Barclays raised the firm’s price target on Tencent (TCEHY) to $90 from $88 and keeps an Overweight rating on the shares. The firm says that with another quarter of the highest revenue growth in the last four years and record profitability, Tencent :once again can earn the claim of being one of the best companies in China.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCEHY:
- Tencent Holdings Reports Strong Q1 2025 Earnings
- Earnings TCEHY: Gaming Boost Helps Revenues at Tencent Holdings Fire Higher
- Earnings TCEHY: Tencent Holdings Revenues Shoot Up 13% Helped By Gaming Boom
- Game On: Nintendo expects to sell 15M Switch 2 units in FY26
- Is Tencent Holdings Stock (TCEHY) a Buy Ahead of Earnings?