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Tencent Music Entertainment Group (TME)
NYSE:TME
US Market

Tencent Music Entertainment Group (TME) Stock Forecast & Price Target

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TME Analyst Ratings

Moderate Buy
12Ratings
Moderate Buy
5 Buy
7 Hold
0 Sell
Based on 12 analysts giving stock ratings to
Tencent
Music Entertainment Group
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

TME Stock 12 Month Forecast

Average Price Target

$16.58
▲(60.97% Upside)
Based on 12 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $16.58 with a high forecast of $23.00 and a low forecast of $12.00. The average price target represents a 60.97% change from the last price of $10.30.
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Highest Price Target$23.00Average Price Target$16.58Lowest Price Target$12.00
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​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Morgan Stanley Analyst forecast on TME
Morgan Stanley
Morgan Stanley
$25$12.3
Hold
19.42%
Upside
Downgraded
03/19/26
Tencent Music downgraded to Equal Weight from Overweight at Morgan StanleyTencent Music downgraded to Equal Weight from Overweight at Morgan Stanley
Benchmark Co. Analyst forecast on TME
Benchmark Co.
Benchmark Co.
Hold
Downgraded
03/18/26
Tencent Music downgraded to Hold from Buy at BenchmarkTencent Music downgraded to Hold from Buy at Benchmark
CMB International Securities Analyst forecast on TME
CMB International Securities
CMB International Securities
$20
Buy
94.17%
Upside
Reiterated
03/18/26
Analysts Conflicted on These Communication Services Names: Tencent Music Entertainment Group (NYSE: TME), Universal Music Group (Other OTC: UMGNF) and CyberAgent (Other OTC: CYAGF)
Daiwa
$12
Hold
16.50%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Hold from Buy at DaiwaTencent Music downgraded to Hold from Buy at Daiwa
Barclays Analyst forecast on TME
Barclays
Barclays
$28$20
Buy
94.17%
Upside
Reiterated
03/18/26
Analysts Conflicted on These Communication Services Names: Netflix (NASDAQ: NFLX) and Tencent Music Entertainment Group (NYSE: TME)
J.P. Morgan Analyst forecast on TME
J.P. Morgan
J.P. Morgan
$12
Hold
16.50%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Neutral from Overweight at JPMorganTencent Music downgraded to Neutral from Overweight at JPMorgan
Mizuho Securities Analyst forecast on TME
Mizuho Securities
Mizuho Securities
$28$23
Buy
123.30%
Upside
Reiterated
03/18/26
Tencent Music price target lowered to $23 from $28 at MizuhoTencent Music price target lowered to $23 from $28 at Mizuho
UBS
$26$13
Hold
26.21%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Neutral from Buy at UBSTencent Music downgraded to Neutral from Buy at UBS
Goldman Sachs Analyst forecast on TME
Goldman Sachs
Goldman Sachs
$20$17.6
Buy
70.87%
Upside
Reiterated
03/17/26
Analysts Offer Insights on Communication Services Companies: Meta Platforms (NASDAQ: META) and Tencent Music Entertainment Group (NYSE: TME)
86Research Analyst forecast on TME
86Research
86Research
$17.4
Buy
68.93%
Upside
Upgraded
03/06/26
Tencent Music upgraded to Buy from Hold at 86 ResearchTencent Music upgraded to Buy from Hold at 86 Research
Macquarie Analyst forecast on TME
Macquarie
Macquarie
$14.1
Hold
36.89%
Upside
Downgraded
03/05/26
Tencent Music downgraded to Neutral from Outperform at MacquarieTencent Music downgraded to Neutral from Outperform at Macquarie
China Renaissance Analyst forecast on TME
China Renaissance
China Renaissance
$21
Hold
103.88%
Upside
Reiterated
02/10/26
Analysts Offer Insights on Communication Services Companies: Upwork (NASDAQ: UPWK) and Tencent Music Entertainment Group (NYSE: TME)
Citi
$29
Buy
181.55%
Upside
Reiterated
11/12/25
Buy Recommendation for Tencent Music Entertainment Group: Strategic Initiatives and Strong Market Positioning
China Galaxy International Analyst forecast on TME
China Galaxy International
China Galaxy International
$25
Hold
142.72%
Upside
Initiated
10/28/25
Hold Rating for Tencent Music Entertainment Group Amidst Premium Valuation and Competitive Challenges
Jefferies Analyst forecast on TME
Jefferies
Jefferies
$26$28
Buy
171.84%
Upside
Reiterated
08/12/25
Jefferies Remains a Buy on Tencent Music Entertainment Group (TME)
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Morgan Stanley Analyst forecast on TME
Morgan Stanley
Morgan Stanley
$25$12.3
Hold
19.42%
Upside
Downgraded
03/19/26
Tencent Music downgraded to Equal Weight from Overweight at Morgan StanleyTencent Music downgraded to Equal Weight from Overweight at Morgan Stanley
Benchmark Co. Analyst forecast on TME
Benchmark Co.
Benchmark Co.
Hold
Downgraded
03/18/26
Tencent Music downgraded to Hold from Buy at BenchmarkTencent Music downgraded to Hold from Buy at Benchmark
CMB International Securities Analyst forecast on TME
CMB International Securities
CMB International Securities
$20
Buy
94.17%
Upside
Reiterated
03/18/26
Analysts Conflicted on These Communication Services Names: Tencent Music Entertainment Group (NYSE: TME), Universal Music Group (Other OTC: UMGNF) and CyberAgent (Other OTC: CYAGF)
Daiwa
$12
Hold
16.50%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Hold from Buy at DaiwaTencent Music downgraded to Hold from Buy at Daiwa
Barclays Analyst forecast on TME
Barclays
Barclays
$28$20
Buy
94.17%
Upside
Reiterated
03/18/26
Analysts Conflicted on These Communication Services Names: Netflix (NASDAQ: NFLX) and Tencent Music Entertainment Group (NYSE: TME)
J.P. Morgan Analyst forecast on TME
J.P. Morgan
J.P. Morgan
$12
Hold
16.50%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Neutral from Overweight at JPMorganTencent Music downgraded to Neutral from Overweight at JPMorgan
Mizuho Securities Analyst forecast on TME
Mizuho Securities
Mizuho Securities
$28$23
Buy
123.30%
Upside
Reiterated
03/18/26
Tencent Music price target lowered to $23 from $28 at MizuhoTencent Music price target lowered to $23 from $28 at Mizuho
UBS
$26$13
Hold
26.21%
Upside
Downgraded
03/18/26
Tencent Music downgraded to Neutral from Buy at UBSTencent Music downgraded to Neutral from Buy at UBS
Goldman Sachs Analyst forecast on TME
Goldman Sachs
Goldman Sachs
$20$17.6
Buy
70.87%
Upside
Reiterated
03/17/26
Analysts Offer Insights on Communication Services Companies: Meta Platforms (NASDAQ: META) and Tencent Music Entertainment Group (NYSE: TME)
86Research Analyst forecast on TME
86Research
86Research
$17.4
Buy
68.93%
Upside
Upgraded
03/06/26
Tencent Music upgraded to Buy from Hold at 86 ResearchTencent Music upgraded to Buy from Hold at 86 Research
Macquarie Analyst forecast on TME
Macquarie
Macquarie
$14.1
Hold
36.89%
Upside
Downgraded
03/05/26
Tencent Music downgraded to Neutral from Outperform at MacquarieTencent Music downgraded to Neutral from Outperform at Macquarie
China Renaissance Analyst forecast on TME
China Renaissance
China Renaissance
$21
Hold
103.88%
Upside
Reiterated
02/10/26
Analysts Offer Insights on Communication Services Companies: Upwork (NASDAQ: UPWK) and Tencent Music Entertainment Group (NYSE: TME)
Citi
$29
Buy
181.55%
Upside
Reiterated
11/12/25
Buy Recommendation for Tencent Music Entertainment Group: Strategic Initiatives and Strong Market Positioning
China Galaxy International Analyst forecast on TME
China Galaxy International
China Galaxy International
$25
Hold
142.72%
Upside
Initiated
10/28/25
Hold Rating for Tencent Music Entertainment Group Amidst Premium Valuation and Competitive Challenges
Jefferies Analyst forecast on TME
Jefferies
Jefferies
$26$28
Buy
171.84%
Upside
Reiterated
08/12/25
Jefferies Remains a Buy on Tencent Music Entertainment Group (TME)
Stocks with the Highest Top Analyst Consensus in the Communication Services Sector
Find stocks in the Communication Services sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Tencent Music Entertainment Group

