Tencent Music Entertainment Group (HKG:1698)
Hong Kong · Delayed Price · Currency is HKD 31.98
-0.30 (-0.93%)
Sep 23, 2026, 4:08 PM 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 $54.79. The average 1-year stock price forecast is 71.33% higher than the current stock price, while the lowest is $36.00 (+12.57%) and the highest is $102.00 (+218.95%).
Price Target: $54.79 (+71.33%)
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 | Mar '26 | Apr '26 | May '26 | Jun '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 9 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 4 | 4 | 4 | 3 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 14 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
Unknown Analyst Guotai Haitong No rating | Guotai Haitong | Buy Maintains $44.90 | Buy | Maintains | $44.90 | +40.40% | Aug 30, 2026 |
Unknown Analyst Orient Securities No rating | Orient Securities | Buy Maintains $49.35 | Buy | Maintains | $49.35 | +54.32% | Aug 24, 2026 |
Unknown Analyst GF Securities No rating | GF Securities | Buy Maintains $52.36 | Buy | Maintains | $52.36 | +63.73% | Aug 14, 2026 |
Unknown Analyst Huatai Securities No rating | Huatai Securities | Buy Maintains $110.49 → $61.29 | Buy | Maintains | $110.49 → $61.29 | +91.65% | Aug 13, 2026 |
Unknown Analyst Citi No rating | Citi | Buy Maintains $44.46 | Buy | Maintains | $44.46 | +39.02% | Aug 13, 2026 |
Financial Forecast
Revenue This Year
35.36B
from 32.90B
Increased by 7.47%
Revenue Next Year
38.32B
from 35.36B
Increased by 8.37%
EPS This Year
3.10
from 2.99
Increased by 3.73%
EPS Next Year
3.32
from 3.10
Increased by 7.19%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CNY.