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NYSE: TME
Tencent Music Entertainment Group Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for TME

Based on 5 analysts offering 12 month price targets for Tencent Music Entertainment Group.
Min Forecast
$7.00-17.74%
Avg Forecast
$8.44-0.82%
Max Forecast
$10.00+17.51%

Should I buy or sell TME stock?

Based on 5 analysts offering ratings for Tencent Music Entertainment Group.
Buy
Strong Buy
3 analysts 60%
Buy
0 analysts 0%
Hold
2 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their TME stock forecasts and price targets.

TME stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-16
lockedlocked$00.00+00.00%2023-11-15
lockedlocked$00.00+00.00%2023-08-16
lockedlocked$00.00+00.00%2023-08-16
lockedlocked$00.00+00.00%2023-07-20

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Forecast return on equity

Is TME forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
30.08%

Forecast return on assets

Is TME forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

TME revenue forecast

What is TME's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$3.8B-2.26%
Avg 2 year Forecast
$3.9B-0.45%
Avg 3 year Forecast
$4.4B+13.39%
TME's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

TME earnings growth forecast

How is TME forecast to perform vs Internet Content & Information companies and vs the US market?
Company
-4.3%
Industry
11.13%
Market
17.67%
TME's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
TME's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
TME's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

TME revenue growth forecast

How is TME forecast to perform vs Internet Content & Information companies and vs the US market?
Company
3.66%
Industry
4.92%
Market
7.51%
TME's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
TME's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

TME vs Internet Content & Information Stocks

TickerPricePrice TargetUp/downsideConsensus
TME$8.51$8.44-0.82%Buy
SNAP$13.83$10.18-26.40%Hold
PINS$34.07$34.55+1.40%Buy
TWLO$64.68$69.92+8.10%Buy
ZG$39.39$51.75+31.38%Buy
View Top Internet Content & Information Stocks

Tencent Music Entertainment Group Stock Forecast FAQ

Is Tencent Music Entertainment Group Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: TME) stock is to Buy TME stock.

Out of 5 analysts, 3 (60%) are recommending TME as a Strong Buy, 0 (0%) are recommending TME as a Buy, 2 (40%) are recommending TME as a Hold, 0 (0%) are recommending TME as a Sell, and 0 (0%) are recommending TME as a Strong Sell.

If you're new to stock investing, here's how to buy Tencent Music Entertainment Group stock.

What is TME's revenue growth forecast for 2023-2025?

(NYSE: TME) Tencent Music Entertainment Group's forecast annual revenue growth rate of 3.66% is not forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 4.92%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 7.51%.

Tencent Music Entertainment Group's revenue in 2023 is $3,863,934,426.On average, 3 Wall Street analysts forecast TME's revenue for 2023 to be $17,926,654,981,418, with the lowest TME revenue forecast at $17,785,489,897,943, and the highest TME revenue forecast at $18,134,029,944,743. On average, 3 Wall Street analysts forecast TME's revenue for 2024 to be $18,258,303,117,117, with the lowest TME revenue forecast at $18,189,754,864,981, and the highest TME revenue forecast at $18,370,460,126,631.

In 2025, TME is forecast to generate $20,798,477,875,890 in revenue, with the lowest revenue forecast at $20,586,303,592,024 and the highest revenue forecast at $21,010,652,159,756.

What is TME's forecast return on assets (ROA) for 2023-2026?

(NYSE: TME) forecast ROA is N/A, which is lower than the forecast US Internet Content & Information industry average of N/A.

What is TME's Price Target?

According to 5 Wall Street analysts that have issued a 1 year TME price target, the average TME price target is $8.44, with the highest TME stock price forecast at $10.00 and the lowest TME stock price forecast at $7.00.

On average, Wall Street analysts predict that Tencent Music Entertainment Group's share price could fall to $8.44 by Nov 16, 2024. The average Tencent Music Entertainment Group stock price prediction forecasts a potential downside of 0.82% from the current TME share price of $8.51.

What is TME's forecast return on equity (ROE) for 2023-2026?

(NYSE: TME) forecast ROE is N/A, which is considered weak.
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