Consensus Tencent Music Entertainment Group

Equities

TME

US88034P1093

Market Closed - Nyse 16:00:02 2024-05-21 EDT 5-day change 1st Jan Change
14.99 USD -1.83% Intraday chart for Tencent Music Entertainment Group +2.25% +66.37%

Evolution of the average Target Price on Tencent Music Entertainment Group

Price target over the last 5 years

History of analyst recommendation changes

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Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating MT
Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $15.50 From $10.40, Keeps Hold Rating MT
Jefferies Adjusts Price Target on Tencent Music Entertainment to $15.40 From $12, Maintains Buy Rating MT
Goldman Sachs Adjusts Price Target on Tencent Music Entertainment to $16 From $14, Keeps Buy Rating MT
Benchmark Adjusts Price Target on Tencent Music Entertainment to $19 From $14, Keeps Buy Rating MT
Mizuho Securities Raises Price Target on Tencent Music Entertainment to $17 From $15, Keeps Buy Rating MT
Morgan Stanley Raises Price Target on Tencent Music Entertainment Group to $19 From $13.50, Keeps Overweight Rating MT
Mizuho Securities Raises Tencent Music Entertainment's Price Target to $15 From $13, Keeps Buy Rating MT
Sector Update: Tech MT
Tencent Music Entertainment's Shares Rise Following Upgrades From Citigroup, Goldman MT
New Street Raises Tencent Music Entertainment Price Target to $13 From $9, Maintains Buy Rating MT
Morgan Stanley Adjusts Price Target on Tencent Music Entertainment to $13.50 From $11, Keeps Overweight Rating MT
Goldman Sachs Upgrades Tencent Music Entertainment to Buy From Neutral, Raises Price Target to $14 From $11.20 MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $10.40 From $9.50, Maintains Hold Rating MT
Mizuho Adjusts Price Target on Tencent Music Entertainment to $13 From $12, Maintains Buy Rating MT
Benchmark Adjusts Tencent Music Entertainment Group's Price Target to $14 From $9, Maintains Buy Rating MT
Citigroup Upgrades Tencent Music Entertainment Group to Buy From Neutral, Adjusts Price Target to $13 From $9 MT
Redburn Atlantic Starts Tencent Music Entertainment with Buy Rating, $12 Price Target MT
UBS Upgrades Tencent Music Entertainment to Buy From Neutral MT
Goldman Sachs Adjusts Tencent Music Entertainment Group's Price Target to $11.20 From $8.60, Keeps Neutral Rating MT
Mizuho Adjusts Tencent Music Entertainment Group's Price Target to $11 From $10, Keeps Buy Rating MT
JPMorgan Upgrades Tencent Music Entertainment to Overweight From Neutral, Adjusts Price Target to $10 From $7 MT
BofA Securities Trims Price Target on Tencent Music Entertainment to $8.80 From $10, Maintains Buy Rating MT
Citigroup Trims Price Target on Tencent Music Entertainment to $7 From $7.50, Maintains Neutral Rating MT
More recommendations

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
30
Last Close Price
108.5 CNY
Average target price
117.2 CNY
Spread / Average Target
+8.04%
High Price Target
137.4 CNY
Spread / Highest target
+26.71%
Low Price Target
64.61 CNY
Spread / Lowest Target
-40.42%

Consensus detail

Consensus revision (last 18 months)

Analysts covering Tencent Music Entertainment Group

Citigroup
Daiwa Securities
HSBC
Jefferies & Co.
Goldman Sachs
Benchmark Company
Mizuho Securities
Morgan Stanley
New Street
Redburn
UBS
JPMorgan Chase
BofA Securities
Macquarie
China Renaissance
Morningstar
Benchmark Capital
BOCOM International
Loop Capital
Needham & Co.
Deutsche Bank Securities
Arete
Oppenheimer
Stifel Nicolaus
Trading Rating
Investor Rating
ESG Refinitiv
D+
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