Tencent Music Entertainment Group Class A (1698) Stock Forecast & Price Target

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Top Analysts

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1698 Analyst Ratings

Strong Buy

5 Buy

0 Hold

0 Sell

Based on 5 analysts giving stock ratings to

Tencent

Music Entertainment Group Class A

in the past 3 months

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$70.24

▲(3.14%Upside)

Based on 5 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group Class A in the last 3 months. The average price target is HK$70.24 with a high forecast of HK$78.00 and a low forecast of HK$59.50. The average price target represents a 3.14% change from the last price of HK$68.10.

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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":30.48,"date":1698796800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":33.7,"date":1704067200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            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Highest Price TargetHK$78.00

Average Price TargetHK$70.24

Lowest Price TargetHK$59.50

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

Maggie YeCLSA

CLSA

HK$64.69→HK$77.7

Buy

14.10%

Upside

Reiterated

06/06/25

CLSA Sticks to Its Buy Rating for Tencent Music Entertainment Group Class A (1698)

Boris VanBernstein

Bernstein

HK$60→HK$78

Buy

14.54%

Upside

Reiterated

06/02/25

Tencent Music Entertainment Group Class A (1698) Gets a Buy from Bernstein

Alex YaoJ.P. Morgan

J.P. Morgan

HK$62→HK$67

Buy

-1.62%

Downside

Reiterated

05/14/25

J.P. Morgan Reaffirms Their Buy Rating on Tencent Music Entertainment Group Class A (1698)

Leo ChiangDeutsche Bank

Deutsche Bank

HK$51→HK$69

Buy

1.32%

Upside

Upgraded

03/26/25

Tencent Music upgraded at Deutsche Bank on accelerating growth expectationsTencent Music upgraded at Deutsche Bank on accelerating growth expectations

Lincoln KongGoldman Sachs

Goldman Sachs

HK$52.6→HK$59.5

Buy

-12.63%

Downside

Reiterated

03/19/25

Tencent Music Entertainment Group (1698:HK) (TME) PT Raised to HK$59.50 at Goldman SachsGoldman Sachs analyst Lincoln Kong raised the price target on Tencent Music Entertainment Group (1698:HK) (NYSE: TME) to HK$59.50 (from HK$52.60) while maintaining a Buy rating.

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Maggie YeCLSA

CLSA

HK$64.69→HK$77.7

Buy

14.10%

Upside

Reiterated

06/06/25

CLSA Sticks to Its Buy Rating for Tencent Music Entertainment Group Class A (1698)

Boris VanBernstein

Bernstein

HK$60→HK$78

Buy

14.54%

Upside

Reiterated

06/02/25

Tencent Music Entertainment Group Class A (1698) Gets a Buy from Bernstein

Alex YaoJ.P. Morgan

J.P. Morgan

HK$62→HK$67

Buy

-1.62%

Downside

Reiterated

05/14/25

J.P. Morgan Reaffirms Their Buy Rating on Tencent Music Entertainment Group Class A (1698)

Leo ChiangDeutsche Bank

Deutsche Bank

HK$51→HK$69

Buy

1.32%

Upside

Upgraded

03/26/25

Tencent Music upgraded at Deutsche Bank on accelerating growth expectationsTencent Music upgraded at Deutsche Bank on accelerating growth expectations

Lincoln KongGoldman Sachs

Goldman Sachs

HK$52.6→HK$59.5

Buy

-12.63%

Downside

Reiterated

03/19/25

Stocks with the Highest Top Analyst Consensus in the Communication Services Sector

xxx

Find stocks in the Communication Services sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Tencent Music Entertainment Group Class A

1 Month

xxx

Success Rate

3/5 ratings generated profit

Average Return

+3.76%

reiterated a xxx

rating 7 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 +3.76% per trade.

3 Months

xxx

Success Rate

5/5 ratings generated profit

Average Return

+15.12%

reiterated a xxx

rating 7 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 +15.12% per trade.

1 Year

Boris VanBernstein

Success Rate

5/5 ratings generated profit

Average Return

+33.74%

reiterated a buy rating 7 days ago

Copying Boris Van's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +33.74% per trade.

2 Years

xxx

Success Rate

5/5 ratings generated profit

Average Return

+33.74%

reiterated a xxx

rating 7 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 +33.74% 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

Buy

Hold

Sell

Strong Sell

total

In the current month, 1698 has received 9 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. 1698 average Analyst price target in the past 3 months is 70.24.

Each month's total comprises the sum of three months' worth of ratings.

1698 Financial Forecast

1698 Earnings Forecast

Next quarter’s earnings estimate for 1698 is HK$0.77 with a range of HK$0.69 to HK$0.84. The previous quarter’s EPS was HK$1.50. 1698 beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.38% of the time in the same period. In the last calendar year 1698 has Outperformed its overall industry.

1698 Sales Forecast

Next quarter’s sales forecast for 1698 is HK$8.62B with a range of HK$8.35B to HK$8.71B. The previous quarter’s sales results were HK$7.86B. 1698 beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 55.69% of the time in the same period. In the last calendar year 1698 has Outperformed its overall industry.

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 70.24.

What is HK:1698’s upside potential, based on the analysts’ average price target?

Tencent Music Entertainment Group Class A has 3.14% 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 5 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 70.24. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is HK$78.00 ,and the lowest forecast is HK$59.50. The average share price target represents 3.14% Increase from the current price of HK$68.1.

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 5 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.

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Tencent Music Entertainment Group Class A (1698) Stock Forecast & Price Target

1698 Analyst Ratings

1698 Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Music Entertainment Group Class A

1698 Analyst Recommendation Trends

1698 Financial Forecast

1698 Earnings Forecast

1698 Sales Forecast

1698 Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts