Tencent Music Entertainment Group (HKG:1698)
36.82
-1.20 (-3.16%)
Jun 3, 2026, 4:08 PM 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 77.19% higher than the current stock price, while the lowest is $40.00 (+8.64%) and the highest is $110.49 (+200.08%).
Price Target: $65.24 (+77.19%)
Analyst Consensus: Buy
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 11 | 9 | 9 | 9 |
| Buy | 6 | 5 | 4 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 17 | 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 | +37.70% | May 20, 2026 |
Unknown Analyst Orient Securities No rating | Orient Securities | Buy Maintains $54.61 → $52.39 | Buy | Maintains | $54.61 → $52.39 | +42.29% | May 19, 2026 |
Unknown Analyst Guotai Haitong No rating | Guotai Haitong | Buy Maintains $58.50 → $45.80 | Buy | Maintains | $58.50 → $45.80 | +24.39% | May 19, 2026 |
Unknown Analyst CICC No rating | CICC | Buy Maintains $67.50 → $55.50 | Buy | Maintains | $67.50 → $55.50 | +50.73% | May 14, 2026 |
Unknown Analyst Citi No rating | Citi | Buy Maintains $58.50 → $50.70 | Buy | Maintains | $58.50 → $50.70 | +37.70% | May 14, 2026 |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. The data is sourced from Wall Street analysts. Data sources.