Barclays raised the firm’s price target on Tencent Music (TME) to $27 from $16 and keeps an Overweight rating on the shares. The company reported a “clean beat and raise” quarter and its value proposition is unmatched, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TME:
- Tencent Music Reports Strong Q2 2025 Growth
- Tencent Music price target raised to $27.50 from $25 at Bernstein
- Tencent Music price target raised to $29 from $23 at Citi
- Tencent Music price target raised to $29.80 from $26.20 at Macquarie
- Barclays ups Tencent Music price target, says Q2 was all-around perfect