Tencent Music Entertainment Group (TME)
NYSE: TME · Real-Time Price · USD
12.31
+0.67 (5.71%)
Jan 30, 2025, 2:34 PM EST - Market open
TME Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for TME stock have an average target of 13.28, with a low estimate of 10.4 and a high estimate of 16. The average target predicts an increase of 7.92% from the current stock price of 12.31.
Analyst Consensus: Strong Buy
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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 6 |
| Buy | 4 | 3 | 3 | 5 | 5 | 5 |
| Hold | 1 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 14 | 14 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $13 | Hold → Buy | Upgrades | $13 | +5.65% | Jan 21, 2025 |
| Barclays | Barclays | Buy Initiates $16 | Buy | Initiates | $16 | +30.03% | Nov 6, 2024 |
| Bernstein | Bernstein | Buy Initiates $14 | Buy | Initiates | $14 | +13.77% | Nov 4, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $15 → $13 | Buy → Hold | Downgrades | $15 → $13 | +5.65% | Sep 25, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $19 → $15 | Strong Buy | Maintains | $19 → $15 | +21.90% | Aug 14, 2024 |
Financial Forecast
Revenue This Year
28.53B
from 27.75B
Increased by 2.80%
Revenue Next Year
31.25B
from 28.53B
Increased by 9.53%
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 | 27.6B | 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% | 10.2% | |||
| Low | -0.4% | 4.6% | 1.8% |
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.