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Tencent Music Entertainment Group Class A (HK:1698)
:1698
1698 Analyst Ratings
Strong Buy
4 Buy
0 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
1698 Stock 12 Month Forecast
Average Price Target
HK$76.18
▲(4.79%Upside)
| Highest Price TargetHK$82.00 | Average Price TargetHK$76.18 | Lowest Price TargetHK$67.00 |
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
TipRanks
HK$88
Buy
21.05%
Upside
Reiterated
06/13/25
Tencent Music Entertainment Group's stock score is strong, driven by robust financial performance and bullish technical indicators. Positive earnings call sentiment further supports the score, while valuation suggests potential for growth. Monitoring of strategic shifts away from social entertainment is advisable.
Goldman Sachs
HK$60.4→HK$82
Buy
12.79%
Upside
Reiterated
06/18/25
Bernstein
HK$78
Buy
7.29%
Upside
Reiterated
06/11/25
CLSA
HK$64.69→HK$77.7
Buy
6.88%
Upside
Reiterated
06/06/25
J.P. Morgan
HK$62→HK$67
Buy
-7.84%
Downside
Reiterated
05/14/25
Deutsche Bank
HK$51→HK$69
Buy
-5.09%
Downside
Upgraded
03/26/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TipRanks
HK$88
Buy
21.05%
Upside
Reiterated
06/13/25
Tencent Music Entertainment Group's stock score is strong, driven by robust financial performance and bullish technical indicators. Positive earnings call sentiment further supports the score, while valuation suggests potential for growth. Monitoring of strategic shifts away from social entertainment is advisable.
Goldman Sachs
HK$60.4→HK$82
Buy
12.79%
Upside
Reiterated
06/18/25
Bernstein
HK$78
Buy
7.29%
Upside
Reiterated
06/11/25
CLSA
HK$64.69→HK$77.7
Buy
6.88%
Upside
Reiterated
06/06/25
J.P. Morgan
HK$62→HK$67
Buy
-7.84%
Downside
Reiterated
05/14/25
Deutsche Bank
HK$51→HK$69
Buy
-5.09%
Downside
Upgraded
03/26/25
Best Analysts Covering Tencent Music Entertainment Group Class A
1 Month
xxx
Success Rate
3/5 ratings generated profit
Average Return
+6.74%
reiterated a xxx
rating 19 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 60.00% of your transactions generating a profit, with an average return of +6.74% per trade.
3 Months
xxx
Success Rate
5/5 ratings generated profit
Average Return
+19.66%
reiterated a xxx
rating 19 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +19.66% per trade.
1 Year
2 Years
xxx
Success Rate
5/5 ratings generated profit
Average Return
+42.28%
reiterated a xxx
rating 19 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +42.28% 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.
1698 Analyst Recommendation Trends
Rating
Nov 24
Dec 24
Mar 25
May 25
Jun 25
Strong Buy
0
0
0
0
0
Buy
5
3
6
8
11
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
5
3
6
8
11
Each month's total comprises the sum of three months' worth of ratings.
1698 Financial Forecast
1698 Stock Forecast FAQ
What is HK:1698’s average 12-month price target, according to analysts?
Based on analyst ratings, Tencent Music Entertainment Group Class A’s 12-month average price target is 76.18.
What is HK:1698’s upside potential, based on the analysts’ average price target?
Tencent Music Entertainment Group Class A has 4.79% 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 Tencent Music Entertainment Group Class A a Buy, Sell or Hold?
Tencent Music Entertainment Group Class A has a consensus rating of Strong Buy, which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.
What is Tencent Music Entertainment Group Class A’s share price target?
The average share price target for Tencent Music Entertainment Group Class A is 76.18. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is HK$82.00 ,and the lowest forecast is HK$67.00. The average share price target represents 4.79% Increase from the current price of HK$72.7.
The highest analyst share price target is HK$82.00 ,and the lowest forecast is HK$67.00. The average share price target represents 4.79% Increase from the current price of HK$72.7.
What do analysts say about Tencent Music Entertainment Group Class A?
Tencent Music Entertainment Group Class A’s analyst rating consensus is a Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
How can I buy shares of Tencent Music Entertainment Group Class A?
To buy shares of HK:1698, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.