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

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Analyst price target for TME

Based on 4 analysts offering 12 month price targets for Tencent Music Entertainment Group.
Min Forecast
$5.70-25.2%
Avg Forecast
$7.23-5.18%
Max Forecast
$8.50+11.55%

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
1 analysts 20%
Sell
0 analysts 0%
Strong Sell
1 analysts 20%

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TME stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 24%
77
Strong BuyUpgrades$8.50+11.55%2022-12-01Find out why
JP Morgan
Bottom 23%
23
Strong BuyUpgrades$7.70+1.05%2022-11-21
Benchmark
Top 22%
79
Strong BuyUpgrades$7.00-8.14%2022-11-16
Goldman Sachs
Bottom 22%
22
Strong SellDowngrades$5.70-25.20%2022-02-18
China Renaissance
Bottom 22%
22
HoldDowngradesN/AN/A2022-01-20

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Forecast return on equity

Is TME forecast to generate an efficient return?
Company
28.53%
Industry
39.32%
Market
62.84%
TME's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is TME forecast to generate an efficient return on assets?
Company
20.19%
Industry
27.36%
TME is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

TME earnings per share forecast

What is TME's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$0.30+13.64%
Avg 2 year Forecast
$0.31+17.42%
Avg 3 year Forecast
$0.33+25%
TME's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

TME revenue forecast

What is TME's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$4.1B+4.57%
Avg 2 year Forecast
$4.3B+8.97%
Avg 3 year Forecast
$4.5B+12.58%
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
7.41%
Industry
9.18%
Market
17.02%
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
4.07%
Industry
3.56%
Market
6.69%
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 Stocks

TickerPricePrice TargetUp/downsideConsensus
TME$7.62$7.23-5.18%Buy
DASH$52.71$89.14+69.12%Buy
PINS$22.72$27.59+21.43%Hold
SNAP$9.42$14.67+55.70%Hold
SPOT$75.16$147.76+96.60%Buy

Tencent Music Entertainment Group Stock Forecast FAQ

Is Tencent Music Entertainment Group Stock a good buy in 2022, 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, 1 (20%) are recommending TME as a Hold, 0 (0%) are recommending TME as a Sell, and 1 (20%) 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 earnings growth forecast for 2022-2024?

(NYSE: TME) Tencent Music Entertainment Group's forecast annual earnings growth rate of 7.41% is not forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 9.18%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.02%.

Tencent Music Entertainment Group's earnings in 2022 is $425,869,262.On average, 2 Wall Street analysts forecast TME's earnings for 2022 to be $1,519,550,805, with the lowest TME earnings forecast at $1,418,247,418, and the highest TME earnings forecast at $1,620,854,192. On average, 2 Wall Street analysts forecast TME's earnings for 2023 to be $1,570,202,499, with the lowest TME earnings forecast at $1,418,247,418, and the highest TME earnings forecast at $1,671,505,886.

In 2024, TME is forecast to generate $1,671,505,886 in earnings, with the lowest earnings forecast at $1,671,505,886 and the highest earnings forecast at $1,671,505,886.

What is TME's revenue growth forecast for 2022-2024?

(NYSE: TME) Tencent Music Entertainment Group's forecast annual revenue growth rate of 4.07% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 3.56%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.69%.

Tencent Music Entertainment Group's revenue in 2022 is $3,966,759,388.On average, 3 Wall Street analysts forecast TME's revenue for 2022 to be $20,981,770,104,174, with the lowest TME revenue forecast at $20,725,659,946,330, and the highest TME revenue forecast at $21,169,622,039,858. On average, 3 Wall Street analysts forecast TME's revenue for 2023 to be $21,864,441,710,613, with the lowest TME revenue forecast at $21,451,498,714,185, and the highest TME revenue forecast at $22,301,687,389,583.

In 2024, TME is forecast to generate $22,587,920,109,551 in revenue, with the lowest revenue forecast at $22,587,920,109,551 and the highest revenue forecast at $22,587,920,109,551.

What is TME's forecast return on assets (ROA) for 2022-2025?

(NYSE: TME) forecast ROA is 20.19%, which is lower than the forecast US Internet Content & Information industry average of 27.36%.

What is TME's Price Target?

According to 4 Wall Street analysts that have issued a 1 year TME price target, the average TME price target is $7.23, with the highest TME stock price forecast at $8.50 and the lowest TME stock price forecast at $5.70.

On average, Wall Street analysts predict that Tencent Music Entertainment Group's share price could fall to $7.23 by Dec 1, 2023. The average Tencent Music Entertainment Group stock price prediction forecasts a potential downside of 5.18% from the current TME share price of $7.62.

What is TME's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: TME) Tencent Music Entertainment Group's current Earnings Per Share (EPS) is $0.26. On average, analysts forecast that TME's EPS will be $0.30 for 2022, with the lowest EPS forecast at $0.28, and the highest EPS forecast at $0.32. On average, analysts forecast that TME's EPS will be $0.31 for 2023, with the lowest EPS forecast at $0.28, and the highest EPS forecast at $0.33. In 2024, TME's EPS is forecast to hit $0.33 (min: $0.33, max: $0.33).

What is TME's forecast return on equity (ROE) for 2022-2025?

(NYSE: TME) forecast ROE is 28.53%, which is considered strong.
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