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

Analyst price target for TME

Based on 11 analysts offering 12 month price targets for Tencent Music Entertainment Group.
Min Forecast
$10.40-29.73%
Avg Forecast
$13.02-12.04%
Max Forecast
$19.00+28.38%

Should I buy or sell TME stock?

Based on 11 analysts offering ratings for Tencent Music Entertainment Group.
Strong Buy
Strong Buy
9 analysts 81.82%
Buy
1 analysts 9.09%
Hold
1 analysts 9.09%
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%2024-05-14Find Out Why
lockedlocked$00.00+00.00%2024-05-14
lockedlocked$00.00+00.00%2024-03-20
lockedlocked$00.00+00.00%2024-03-20
lockedlocked$00.00+00.00%2024-03-20
Bank of America
Top 37%
64
Strong BuyMaintains$12.30-16.89%2024-03-20
Citigroup
Bottom 9%
9
Strong BuyUpgrades$13.00-12.16%2024-03-20
Redburn Atlantic
Top 49%
52
Strong BuyInitiates Coverage On$12.00-18.92%2024-02-05
CLSA
Top 49%
52
BuyInitiates Coverage On$10.50-29.05%2024-02-05
UBS
Bottom 12%
12
Strong BuyUpgrades$10.50-29.05%2024-01-24

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Forecast return on equity

Is TME forecast to generate an efficient return?
Company
N/A
Industry
47.21%
Market
82.5%

Forecast return on assets

Is TME forecast to generate an efficient return on assets?
Company
N/A
Industry
34.17%

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
$0.62+33.62%
Avg 2 year Forecast
$0.80+71.34%
Avg 3 year Forecast
$0.94+102.59%
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
$4.0B+5.53%
Avg 2 year Forecast
$4.6B+21.54%
Avg 3 year Forecast
$5.4B+41.35%
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
27.1%
Industry
15.15%
Market
18.82%
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
12%
Industry
8.26%
Market
9.95%
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$14.80$13.02-12.04%Strong Buy
BIDU$91.99$146.29+59.02%Strong Buy
DASH$112.05$136.48+21.80%Buy
PINS$43.51$46.13+6.01%Strong Buy
SNAP$15.59$15.90+1.96%Buy

Tencent Music Entertainment Group Stock Forecast FAQ

Is Tencent Music Entertainment Group Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: TME) stock is to Strong Buy TME stock.

Out of 11 analysts, 9 (81.82%) are recommending TME as a Strong Buy, 1 (9.09%) are recommending TME as a Buy, 1 (9.09%) 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 earnings growth forecast for 2024-2026?

(NYSE: TME) Tencent Music Entertainment Group's forecast annual earnings growth rate of 27.1% is forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 15.15%, and it is also forecast to beat the US market's average forecast earnings growth rate of 18.82%.

Tencent Music Entertainment Group's earnings in 2024 is $718,395,573.On average, 2 Wall Street analysts forecast TME's earnings for 2024 to be $3,223,602,746, with the lowest TME earnings forecast at $3,119,615,560, and the highest TME earnings forecast at $3,327,589,931. On average, 2 Wall Street analysts forecast TME's earnings for 2025 to be $4,133,490,617, with the lowest TME earnings forecast at $4,003,506,636, and the highest TME earnings forecast at $4,263,474,599.

In 2026, TME is forecast to generate $4,887,397,711 in earnings, with the lowest earnings forecast at $4,887,397,711 and the highest earnings forecast at $4,887,397,711.

What is TME's revenue growth forecast for 2024-2026?

(NYSE: TME) Tencent Music Entertainment Group's forecast annual revenue growth rate of 12% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 8.26%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.95%.

Tencent Music Entertainment Group's revenue in 2024 is $3,805,809,128.On average, 3 Wall Street analysts forecast TME's revenue for 2024 to be $20,969,203,100,745, with the lowest TME revenue forecast at $20,505,441,051,565, and the highest TME revenue forecast at $21,286,852,755,803. On average, 3 Wall Street analysts forecast TME's revenue for 2025 to be $24,149,427,591,920, with the lowest TME revenue forecast at $22,728,167,138,208, and the highest TME revenue forecast at $25,268,262,114,508.

In 2026, TME is forecast to generate $28,086,158,856,444 in revenue, with the lowest revenue forecast at $28,086,158,856,444 and the highest revenue forecast at $28,086,158,856,444.

What is TME's forecast return on assets (ROA) for 2024-2027?

(NYSE: TME) forecast ROA is N/A, which is lower than the forecast US Internet Content & Information industry average of 34.17%.

What is TME's Price Target?

According to 11 Wall Street analysts that have issued a 1 year TME price target, the average TME price target is $13.02, with the highest TME stock price forecast at $19.00 and the lowest TME stock price forecast at $10.40.

On average, Wall Street analysts predict that Tencent Music Entertainment Group's share price could fall to $13.02 by May 14, 2025. The average Tencent Music Entertainment Group stock price prediction forecasts a potential downside of 12.04% from the current TME share price of $14.80.

What is TME's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: TME) Tencent Music Entertainment Group's current Earnings Per Share (EPS) is $0.46. On average, analysts forecast that TME's EPS will be $0.62 for 2024, with the lowest EPS forecast at $0.60, and the highest EPS forecast at $0.64. On average, analysts forecast that TME's EPS will be $0.80 for 2025, with the lowest EPS forecast at $0.77, and the highest EPS forecast at $0.82. In 2026, TME's EPS is forecast to hit $0.94 (min: $0.94, max: $0.94).

What is TME's forecast return on equity (ROE) for 2024-2027?

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