Tencent Music Entertainment Group ADR (TME) Social Stream
TENCENT MUSIC ENTERTAINMENT GROUP (TME) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering TME.
| 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 | $8.05 | 63.98% |
| 2021-11-10 | 8 | $22 | $7 | $13.085 | $8.05 | 62.55% |
| 2022-01-20 | 8 | $18 | $6 | $10.628 | $8.05 | 32.02% |
| 2022-02-17 | 8 | $18 | $6 | $10.557 | $8.05 | 31.14% |
| 2022-03-14 | 8 | $18 | $3.5 | $9.914 | $8.05 | 23.16% |
| 2022-03-22 | 8 | $18 | $4 | $9.4 | $8.05 | 16.77% |
| 2022-04-14 | 8 | $18 | $4 | $9.016 | $8.05 | 12% |
| 2022-04-22 | 8 | $18 | $4 | $9.042 | $8.05 | 12.32% |
| 2022-05-17 | 9 | $18 | $4 | $8.112 | $8.05 | 0.77% |
| 2022-08-13 | 8 | $18 | $3.9 | $7.644 | $8.05 | -5.04% |
| 2022-08-16 | 9 | $10 | $3.9 | $6.55 | $8.05 | -18.63% |
| 2022-10-10 | 7 | $8 | $3.9 | $6.057 | $8.05 | -24.76% |
| 2022-10-11 | 7 | $8 | $3.9 | $5.942 | $8.05 | -26.19% |
| 2022-11-07 | 7 | $8 | $3.9 | $5.625 | $8.05 | -30.12% |
| 2022-11-08 | 7 | $8 | $3.9 | $5.562 | $8.05 | -30.91% |
| 2022-11-16 | 6 | $8.3 | $3.9 | $5.889 | $8.05 | -26.84% |
| 2022-11-21 | 6 | $8.3 | $3.9 | $6.211 | $8.05 | -22.84% |
| 2022-12-01 | 6 | $8.5 | $3.9 | $6.655 | $8.05 | -17.33% |
| 2022-12-05 | 6 | $9.8 | $3.9 | $6.822 | $8.05 | -15.25% |
| 2023-01-11 | 6 | $9.8 | $3.9 | $7.222 | $8.05 | -10.29% |
| 2023-01-12 | 6 | $10 | $3.9 | $7.389 | $8.05 | -8.21% |
| 2023-01-16 | 6 | $11 | $3.9 | $7.955 | $8.05 | -1.18% |
| 2023-01-26 | 6 | $11 | $3.9 | $8.037 | $8.05 | -0.16% |
| 2023-01-31 | 6 | $11 | $3.9 | $8.187 | $8.05 | 1.7% |
| 2023-03-21 | 6 | $11 | $3.9 | $8.237 | $8.05 | 2.32% |
| 2023-03-23 | 7 | $11 | $3.9 | $8.737 | $8.05 | 8.53% |
| 2023-05-16 | 9 | $11 | $4.6 | $9.5 | $8.05 | 18.01% |
| 2023-05-17 | 9 | $11 | $7.4 | $9.84 | $8.05 | 22.24% |
| 2023-05-18 | 9 | $11.6 | $7.4 | $9.9 | $8.05 | 22.98% |
| 2023-07-13 | 9 | $11.6 | $7.4 | $9.963 | $8.05 | 23.76% |
| 2023-07-16 | 9 | $11.6 | $7.4 | $9.918 | $8.05 | 23.2% |
| 2023-07-20 | 9 | $11.6 | $7.4 | $9.681 | $8.05 | 20.26% |
| 2023-07-26 | 9 | $11 | $7.4 | $9.309 | $8.05 | 15.64% |
| 2023-07-31 | 9 | $11 | $7 | $9.063 | $8.05 | 12.58% |
| 2023-08-15 | 9 | $11 | $7 | $8.954 | $8.05 | 11.23% |
| 2023-08-16 | 9 | $11 | $7 | $8.818 | $8.05 | 9.54% |
| 2023-08-17 | 9 | $11 | $7 | $8.718 | $8.05 | 8.3% |
| 2023-10-24 | 9 | $11 | $7 | $8.809 | $8.05 | 9.43% |
| 2023-11-14 | 9 | $11 | $7 | $8.736 | $8.05 | 8.52% |
| 2023-11-15 | 9 | $10.6 | $7 | $8.581 | $8.05 | 6.6% |
| 2023-11-16 | 9 | $10.6 | $7 | $8.854 | $8.05 | 9.99% |
| 2023-11-20 | 9 | $11 | $7 | $8.945 | $8.05 | 11.12% |
The Trend in the Analyst Price Target
TME's average price target has moved down $0.96 over the prior 27 weeks.
Over the past 45 weeks, TME's average upside potential has been 15.44%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-16 | 6 | 11.0 | 3.9 | 7.755 | 8.99 | -13.74% |
| 2023-01-31 | 6 | 11.0 | 3.9 | 8.187 | 8.39 | -2.42% |
| 2023-07-16 | 9 | 11.6 | 7.4 | 9.918 | 7.59 | 30.67% |
| 2023-07-20 | 9 | 11.6 | 7.4 | 9.681 | 6.80 | 42.37% |
| 2023-10-19 | 9 | 11.0 | 7.0 | 8.809 | 6.73 | 30.89% |
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 0.35.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for TME as an investment opportunity.
- In the context of all US stocks, TENCENT MUSIC ENTERTAINMENT GROUP's average analyst price target is greater than 502.5% of them.
- 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 higher than 831.36% of them.
- TME has a greater upside potential (average analyst target price relative to current price) than 1195.16% 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 -4234.51% of that group.
In terms of price targets and recommendations offered by analysts, the stocks in the Communication industry with the ratings most similar to TENCENT MUSIC ENTERTAINMENT GROUP are SPOT, SIRI, and TEO.
View All Top Stocks by Price Target
What is the outlook for TME? Use POWR Ratings for clearer insight into price direction.