Tencent Music Entertainment Group ADR (TME) Social Stream
TENCENT MUSIC ENTERTAINMENT GROUP (TME) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering TENCENT MUSIC ENTERTAINMENT GROUP.
| 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 | $9.03 | 46.18% |
| 2021-11-10 | 7 | $22 | $7 | $13.085 | $9.03 | 44.91% |
| 2022-01-20 | 8 | $18 | $6 | $10.628 | $9.03 | 17.7% |
| 2022-02-17 | 8 | $18 | $6 | $10.557 | $9.03 | 16.91% |
| 2022-03-14 | 8 | $18 | $3.5 | $9.914 | $9.03 | 9.79% |
| 2022-03-22 | 8 | $18 | $4 | $9.4 | $9.03 | 4.1% |
| 2022-04-14 | 8 | $18 | $4 | $9.016 | $9.03 | -0.16% |
| 2022-04-22 | 8 | $18 | $4 | $9.042 | $9.03 | 0.13% |
| 2022-05-17 | 9 | $18 | $4 | $8.4 | $9.03 | -6.98% |
| 2022-08-13 | 8 | $18 | $3.9 | $7.644 | $9.03 | -15.35% |
| 2022-08-16 | 9 | $18 | $3.9 | $7.766 | $9.03 | -14% |
| 2022-10-10 | 7 | $8 | $3.9 | $6.057 | $9.03 | -32.92% |
| 2022-10-11 | 7 | $8 | $3.9 | $5.942 | $9.03 | -34.2% |
| 2022-11-07 | 7 | $8 | $3.9 | $5.625 | $9.03 | -37.71% |
| 2022-11-08 | 7 | $8 | $3.9 | $5.562 | $9.03 | -38.41% |
| 2022-11-16 | 6 | $8.3 | $3.9 | $5.889 | $9.03 | -34.78% |
| 2022-11-21 | 6 | $8.3 | $3.9 | $6.211 | $9.03 | -31.22% |
| 2022-12-01 | 6 | $8.5 | $3.9 | $6.655 | $9.03 | -26.3% |
| 2022-12-05 | 6 | $9.8 | $3.9 | $6.822 | $9.03 | -24.45% |
| 2023-01-11 | 6 | $9.8 | $3.9 | $7.222 | $9.03 | -20.02% |
| 2023-01-12 | 6 | $10 | $3.9 | $7.389 | $9.03 | -18.17% |
| 2023-01-16 | 6 | $11 | $3.9 | $7.955 | $9.03 | -11.9% |
| 2023-01-26 | 6 | $11 | $3.9 | $8.037 | $9.03 | -11% |
| 2023-01-31 | 6 | $11 | $3.9 | $8.187 | $9.03 | -9.34% |
| 2023-03-21 | 6 | $11 | $3.9 | $8.237 | $9.03 | -8.78% |
| 2023-03-23 | 6 | $11 | $3.9 | $8.737 | $9.03 | -3.24% |
| 2023-05-16 | 9 | $11 | $4.6 | $9.5 | $9.03 | 5.2% |
| 2023-05-17 | 9 | $11 | $7.4 | $9.84 | $9.03 | 8.97% |
| 2023-05-18 | 9 | $11.6 | $7.4 | $9.9 | $9.03 | 9.63% |
| 2023-07-13 | 9 | $11.6 | $7.4 | $9.963 | $9.03 | 10.33% |
| 2023-07-16 | 9 | $11.6 | $7.4 | $9.918 | $9.03 | 9.83% |
| 2023-07-20 | 9 | $11.6 | $7.4 | $9.681 | $9.03 | 7.21% |
| 2023-07-26 | 9 | $11 | $7.4 | $9.309 | $9.03 | 3.09% |
| 2023-07-31 | 9 | $11 | $7 | $9.063 | $9.03 | 0.37% |
| 2023-08-15 | 9 | $11 | $7 | $8.954 | $9.03 | -0.84% |
| 2023-08-16 | 9 | $11 | $7 | $8.818 | $9.03 | -2.35% |
| 2023-08-17 | 9 | $11 | $7 | $8.718 | $9.03 | -3.46% |
| 2023-10-24 | 9 | $11 | $7 | $8.809 | $9.03 | -2.45% |
| 2023-11-14 | 9 | $11 | $7 | $8.827 | $9.03 | -2.25% |
| 2023-11-15 | 9 | $10.6 | $7 | $8.581 | $9.03 | -4.97% |
| 2023-11-16 | 9 | $10.6 | $7 | $8.854 | $9.03 | -1.95% |
| 2023-11-20 | 9 | $11 | $7 | $8.945 | $9.03 | -0.94% |
| 2023-12-15 | 9 | $11 | $7 | $8.99 | $9.03 | -0.44% |
The Trend in the Analyst Price Target
Over the past 18 months, TME's average price target has gone up $1.35.
Over the past 48 weeks, TME's average upside potential has been 15.05%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-23 | 7 | 11.0 | 3.9 | 8.737 | 7.59 | 15.11% |
| 2023-05-16 | 9 | 11.0 | 4.6 | 9.500 | 7.67 | 23.86% |
| 2023-05-16 | 7 | 11.0 | 3.9 | 8.877 | 7.67 | 15.74% |
| 2023-07-16 | 9 | 11.6 | 7.4 | 9.918 | 7.59 | 30.67% |
| 2023-07-26 | 9 | 11.0 | 7.4 | 9.309 | 6.49 | 43.44% |
TME Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.72 | 5 | 1 | 3 | 0 | 0 | 9 |
The Trend in the Broker Recommendations
Over the past 31 weeks, TME's average broker recommendation rating worsened by 0.22.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- TENCENT MUSIC ENTERTAINMENT GROUP's average analyst price target is greater than 513.26% of all US stocks.
- TME has a greater number of analysts covering the stock than 835.4% of stocks in the large market cap category.
- TENCENT MUSIC ENTERTAINMENT GROUP's upside potential (average analyst target price relative to current price) is higher than 942.04% of Communication stocks.
- In terms of how TENCENT MUSIC ENTERTAINMENT GROUP fares relative to stocks in the large market cap category, note that its variance in analysts' estimates is lower than -4297.13% of that group.
Stocks similar to TENCENT MUSIC ENTERTAINMENT GROUP in the Communication industry regarding analyst recommendations and price targets are SIRI, TEO, and SHEN.
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