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

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Top Analysts

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TME Analyst Ratings

Strong Buy

10 Buy

1 Hold

0 Sell

Based on 11 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

$19.25

▲(2.78%Upside)

Based on 11 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months. The average price target is $19.25 with a high forecast of $26.20 and a low forecast of $16.00. The average price target represents a 2.78% change from the last price of $18.73.

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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 18,\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":12.13,"date":1714521600000,"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 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":13.13,"date":1722470400000,"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 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":10.31,"date":1725148800000,"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 16,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":12.6,"date":1727740800000,"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 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","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":13.37,"date":1746057600000,"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 19,\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":17.36,"date":1748736000000,"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 17,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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Highest Price Target$26.20

Average Price Target$19.25

Lowest Price Target$16.00

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

TipRanks AITipRanks

Not Ranked

TipRanks

$21

Buy

12.12%

Upside

Reiterated

06/10/25

Tencent Music Entertainment Group's overall score is driven by solid financial performance, strong technical indicators, and positive earnings call outcomes. While the stock shows bullish momentum, the high RSI indicates potential overvaluation, balancing the otherwise strong financial and operational performance.

Lincoln KongGoldman Sachs

Goldman Sachs

$15.5→$21

Buy

12.12%

Upside

Reiterated

06/18/25

Goldman Sachs Sticks to Its Buy Rating for Tencent Music Entertainment Group (TME)

Ellie JiangMacquarie

Macquarie

$17.1→$26.2

Buy

39.88%

Upside

Reiterated

06/17/25

Tencent Music price target raised to $26.20 from $17.10 at MacquarieTencent Music price target raised to $26.20 from $17.10 at Macquarie

Thomas ChongJefferies

Jefferies

$17→$22

Buy

17.46%

Upside

Reiterated

06/16/25

Tencent Music Entertainment Group (TME) PT Raised to $22 at JefferiesJefferies analyst Thomas Chong raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $22.00 (from $17.00) while maintaining a Buy rating.

Jiong ShaoBarclays

Barclays

$16

Buy

-14.58%

Downside

Reiterated

06/11/25

Barclays Reaffirms Their Buy Rating on Tencent Music Entertainment Group (TME)

Yang Liu CFAMorgan Stanley

Morgan Stanley

$16.5→$18

Buy

-3.90%

Downside

Reiterated

06/09/25

Morgan Stanley Keeps Their Buy Rating on Tencent Music Entertainment Group (TME)

Boris VanBernstein

Bernstein

$15.5→$20

Buy

6.78%

Upside

Reiterated

06/02/25

Bernstein Sticks to Their Buy Rating for Tencent Music Entertainment Group (TME)

Ahmad HalimCFRA

CFRA

$17→$18

Hold

-3.90%

Downside

Downgraded

05/15/25

CFRA downgrades Tencent Music Entertainment Group (TME) to HoldCFRA analyst Ahmad Halim downgraded Tencent Music Entertainment Group (NYSE: TME) from Buy to Hold with a price target of $18.00 (from $17.00).

Fawne JiangBenchmark Co.

Benchmark Co.

$19

Buy

1.44%

Upside

Reiterated

05/14/25

Tencent Music Entertainment Group: Strong Financial Performance and Strategic Initiatives Drive Buy Rating

Saiyi HeCMB International Securities

CMB International Securities

$16.5→$17.5

Buy

-6.57%

Downside

Reiterated

05/14/25

Buy Recommendation for Tencent Music Entertainment Group Driven by Strong Financial Performance and Growth Prospects

Alex YaoJ.P. Morgan

J.P. Morgan

$16→$17

Buy

-9.24%

Downside

Reiterated

05/14/25

J.P. Morgan Reaffirms Their Buy Rating on Tencent Music Entertainment Group (TME)

Wei FangMizuho Securities

Mizuho Securities

$17

Buy

-9.24%

Downside

Reiterated

05/14/25

Analysts Offer Insights on Communication Services Companies: Paramount Global Class B (NASDAQ: PARA) and Tencent Music Entertainment Group (NYSE: TME)

Leo ChiangDeutsche Bank

Deutsche Bank

$13→$17.5

Buy

-6.57%

Downside

Upgraded

03/26/25

Tencent Music upgraded to Buy from Hold at Deutsche BankTencent Music upgraded to Buy from Hold at Deutsche Bank

Charlie Chai86Research

86Research

$14

Buy

-25.25%

Downside

Upgraded

12/27/24

Tencent Music upgraded to Buy from Hold at 86 ResearchTencent Music upgraded to Buy from Hold at 86 Research

Lei ZhangBank of America Securities

Bank of America Securities

$14

Buy

-25.25%

Downside

Reiterated

11/13/24

Tencent Music's SVIP Strategy and Profitability Trends Justify Buy Rating Despite Mixed Results

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

TipRanks AITipRanks

Not Ranked

TipRanks

$21

Buy

12.12%

Upside

Reiterated

06/10/25

Lincoln KongGoldman Sachs

Goldman Sachs

$15.5→$21

Buy

12.12%

Upside

Reiterated

06/18/25

Goldman Sachs Sticks to Its Buy Rating for Tencent Music Entertainment Group (TME)

