Tencent Music Entertainment Group (TME)
NYSE: TME · Real-Time Price · USD
12.40
+0.17 (1.39%)
At close: Mar 13, 2025, 4:00 PM
12.43
+0.03 (0.24%)
After-hours: Mar 13, 2025, 7:35 PM EST
TME Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for TME stock have an average target of 14.04, with a low estimate of 10.4 and a high estimate of 16. The average target predicts an increase of 13.23% from the current stock price of 12.40.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jan 21, 2025.
Analyst Ratings
The average analyst rating for TME stock from 9 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 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 6 | 6 | 4 |
| Buy | 3 | 5 | 5 | 5 | 5 | 4 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 14 | 14 | 12 | 12 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $13 | Hold → Buy | Upgrades | $13 | +4.84% | Jan 21, 2025 |
| Barclays | Barclays | Buy Initiates $16 | Buy | Initiates | $16 | +29.03% | Nov 6, 2024 |
| Bernstein | Bernstein | Buy Initiates $14 | Buy | Initiates | $14 | +12.90% | Nov 4, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $15 → $13 | Buy → Hold | Downgrades | $15 → $13 | +4.84% | Sep 25, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $19 → $15 | Strong Buy | Maintains | $19 → $15 | +20.97% | Aug 14, 2024 |
Financial Forecast
Revenue This Year
28.52B
from 27.75B
Increased by 2.77%
Revenue Next Year
31.23B
from 28.52B
Increased by 9.50%
EPS This Year
4.65
from 3.10
Increased by 49.97%
EPS Next Year
5.40
from 4.65
Increased by 16.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 29.8B | 32.8B | 36.5B | |||
| Avg | 28.5B | 31.2B | 34.4B | |||
| Low | 27.5B | 29.9B | 31.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.5% | 15.1% | 16.8% | |||
| Avg | 2.8% | 9.5% | 10.3% | |||
| Low | -0.8% | 4.7% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.90 | 6.05 | 7.05 | |
| Avg | 4.65 | 5.40 | 6.13 | |
| Low | 2.25 | 2.65 | 2.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 90.4% | 30.1% | 30.7% | |
| Avg | 50.0% | 16.1% | 13.6% | |
| Low | -27.3% | -43.1% | -45.5% |
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.