Tencent Music Entertainment Group (HKG:1698)
Hong Kong · Delayed Price · Currency is HKD 37.92
+0.18 (0.48%)
Aug 5, 2026, 11:09 AM HKT
HKG:1698 Stock Forecast
Stock Price Forecast
According to 14 analysts polled by S&P Global, HKG:1698 stock has a consensus rating of "Buy" and an average price target of $64.01. The average 1-year stock price forecast is 68.80% higher than the current stock price, while the lowest is $40.00 (+5.49%) and the highest is $110.49 (+191.38%).
Price Target: $64.01 (+68.80%)
Analyst Consensus: Buy
Price Target
ChartAnalyst 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 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 15 | 15 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Buy Maintains $59.00 → $52.00 | Buy | Maintains | $59.00 → $52.00 | +37.13% | Aug 4, 2026 |
Unknown Analyst UBS No rating | UBS | Hold Maintains $50.70 | Hold | Maintains | $50.70 | +33.70% | May 20, 2026 |
Unknown Analyst Orient Securities No rating | Orient Securities | Buy Maintains $54.61 → $52.39 | Buy | Maintains | $54.61 → $52.39 | +38.16% | May 19, 2026 |
Unknown Analyst Guotai Haitong No rating | Guotai Haitong | Buy Maintains $58.50 → $45.80 | Buy | Maintains | $58.50 → $45.80 | +20.78% | May 19, 2026 |
Unknown Analyst CICC No rating | CICC | Buy Maintains $67.50 → $55.50 | Buy | Maintains | $67.50 → $55.50 | +46.36% | May 14, 2026 |
Financial Forecast
Revenue This Year
35.63B
from 32.90B
Increased by 8.28%
Revenue Next Year
39.30B
from 35.63B
Increased by 10.32%
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.