Tencent Music Entertainment Group

TMENYSECommunication ServicesInternet Content & Information

$8.63- (-)1Y −61.31%

As of Oct 16, 2026 close

Market cap: $13.63B
P/E (TTM): 10.22
Forward P/E: 11.63
Dividend yield: 2.77%
52-week range: $7.66$23.86
Volume (live): -
Avg. volume (3M): 6.07M

Tencent Music Entertainment Group (TME) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Tencent Music Entertainment Group stock.

Analyst Consensus Rating

Investment consensus from 8 professional research analysts

Consensus Rating

Buy

Based on 8 unique analysts

(9 total ratings in last 90 days)

Medium Confidence∞:1 Buy/Sell

Average Price Target

$12.89

+49.36% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest TME Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Sep 21, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Aug 17, 2026	Alex Yao	JP Morgan	Maintains	Hold	$10.00 → $9.00 −1.00 (−10.0%)
Aug 13, 2026	Wei Fang	Mizuho	Maintains	Buy	$15.00
Aug 13, 2026	Jiong Shao	Barclays	Maintains	Buy	$20.00
Aug 12, 2026	Saiyi He	CMB International	Maintains	Buy	$17.50 → $15.00 −2.50 (−14.3%)
Aug 12, 2026	Lincoln Kong	Goldman Sachs	Maintains	Buy	$13.40 → $11.70 −1.70 (−12.7%)
Aug 12, 2026	Alex Liu	BofA Securities	Reiterates	Hold	$10.00
Aug 12, 2026	Wei Xiong	UBS	Maintains	Hold	$13.00 → $9.50 −3.50 (−26.9%)
Aug 11, 2026	Alex Liu	BofA Securities	Reiterates	Hold	$10.00

Zacks Equity Research

HoldInitiates Coverage

Sep 21

Alex Yao

JP Morgan

HoldMaintains

$10.00 → $9.00

Aug 17

Wei Fang

Mizuho

BuyMaintains

$15.00

Aug 13

Jiong Shao

Barclays

BuyMaintains

$20.00

Aug 13

Saiyi He

CMB International

BuyMaintains

$17.50 → $15.00

Aug 12

Lincoln Kong

Goldman Sachs

BuyMaintains

$13.40 → $11.70

Aug 12

Alex Liu

BofA Securities

HoldReiterates

$10.00

Aug 12

Wei Xiong

UBS

HoldMaintains

$13.00 → $9.50

Aug 12

Alex Liu

BofA Securities

HoldReiterates

$10.00

Aug 11

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Sep 21, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for TME?

The analyst consensus rating for TME is Buy, based on the latest ratings from 8 analysts over the last 90 days.

What is the average price target for TME?

The average 12-month price target for TME is $12.89, representing an upside of 49.4% from the Oct 16, 2026 close of $8.63.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.