Tencent Holdings Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Tencent Holdings stock has a consensus rating of "Buy" and an average price target of $97.62. The average 1-year stock price forecast is 59.38% higher than the current stock price, while the lowest is $84.24 (+37.53%) and the highest is $106.3 (+73.55%).

Price Target: $97.62 (+59.38%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$84.24	$97.62	$102.32	$106.3
Change	+37.53%	+59.38%	+67.05%	+73.55%

* Price targets were last updated on May 14, 2026.

Analyst Ratings

The average analyst rating for Tencent Holdings 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	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	0	0	0	0	1	1
Buy	3	3	3	3	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jiong Shao Barclays	Barclays	Buy Reiterates $102 → $106	Buy	Reiterates	$102 → $106	+73.06%	May 14, 2026
Hans Engel Erste Group	Erste Group	Hold Downgrades n/a	Hold	Downgrades	n/a	n/a	Feb 18, 2026

Financial Forecast

Revenue This Year

826.52B

from 751.77B

9.94%

from 751.77B

Revenue Next Year

904.16B

from 826.52B

9.39%

from 826.52B

EPS This Year

29.75

from 27.88

6.73%

from 27.88

EPS Next Year

32.68

from 29.75

9.85%

from 29.75

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	560.12B	554.55B	609.02B	660.26B	751.77B	826.52B
Revenue Growth	16.19%	-0.99%	9.82%	8.41%	13.86%	9.94%
Gross Profit	245.93B	238.89B	293.11B	349.30B	422.87B	468.74B
Gross Margin	43.91%	43.08%	48.13%	52.90%	56.25%	56.71%
Operating Income	123.85B	110.88B	162.96B	207.96B	245.63B	271.10B
Net Income	224.82B	188.24B	115.22B	194.07B	224.84B	235.12B
EPS	-	-	-	-	27.88	29.75
EPS Growth	-	-	-	-	18.60%	6.73%
Forward PE	-	-	-	-	-	13.93
Dividend / Share	1.30	2.12	3.09	4.23	4.76	5.29
Dividend Growth	-	62.87%	45.37%	37.02%	12.63%	11.13%
Free Cash Flow	94.34B	71.03B	149.23B	126.80B	139.39B	196.15B
No. Analysts	-	-	-	-	-	44

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CNY.

Revenue Forecast

Revenue	2026	2027	2028
High	843.1B
Avg	826.5B
Low	780.7B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.1%
Avg	9.9%
Low	3.8%

EPS Forecast

EPS	2026	2027	2028
High	32.89
Avg	29.75
Low	25.97

EPS Growth

EPS Growth	2026	2027	2028
High	18.0%
Avg	6.7%
Low	-6.8%