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Tencent Music Entertainment Group (TME)
NYSE:TME
TME Analyst Ratings
Strong Buy
7 Buy
2 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
TME Stock 12 Month Forecast
Average Price Target
$26.83
▲(52.18% Upside)
| Highest Price Target$30.00 | Average Price Target$26.83 | Lowest Price Target$21.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Morgan Stanley
$27.5
Buy
55.98%
Upside
Assigned
12/11/25
China Renaissance
$25→$21
Hold
19.12%
Upside
Reiterated
11/26/25
Benchmark Co.
$25
Buy
41.80%
Upside
Reiterated
11/13/25
CMB International Securities
$28
Buy
58.82%
Upside
Reiterated
11/13/25
Strong Financial Performance and Strategic Investments Drive Buy Rating for Tencent MusicWe expect total revenue growth will decelerate to +12% YoY in 4Q25E, largely in line with consensus, mainly due to the normalisation of revenue from offline performances. For FY26E, the company will further step up investment in content and new monetization opportunities such as offline performance and artist-related merchandise, which may drive sustainable revenue growth but impact short-term margins, in our view. We lower our FY26-27E earnings forecast by 3-5% in light of the increased investment. We lower our DCF-derived TP to US$28.0 (previous: US$29.50 based on DCF). Maintain BUY. Strong online music business supported by multiple drivers.
Mizuho Securities
$28
Buy
58.82%
Upside
Reiterated
11/13/25
Barclays
$27→$28
Buy
58.82%
Upside
Reiterated
11/12/25
Citi
$29
Buy
64.49%
Upside
Reiterated
11/12/25
China Galaxy International
$25
Hold
41.80%
Upside
Initiated
10/28/25
J.P. Morgan
$17→$30
Buy
70.16%
Upside
Reiterated
08/14/25
Jefferies
$26→$28
Buy
58.82%
Upside
Reiterated
08/12/25
Macquarie
$26.2→$29.8
Buy
69.03%
Upside
Reiterated
08/12/25
Daiwa
$17→$27
Buy
53.15%
Upside
Upgraded
08/12/25
Bernstein
$25→$27.5
Buy
55.98%
Upside
Reiterated
08/12/25
Goldman Sachs
$15.5→$21
Buy
19.12%
Upside
Reiterated
06/18/25
Analyst Type
Any
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Morgan Stanley
$27.5
Buy
55.98%
Upside
Assigned
12/11/25
China Renaissance
$25→$21
Hold
19.12%
Upside
Reiterated
11/26/25
Benchmark Co.
$25
Buy
41.80%
Upside
Reiterated
11/13/25
CMB International Securities
$28
Buy
58.82%
Upside
Reiterated
11/13/25
Strong Financial Performance and Strategic Investments Drive Buy Rating for Tencent MusicWe expect total revenue growth will decelerate to +12% YoY in 4Q25E, largely in line with consensus, mainly due to the normalisation of revenue from offline performances. For FY26E, the company will further step up investment in content and new monetization opportunities such as offline performance and artist-related merchandise, which may drive sustainable revenue growth but impact short-term margins, in our view. We lower our FY26-27E earnings forecast by 3-5% in light of the increased investment. We lower our DCF-derived TP to US$28.0 (previous: US$29.50 based on DCF). Maintain BUY. Strong online music business supported by multiple drivers.
Mizuho Securities
$28
Buy
58.82%
Upside
Reiterated
11/13/25
Barclays
$27→$28
Buy
58.82%
Upside
Reiterated
11/12/25
Citi
$29
Buy
64.49%
Upside
Reiterated
11/12/25
China Galaxy International
$25
Hold
41.80%
Upside
Initiated
10/28/25
J.P. Morgan
$17→$30
Buy
70.16%
Upside
Reiterated
08/14/25
Jefferies
$26→$28
Buy
58.82%
Upside
Reiterated
08/12/25
Macquarie
$26.2→$29.8
Buy
69.03%
Upside
Reiterated
08/12/25
Daiwa
$17→$27
Buy
53.15%
Upside
Upgraded
08/12/25
Bernstein
$25→$27.5
Buy
55.98%
Upside
Reiterated
08/12/25
Goldman Sachs
$15.5→$21
Buy
19.12%
Upside
Reiterated
06/18/25
Best Analysts Covering Tencent Music Entertainment Group
1 Month
xxx
Success Rate
7/9 ratings generated profit
Average Return
+7.11%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 77.78% of your transactions generating a profit, with an average return of +7.11% per trade.
3 Months
xxx
Success Rate
7/8 ratings generated profit
Average Return
+26.76%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 87.50% of your transactions generating a profit, with an average return of +26.76% per trade.
1 Year
2 Years
xxx
Success Rate
7/8 ratings generated profit
Average Return
+27.96%
reiterated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 87.50% of your transactions generating a profit, with an average return of +27.96% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
TME Analyst Recommendation Trends
Rating
Aug 25
Sep 25
Oct 25
Nov 25
Dec 25
Strong Buy
0
0
0
1
2
Buy
20
14
16
9
8
Hold
0
0
1
2
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
20
14
17
12
12
Each month's total comprises the sum of three months' worth of ratings.
TME Financial Forecast
TME Stock Forecast FAQ
What is TME’s average 12-month price target, according to analysts?
Based on analyst ratings, Tencent Music Entertainment Group’s 12-month average price target is 26.83.
What is TME’s upside potential, based on the analysts’ average price target?
Tencent Music Entertainment Group has 52.18% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is TME a Buy, Sell or Hold?
Tencent Music Entertainment Group has a consensus rating of Strong Buy which is based on 7 buy ratings, 2 hold ratings and 0 sell ratings.
What is Tencent Music Entertainment Group’s price target?
The average price target for Tencent Music Entertainment Group is 26.83. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $30.00 ,the lowest forecast is $21.00. The average price target represents 52.18% Increase from the current price of $17.63.
The highest analyst price target is $30.00 ,the lowest forecast is $21.00. The average price target represents 52.18% Increase from the current price of $17.63.
What do analysts say about Tencent Music Entertainment Group?
Tencent Music Entertainment Group’s analyst rating consensus is a Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.
How can I buy shares of TME?
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