3 Months
xxx
Success Rate
7/8 ratings generated profit
88%
Average Return
+26.76%
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
Wei FangMizuho Securities
Success Rate
10/14 ratings generated profit
71%
Average Return
+32.51%
Copying Wei Fang's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +32.51% per trade.
2 Years
xxx
Success Rate
9/14 ratings generated profit
64%
Average Return
+38.34%
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 64.29% of your transactions generating a profit, with an average return of +38.34% 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
Nov 25
Dec 25
Jan 26
Feb 26
Mar 26
Strong Buy
1
2
2
1
4
Buy
5
5
6
2
2
Hold
2
2
1
1
7
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
8
9
9
4
13
In the current month, TME has received 6 Buy Ratings, 7 Hold Ratings, and 0 Sell Ratings. TME average Analyst price target in the past 3 months is 16.58.
Each month's total comprises the sum of three months' worth of ratings.

TME Financial Forecast

TME Earnings Forecast

Next quarter’s earnings estimate for TME is $0.20 with a range of $0.17 to $0.22. The previous quarter’s EPS was $0.21. TME beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.10% of the time in the same period. In the last calendar year TME has Performed in-line its overall industry.
Next quarter’s earnings estimate for TME is $0.20 with a range of $0.17 to $0.22. The previous quarter’s EPS was $0.21. TME beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.10% of the time in the same period. In the last calendar year TME has Performed in-line its overall industry.

TME Sales Forecast

Next quarter’s sales forecast for TME is $1.15B with a range of $1.13B to $1.17B. The previous quarter’s sales results were $1.22B. TME beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 56.89% of the time in the same period. In the last calendar year TME has Performed in-line its overall industry.
Next quarter’s sales forecast for TME is $1.15B with a range of $1.13B to $1.17B. The previous quarter’s sales results were $1.22B. TME beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 56.89% of the time in the same period. In the last calendar year TME has Performed in-line its overall industry.

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 16.58.
    What is TME’s upside potential, based on the analysts’ average price target?
    Tencent Music Entertainment Group has 60.97% 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 Moderate Buy which is based on 5 buy ratings, 7 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 16.58. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $23.00 ,the lowest forecast is $12.00. The average price target represents 60.97% Increase from the current price of $10.3.
              What do analysts say about Tencent Music Entertainment Group?
              Tencent Music Entertainment Group’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
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