Tencent Music Entertainment Group (TME)
NYSE: TME · Real-Time Price · USD
12.28
-0.05 (-0.45%)
Apr 17, 2025, 4:00 PM EDT - Market closed

TME Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for TME stock have an average target of 15, with a low estimate of 13 and a high estimate of 17. The average target predicts an increase of 22.20% from the current stock price of 12.28.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $13 $15 $15 $17
Change +5.91% +22.20% +22.20% +38.49%
* Price targets were last updated on Mar 19, 2025.

Analyst Ratings

The average analyst rating for TME stock from 6 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 Nov '24Dec '24Jan '25Feb '25Mar '25Apr '25
Strong Buy 776642
Buy 555544
Hold 221110
Sell 000000
Strong Sell 000000
Total 1414121296

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Mizuho
Mizuho
Buy
Maintains
$16$17
Buy Maintains $16$17 +38.49% Mar 19, 2025
Morgan Stanley
Morgan Stanley
Buy
Upgrades
$13
Buy Upgrades $13 +5.91% Jan 21, 2025
Barclays
Barclays
Buy
Initiates
$16
Buy Initiates $16 +30.35% Nov 6, 2024
Bernstein
Bernstein
Buy
Initiates
$14
Buy Initiates $14 +14.05% Nov 4, 2024
Morgan Stanley
Morgan Stanley
Hold
Downgrades
$15$13
Hold Downgrades $15$13 +5.91% Sep 25, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
31.29B
from 28.40B
Increased by 10.17%
Revenue Next Year
34.56B
from 31.29B
Increased by 10.46%
EPS This Year
5.53
from 4.24
Increased by 30.52%
EPS Next Year
6.17
from 5.53
Increased by 11.56%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027
Revenue
29.15B31.24B28.34B27.75B28.40B31.29B34.56B37.98B
Revenue Growth
14.62%7.17%-9.30%-2.07%2.34%10.17%10.46%9.88%
EPS
2.481.802.283.104.245.536.176.99
EPS Growth
4.20%-27.42%26.67%35.97%36.77%30.52%11.56%13.27%
Forward PE
-----16.1814.5012.81
No. Analysts -----262714
Financial currency is CNY. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026202720282029
High 33.0B 36.8B 40.9B
Avg 31.3B 34.6B 38.0B
Low 28.5B 31.2B 33.7B

Revenue Growth

Revenue Growth 20252026202720282029
High
16.1%
17.6%
18.4%
Avg
10.2%
10.5%
9.9%
Low
0.3%
-0.2%
-2.4%

EPS Forecast

EPS 2025202620272028
High 6.26 7.58 8.98
Avg 5.53 6.17 6.99
Low 2.65 2.94 3.35

EPS Growth

EPS Growth 2025202620272028
High
47.6%
37.0%
45.4%
Avg
30.5%
11.6%
13.3%
Low
-37.6%
-46.9%
-45.7%
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.