Tencent Music Entertainment Group (TME)
NYSE: TME · IEX Real-Time Price · USD
12.50
-0.04 (-0.28%)
Apr 25, 2024, 11:29 AM EDT - Market open
TME Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for TME stock have an average target of 11.59, with a low estimate of 7.40 and a high estimate of 14. The average target predicts a decrease of -7.24% from the current stock price of 12.50.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 20, 2024.
Analyst Ratings
The average analyst rating for TME stock from 14 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 6 | 7 | 9 | 9 |
| Buy | 2 | 2 | 1 | 2 | 3 | 3 |
| Hold | 4 | 4 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 12 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $11 → $14 | Buy | Maintains | $11 → $14 | +8.04% | Mar 20, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $14 | Hold → Strong Buy | Upgrades | $14 | +12.04% | Mar 20, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $12 → $13 | Strong Buy | Maintains | $12 → $13 | +4.04% | Mar 20, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $9 → $14 | Strong Buy | Maintains | $9 → $14 | +12.04% | Mar 20, 2024 |
| HSBC | HSBC | Hold Maintains $9.5 → $10 | Hold | Maintains | $9.5 → $10 | -16.77% | Mar 20, 2024 |
Financial Forecast
Revenue This Year
28.97B
from 27.75B
Increased by 4.39%
Revenue Next Year
32.44B
from 28.97B
Increased by 11.98%
EPS This Year
4.49
from 3.10
Increased by 44.80%
EPS Next Year
5.35
from 4.49
Increased by 19.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.0B | 35.6B | 39.8B | 40.4B | 39.9B |
| Avg | 29.0B | 32.4B | 35.8B | 37.6B | 38.4B |
| Low | 27.3B | 30.0B | 33.4B | 35.2B | 37.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.4% | 22.8% | 22.8% | 13.0% | 6.2% |
| Avg | 4.4% | 12.0% | 10.2% | 5.0% | 2.1% |
| Low | -1.5% | 3.7% | 3.0% | -1.7% | -0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.05 | 6.22 | 10.43 |
| Avg | 4.49 | 5.35 | 6.59 |
| Low | 3.86 | 4.46 | 4.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 62.9% | 38.5% | 95.1% |
| Avg | 44.8% | 19.2% | 23.1% |
| Low | 24.6% | -0.7% | -6.7% |
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.