Tencent Music Entertainment Group ADR (TME) Social Stream
TENCENT MUSIC ENTERTAINMENT GROUP (TME) Price Targets From Analysts
Use the tables below to see what analysts covering TENCENT MUSIC ENTERTAINMENT GROUP think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-09 | 6 | $22 | $7 | $13.2 | $6.23 | 111.88% |
| 2021-11-10 | 7 | $22 | $7 | $13.085 | $6.23 | 110.03% |
| 2022-01-20 | 8 | $18 | $6 | $10.628 | $6.23 | 70.59% |
| 2022-02-17 | 8 | $18 | $6 | $10.557 | $6.23 | 69.45% |
| 2022-03-14 | 8 | $18 | $3.5 | $9.914 | $6.23 | 59.13% |
| 2022-03-22 | 8 | $18 | $4 | $9.4 | $6.23 | 50.88% |
| 2022-04-14 | 8 | $18 | $4 | $9.016 | $6.23 | 44.72% |
| 2022-04-22 | 8 | $18 | $4 | $9.042 | $6.23 | 45.14% |
| 2022-05-17 | 9 | $18 | $4 | $8.4 | $6.23 | 34.83% |
| 2022-08-13 | 8 | $18 | $3.9 | $7.644 | $6.23 | 22.7% |
| 2022-08-16 | 9 | $18 | $3.9 | $7.644 | $6.23 | 22.7% |
| 2022-10-10 | 7 | $8 | $3.9 | $6.057 | $6.23 | -2.78% |
| 2022-10-11 | 7 | $8 | $3.9 | $5.775 | $6.23 | -7.3% |
| 2022-11-07 | 7 | $8 | $3.9 | $5.625 | $6.23 | -9.71% |
| 2022-11-08 | 7 | $8 | $3.9 | $5.562 | $6.23 | -10.72% |
| 2022-11-16 | 6 | $8.3 | $3.9 | $5.889 | $6.23 | -5.47% |
| 2022-11-21 | 6 | $8.3 | $3.9 | $6.211 | $6.23 | -0.3% |
| 2022-12-01 | 6 | $8.5 | $3.9 | $6.655 | $6.23 | 6.82% |
| 2022-12-05 | 6 | $9.8 | $3.9 | $6.822 | $6.23 | 9.5% |
| 2023-01-11 | 6 | $9.8 | $3.9 | $7.222 | $6.23 | 15.92% |
| 2023-01-12 | 6 | $10 | $3.9 | $7.389 | $6.23 | 18.6% |
| 2023-01-16 | 6 | $11 | $3.9 | $7.755 | $6.23 | 24.48% |
| 2023-01-26 | 6 | $11 | $3.9 | $8.037 | $6.23 | 29% |
| 2023-01-31 | 6 | $11 | $3.9 | $8.187 | $6.23 | 31.41% |
| 2023-03-21 | 6 | $11 | $3.9 | $8.237 | $6.23 | 32.22% |
| 2023-03-23 | 6 | $11 | $3.9 | $8.737 | $6.23 | 40.24% |
| 2023-05-16 | 7 | $11 | $3.9 | $8.877 | $6.23 | 42.49% |
| 2023-05-17 | 9 | $11 | $7.4 | $9.84 | $6.23 | 57.95% |
| 2023-05-18 | 9 | $11.6 | $7.4 | $9.9 | $6.23 | 58.91% |
| 2023-07-13 | 9 | $11.6 | $7.4 | $9.963 | $6.23 | 59.92% |
| 2023-07-16 | 9 | $11.6 | $7.4 | $9.918 | $6.23 | 59.2% |
| 2023-07-20 | 9 | $11.6 | $7.4 | $9.681 | $6.23 | 55.39% |
| 2023-07-26 | 9 | $11 | $7.4 | $9.309 | $6.23 | 49.42% |
| 2023-07-31 | 9 | $11 | $7 | $9.063 | $6.23 | 45.47% |
| 2023-08-15 | 9 | $11 | $7 | $8.954 | $6.23 | 43.72% |
| 2023-08-16 | 9 | $11 | $7 | $8.818 | $6.23 | 41.54% |
| 2023-08-17 | 9 | $11 | $7 | $8.718 | $6.23 | 39.94% |
The Trend in the Analyst Price Target
TME's average price target has moved down $9.32 over the prior 33 months.
TME reports an average of 18.66% for its upside potential over the past 44 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-10-11 | 7 | 8.0 | 3.9 | 5.775 | 3.96 | 45.83% |
| 2022-11-21 | 6 | 8.3 | 3.9 | 6.211 | 5.56 | 11.71% |
| 2023-04-24 | 7 | 11.0 | 3.9 | 8.877 | 7.36 | 20.61% |
| 2023-05-18 | 9 | 11.6 | 7.4 | 9.963 | 8.00 | 24.54% |
| 2023-08-16 | 9 | 11.0 | 7.0 | 8.818 | 6.40 | 37.78% |
TME Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.94 | 4 | 1 | 4 | 0 | 0 | 9 |
The Trend in the Broker Recommendations
TME's average broker recommendation rating improved by 0.71 over the prior 43 weeks.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- TME has a higher average analyst price target than 450.18% of all US stocks.
- To contextualize these metrics, consider that out of stocks in the large market cap category, TENCENT MUSIC ENTERTAINMENT GROUP's number of analysts covering the stock is greater than 741.44% of them.
- TME has a lower variance in analysts' estimates than -3914.96% of stocks in the large market cap category.
- In the context of stocks in the large market cap category, TENCENT MUSIC ENTERTAINMENT GROUP's upside potential (average analyst target price relative to current price) is greater than 2841.39% of them.
In the Communication industry, SPOT, SIRI, and TEO are the three stocks most similar to TENCENT MUSIC ENTERTAINMENT GROUP regarding the price target and analyst recommendation information presented here.
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