Tencent Music Entertainment Group (TME)
NYSE: TME · IEX Real-Time Price · USD
14.26
-0.18 (-1.25%)
At close: Jul 19, 2024, 4:00 PM
14.20
-0.06 (-0.42%)
Pre-market: Jul 22, 2024, 5:24 AM EDT
TME Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for TME stock have an average target of 12.77, with a low estimate of 10 and a high estimate of 19. The average target predicts a decrease of -10.45% from the current stock price of 14.26.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 14, 2024.
Analyst Ratings
The average analyst rating for TME stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 9 | 9 | 9 | 9 | 8 |
| Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Hold | 3 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 14 | 14 | 14 | 14 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Maintains $14 → $19 | Strong Buy | Maintains | $14 → $19 | +33.24% | May 14, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $15 → $17 | Strong Buy | Maintains | $15 → $17 | +19.21% | May 14, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $13 → $15 | Strong Buy | Maintains | $13 → $15 | +5.19% | May 10, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $11 → $14 | Buy | Maintains | $11 → $14 | -5.33% | Mar 20, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $14 | Hold → Strong Buy | Upgrades | $14 | -1.82% | Mar 20, 2024 |
Financial Forecast
Revenue This Year
29.29B
from 27.75B
Increased by 5.55%
Revenue Next Year
33.03B
from 29.29B
Increased by 12.75%
EPS This Year
4.78
from 3.10
Increased by 54.35%
EPS Next Year
5.74
from 4.78
Increased by 19.94%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.7B | 36.8B | 41.0B | 45.2B | 50.3B |
| Avg | 29.3B | 33.0B | 36.5B | 39.6B | 44.4B |
| Low | 27.8B | 30.5B | 32.7B | 35.4B | 39.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.9% | 25.8% | 24.2% | 23.7% | 26.8% |
| Avg | 5.6% | 12.8% | 10.7% | 8.4% | 12.0% |
| Low | 0.2% | 4.2% | -0.9% | -3.2% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.29 | 6.72 | 7.68 | 7.95 |
| Avg | 4.78 | 5.74 | 6.66 | 7.65 |
| Low | 4.16 | 4.74 | 5.34 | 7.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 70.7% | 40.4% | 33.9% | 19.4% |
| Avg | 54.4% | 19.9% | 16.0% | 14.9% |
| Low | 34.0% | -0.9% | -6.9% | 11.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.