TME Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for TME stock have an average target of 13.11, with a low estimate of 10.4 and a high estimate of 16. The average target predicts an increase of 5.77% from the current stock price of 12.40.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$10.4	$13.11	$13	$16
Change	-16.10%	+5.77%	+4.88%	+29.08%

Analyst Ratings

The average analyst rating for TME stock from 13 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	9	9	7	7	7	7
Buy	3	3	4	3	3	4
Hold	2	2	1	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	12	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jiong Shao Barclays	Barclays	Buy Initiates $16	Buy	Initiates	$16	+29.08%	Nov 6, 2024
Boris Van Bernstein	Bernstein	Buy Initiates $14	Buy	Initiates	$14	+12.95%	Nov 4, 2024
Alex Poon Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $15 → $13	Buy → Hold	Downgrades	$15 → $13	+4.88%	Sep 25, 2024
Fawne Jiang Benchmark	Benchmark	Strong Buy Maintains $19 → $15	Strong Buy	Maintains	$19 → $15	+21.02%	Aug 14, 2024
Wei Fang Mizuho	Mizuho	Buy Maintains $17 → $16	Buy	Maintains	$17 → $16	+29.08%	Aug 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

28.81B

from 27.75B

3.80%

from 27.75B

Revenue Next Year

31.46B

from 28.81B

9.20%

from 28.81B

EPS This Year

4.82

from 3.10

55.50%

from 3.10

EPS Next Year

5.55

from 4.82

15.03%

from 4.82

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	25.43B	29.15B	31.24B	28.34B	27.75B	28.81B	31.46B	34.43B
Revenue Growth	33.97%	14.62%	7.17%	-9.30%	-2.07%	3.80%	9.20%	9.44%
EPS	2.38	2.48	1.80	2.28	3.10	4.82	5.55	6.28
EPS Growth	105.17%	4.20%	-27.42%	26.67%	35.96%	55.50%	15.03%	13.23%
Forward PE	-	-	-	-	-	18.73	16.29	14.38
No. Analysts	-	-	-	-	-	28	28	20

Financial currency is CNY. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	36.6B	36.6B	36.6B
Avg	28.8B	31.5B	34.4B
Low	27.6B	30.0B	31.8B

Revenue Growth

Revenue Growth	2024	2025	2026
High	31.7%	26.9%	16.5%
Avg	3.8%	9.2%	9.4%
Low	-0.5%	4.1%	1.1%

EPS Forecast

EPS	2024	2025	2026
High	5.90	6.05	7.06
Avg	4.82	5.55	6.28
Low	4.43	5.05	5.15

EPS Growth

EPS Growth	2024	2025	2026
High	90.4%	25.5%	27.2%
Avg	55.5%	15.0%	13.2%
Low	42.9%	4.7%	-7.0%

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.