Erste Group upgraded Tencent (TCEHY) to Buy from Hold. The firm sees the company’s revenue and profit increasing “more strongly” in 2026 relative to 2025 as it invests in artificial intelligence research and development. The stock’s upward trend should continue, 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 TCEHY:
- Google, Epic Games reach settlement in antitrust lawsuit, Reuters reports
- Nvidia (NVDA) CEO Huang Cautions, ‘China Is Going to Win the AI Race.’ Here’s Why
- 3 ETFs AI Analyst Calls Must-Buys Now, 11/04/2025
- Game On: Nintendo reports sharp increase in H1 earnings, revenue
- Trump Trade: Top Trump aides opposed export of Blackwell chips to China