside, underperforming the average forecast for the communication services stocks sector (6.25%) and underperforming the internet content & information stocks industry (5.71%).

What is the breakdown of analyst ratings for Tencent Music Entertainment Group over the past three months?

  • June 2025: 31.25% Strong Buy, 62.50% Buy, 6.25% Hold, 0% Sell, 0% Strong Sell.
  • May 2025: 31.25% Strong Buy, 62.50% Buy, 6.25% Hold, 0% Sell, 0% Strong Sell.
  • April 2025: 30.00% Strong Buy, 63.33% Buy, 6.67% Hold, 0% Sell, 0% Strong Sell.

What is Tencent Music Entertainment Group’s EPS forecast?

Tencent Music Entertainment Group's average annual EPS forecast for its fiscal year ending in December 2024 is $4.27, marking a 0% decrease from the reported $0 in 2023. Estimates for the following years are $5.04 in 2025, $5.81 in 2026, $6.49 in 2027, and $8.24 in 2028.

What is Tencent Music Entertainment Group’s revenue forecast?

Tencent Music Entertainment Group's average annual revenue forecast for its fiscal year ending in December 2024 is $28.25B, reflecting a 1.79% increase from the reported $27.75B in 2023. The forecast for 2025 is $31.26B, followed by $34.43B for 2026, $37.43B for 2027, and $42.24B for 2028.

What is Tencent Music Entertainment Group’s net income forecast?

Tencent Music Entertainment Group's net income forecast for the fiscal year ending in December 2024 stands at $6.71B, representing an 36.33% increase from the reported $4.92B in 2023. Projections indicate $7.6B in 2025, $8.69B in 2026, $10.35B in 2027, and $13.05B in 2028.