TME - Tencent Music Entertainment Group - Stock Forecast

Communication Services - Sector
Coverage Performance Price Targets & Ratings Chart Insider Trading

TME is currently covered by 14 analysts with an average price target of $12.63. This is a potential upside of $2.4 (23.46%) from yesterday's end of day stock price of $10.23.

Tencent Music Entertainment Group's activity chart (see below) currently has 61 price targets and 64 ratings on display. The stock rating distribution of TME is 40% HOLD, 48% BUY and 12% SELL.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 53.65% with an average time for these price targets to be met of 155.57 days.

Highest price target for TME is $11, Lowest price target is $7, average price target is $12.63.

Most recent stock forecast was given by ALEX YAO from JPMORGAN on 16-Nov-2023. First documented stock forecast 07-Jan-2019.

Currently out of the existing stock ratings of TME, 10 are a HOLD (40%), 12 are a BUY (48%), 3 are a SELL (12%).

Analyst name

Rating

Current price target

Potential distance

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

7

$-3.23 (-31.57%)

3 months 10 days ago

3/7 (42.86%)

$-1.47 (-17.36%)

15

Buy

9

$-1.23 (-12.02%)

11

3 months 11 days ago

1/3 (33.33%)

$0.75 (9.09%)

29

Hold

7

$-3.23 (-31.57%)

7.5

6 months 10 days ago

9/10 (90%)

$0.6 (9.38%)

105

Hold

7.4

$-2.83 (-27.66%)

8.4

7 months 6 days ago

2/2 (100%)

$0.6 (8.82%)

145

Buy

10.4

$0.17 (1.66%)

16

7 months 7 days ago

2/5 (40%)

$3.38 (48.15%)

289

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What is TME (Tencent Music Entertainment Group) average time for price targets to be met?

On average it took 155.57 days on average for the stock forecasts to be realized with a an average price target met ratio 53.65

Which analyst has the current highest performing score on TME (Tencent Music Entertainment Group) with a proven track record?

THOMAS CHONG

Which analyst has the most public recommendations on TME (Tencent Music Entertainment Group)?

Thomas Chong works at JEFFERIES and has 3 price targets and 2 ratings on TME

Which analyst is the currently most bullish on TME (Tencent Music Entertainment Group)?

Binnie Wong with highest potential upside - $27.37

Which analyst is the currently most reserved on TME (Tencent Music Entertainment Group)?

Charlotte Wei with lowest potential downside - -$6.33

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