Ellie JiangMacquarie

Macquarie

$17.1→$26.2

Buy

39.88%

Upside

Reiterated

06/17/25

Tencent Music price target raised to $26.20 from $17.10 at MacquarieTencent Music price target raised to $26.20 from $17.10 at Macquarie

Thomas ChongJefferies

Jefferies

$17→$22

Buy

17.46%

Upside

Reiterated

06/16/25

Jiong ShaoBarclays

Barclays

$16

Buy

-14.58%

Downside

Reiterated

06/11/25

Barclays Reaffirms Their Buy Rating on Tencent Music Entertainment Group (TME)

Yang Liu CFAMorgan Stanley

Morgan Stanley

$16.5→$18

Buy

-3.90%

Downside

Reiterated

06/09/25

Morgan Stanley Keeps Their Buy Rating on Tencent Music Entertainment Group (TME)

Boris VanBernstein

Bernstein

$15.5→$20

Buy

6.78%

Upside

Reiterated

06/02/25

Bernstein Sticks to Their Buy Rating for Tencent Music Entertainment Group (TME)

Ahmad HalimCFRA

CFRA

$17→$18

Hold

-3.90%

Downside

Downgraded

05/15/25

Fawne JiangBenchmark Co.

Benchmark Co.

$19

Buy

1.44%

Upside

Reiterated

05/14/25

Tencent Music Entertainment Group: Strong Financial Performance and Strategic Initiatives Drive Buy Rating

Saiyi HeCMB International Securities

CMB International Securities

$16.5→$17.5

Buy

-6.57%

Downside

Reiterated

05/14/25

Buy Recommendation for Tencent Music Entertainment Group Driven by Strong Financial Performance and Growth Prospects

Alex YaoJ.P. Morgan

J.P. Morgan

$16→$17

Buy

-9.24%

Downside

Reiterated

05/14/25

J.P. Morgan Reaffirms Their Buy Rating on Tencent Music Entertainment Group (TME)

Wei FangMizuho Securities

Mizuho Securities

$17

Buy

-9.24%

Downside

Reiterated

05/14/25

Analysts Offer Insights on Communication Services Companies: Paramount Global Class B (NASDAQ: PARA) and Tencent Music Entertainment Group (NYSE: TME)

Leo ChiangDeutsche Bank

Deutsche Bank

$13→$17.5

Buy

-6.57%

Downside

Upgraded

03/26/25

Tencent Music upgraded to Buy from Hold at Deutsche BankTencent Music upgraded to Buy from Hold at Deutsche Bank

Charlie Chai86Research

86Research

$14

Buy

-25.25%

Downside

Upgraded

12/27/24

Tencent Music upgraded to Buy from Hold at 86 ResearchTencent Music upgraded to Buy from Hold at 86 Research

Lei ZhangBank of America Securities

Bank of America Securities

$14

Buy

-25.25%

Downside

Reiterated

11/13/24

Tencent Music's SVIP Strategy and Profitability Trends Justify Buy Rating Despite Mixed Results

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

1 Month

xxx

Success Rate

10/12 ratings generated profit

Average Return

+6.86%

reiterated a xxx

rating last month

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 83.33% of your transactions generating a profit, with an average return of +6.86% per trade.

3 Months

xxx

Success Rate

8/10 ratings generated profit

Average Return

+15.75%

reiterated a xxx

rating last month

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 80.00% of your transactions generating a profit, with an average return of +15.75% per trade.

1 Year

Lei ZhangBank of America Securities

Success Rate

11/11 ratings generated profit

Average Return

+51.26%

reiterated a buy rating 8 months ago

Copying Lei Zhang'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 +51.26% per trade.

2 Years

xxx

Success Rate

11/11 ratings generated profit

Average Return

+104.85%

reiterated a xxx

rating 8 months 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 +104.85% 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

Feb 25

Mar 25

Apr 25

May 25

Jun 25

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, TME has received 17 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. TME average Analyst price target in the past 3 months is 19.25.

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 $0.18 to $0.22. The previous quarter’s EPS was $0.39. TME beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.43% of the time in the same period. In the last calendar year TME has Outperformed its overall industry.

TME Sales Forecast

Next quarter’s sales forecast for TME is $1.11B with a range of $1.09B to $1.12B. The previous quarter’s sales results were $1.01B. TME beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 55.74% of the time in the same period. In the last calendar year TME has Outperformed 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’s 12-month average price target is 19.25.

What is TME’s upside potential, based on the analysts’ average price target?

Tencent Music Entertainment has 2.78% 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 has a consensus rating of Strong Buy which is based on 10 buy ratings, 1 hold ratings and 0 sell ratings.

What is Tencent Music Entertainment’s price target?

The average price target for Tencent Music Entertainment is 19.25. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $26.20 ,the lowest forecast is $16.00. The average price target represents 2.78% Increase from the current price of $18.73.

What do analysts say about Tencent Music Entertainment?

Tencent Music Entertainment’s analyst rating consensus is a Strong Buy. This is based on the ratings of 11 Wall Streets Analysts.

How can I buy shares of TME?

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

TME Analyst Ratings

TME Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Tencent Music Entertainment Group

TME Analyst Recommendation Trends

TME Financial Forecast

TME Earnings Forecast

TME Sales Forecast

TME Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts