Analyst Julia Pan of UOB Kay Hian maintained a Buy rating on Tencent Holdings , with a price target of HK$650.00.
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Julia Pan’s rating is based on several compelling factors. Tencent Holdings is expected to see a significant revenue increase in the second quarter of 2025, driven by a robust performance in its gaming sector and growth in online advertising. The company’s gaming revenue is projected to rise due to successful monetization strategies and the popularity of evergreen titles like Honor of Kings and PUBG Mobile, alongside the introduction of new games.
Additionally, Tencent’s advancements in AI-powered advertising are anticipated to enhance revenue by improving ad targeting and click-through rates. The integration of AI across Tencent’s ecosystem, including WeChat and QQ, further strengthens its market position. These factors, combined with a promising pipeline of upcoming game releases and the company’s strategic use of AI, underpin Julia Pan’s Buy rating for Tencent Holdings.
According to TipRanks, Pan is a 3-star analyst with an average return of 9.5% and a 47.06% success rate.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a HK$658.00 price target.