Tencent Music Entertainment Group (HKG:1698)
Hong Kong · Delayed Price · Currency is HKD 32.44
+0.42 (1.31%)
Jun 24, 2026, 11:44 AM HKT
HKG:1698 Stock Forecast
Stock Price Forecast
According to 15 analysts polled by S&P Global, HKG:1698 stock has a consensus rating of "Buy" and an average price target of $65.24. The average 1-year stock price forecast is 101.11% higher than the current stock price, while the lowest is $40.00 (+23.30%) and the highest is $110.49 (+240.60%).
Price Target: $65.24 (+101.11%)
Analyst Consensus: Buy
* Price targets were last updated on May 20, 2026.
Analyst Ratings
The average analyst rating for HKG:1698 stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 9 | 9 | 9 | 9 |
| Buy | 5 | 4 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 15 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
Unknown Analyst UBS No rating | UBS | Hold Maintains $50.70 | Hold | Maintains | $50.70 | +56.29% | May 20, 2026 |
Unknown Analyst Orient Securities No rating | Orient Securities | Buy Maintains $54.61 → $52.39 | Buy | Maintains | $54.61 → $52.39 | +61.50% | May 19, 2026 |
Unknown Analyst Guotai Haitong No rating | Guotai Haitong | Buy Maintains $58.50 → $45.80 | Buy | Maintains | $58.50 → $45.80 | +41.18% | May 19, 2026 |
Unknown Analyst CICC No rating | CICC | Buy Maintains $67.50 → $55.50 | Buy | Maintains | $67.50 → $55.50 | +71.09% | May 14, 2026 |
Unknown Analyst Citi No rating | Citi | Buy Maintains $58.50 → $50.70 | Buy | Maintains | $58.50 → $50.70 | +56.29% | May 14, 2026 |
Financial Forecast
Revenue This Year
35.59B
from 32.90B
Increased by 8.18%
Revenue Next Year
39.26B
from 35.59B
Increased by 10.30%
EPS This Year
3.76
from 3.50
Increased by 7.40%
EPS Next Year
4.15
from 3.76
Increased by 10.37%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CNY.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 36.2B | ||
| Avg | 35.6B | ||
| Low | 34.5B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 10.0% | ||
| Avg | 8.2% | ||
| Low | 4.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 3.90 | ||
| Avg | 3.76 | ||
| Low | 3.61 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 11.6% | ||
| Avg | 7.4% | ||
| Low | 3.2% |