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.
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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
