TENCENT MUSIC ENTERTAINM-ADR (TME) Forecast, Price Target & Analyst Ratings

NYSE:TME • US88034P1093

Current stock price

12.83 USD
-2.26 (-14.98%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TENCENT MUSIC ENTERTAINM-ADR (TME).

Forecast Snapshot

Consensus Price Target

Price Target
$25.96
+ 102.35% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
N/A
Period
Q1 / 2026
EPS Estimate
CN¥1.59
Revenue Estimate
8.454B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
81.14%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$25.96
Upside
+ 102.35%
From current price of $12.83 to mean target of $25.96, Based on 35 analyst forecasts
Low
$17.17
Median
$26.52
High
$31.50

Price Target Revisions

1 Month
0.00%
3 Months
-1.63%

Price Target Summary

35 Wall Street analysts provided a forecast for the next 12 months for TME. The average price target is 25.96 USD. This implies a price increase of 102.35% is expected in the next year compared to the current price of 12.83.
The average price target has been revised downward by 1.63% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TME Current Analyst RatingTME Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15 20

Analyst Ratings History

TME Historical Analyst RatingsTME Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
81.14%
TME was analyzed by 35 analysts. The buy percentage consensus is at 81. So analysts seem to be very confident about TME.
In the previous month the buy percentage consensus was at a similar level.
TME was analyzed by 35 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-05MacquarieDowngrade Outperform -> Neutral
2025-12-22Morgan StanleyMaintains Overweight -> Overweight
2025-11-13BenchmarkMaintains Buy -> Buy
2025-11-12BarclaysMaintains Overweight -> Overweight
2025-08-13BenchmarkMaintains Buy -> Buy
2025-08-12BarclaysMaintains Overweight -> Overweight
2025-08-12CitigroupMaintains Buy -> Buy
2025-03-19MizuhoMaintains Outperform -> Outperform
2025-01-21Morgan StanleyUpgrade Equal-Weight -> Overweight
2024-11-06BarclaysInitiate Overweight
2024-11-04BernsteinInitiate Outperform
2024-09-25Morgan StanleyDowngrade Overweight -> Equal-Weight
2024-08-14MizuhoMaintains Outperform -> Outperform
2024-08-14BenchmarkMaintains Buy -> Buy
2024-08-14B of A SecuritiesMaintains Buy -> Buy
2024-05-14MizuhoMaintains Buy -> Buy
2024-05-14BenchmarkMaintains Buy -> Buy
2024-05-10MizuhoMaintains Buy -> Buy
2024-03-20MizuhoMaintains Buy -> Buy
2024-03-20BenchmarkMaintains Buy -> Buy
2024-03-20Goldman SachsUpgrade Neutral -> Buy
2024-03-20B of A SecuritiesMaintains Buy -> Buy
2024-03-20Morgan StanleyMaintains Overweight -> Overweight
2024-03-20HSBCMaintains Hold -> Hold
2024-03-20CitigroupUpgrade Neutral -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
N/A
Period
Q1 / 2026
EPS Estimate
CN¥1.59
Revenue Estimate
8.454B
Revenue Q2Q
14.93%
EPS Q2Q
15.74%
Number of Analysts
6

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%

Next Earnings Summary

The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
TME revenue by date.TME revenue by date.
28.339B
-9.30%		27.752B
-2.07%		28.401B
2.34%		32.888B
15.80%		37.204B
13.12%		41.91B
12.65%		51.535B
22.97%		56.16B
8.97%		56.054B
-0.19%		61.239B
9.25%		66.459B
8.52%		71.66B
7.83%
EBITDA
YoY % growth
TME ebitda by date.TME ebitda by date.
4.376B
17.70%		5.781B
32.11%		8.327B
44.04%		12.345B
48.25%		13.028B
5.53%		15.264B
17.16%		19.111B
25.20%		22.357B
16.98%		23.199B
3.77%		26.087B
12.45%		29.153B
11.75%		32.362B
11.01%
EBIT
YoY % growth
TME ebit by date.TME ebit by date.
3.216B
18.37%		4.777B
48.54%		7.349B
53.84%		12.447B
69.37%		12.018B
-3.45%		13.587B
13.06%		18.689B
37.55%		21.235B
13.62%		22.013B
3.66%		24.808B
12.70%		27.77B
11.94%		30.861B
11.13%
Operating Margin
TME operating margin by date.TME operating margin by date.
11.35%17.21%25.88%37.85%32.30%32.42%36.26%37.81%39.27%40.51%41.79%43.07%
EPS
YoY % growth
TME eps by date.TME eps by date.
2.94
19.51%		3.75
27.55%		4.91
30.93%		6.10
24.17%		6.87
12.68%		7.75
12.89%		9.63
24.13%		10.61
10.18%		11.88
11.99%		13.35
12.43%		14.92
11.71%		16.56
11.00%

All data in CNY

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		1.59
15.74%		1.82
9.78%		1.77
15.01%		1.80
13.48%		1.74
9.49%		1.97
8.02%		1.89
6.46%		1.92
6.82%
Revenue
Q2Q % growth		8.454B
14.93%		9.589B
13.59%		9.704B
14.66%		9.71B
14.07%		9.628B
13.89%		11.129B
16.06%		11.091B
14.29%		10.941B
12.68%
EBITDA
Q2Q % growth		2.917B
21.49%		6.745B
245.72%		1.879B
-30.07%		1.879B
-33.70%		N/AN/AN/AN/A
EBIT
Q2Q % growth		2.705B
28.87%		3.081B
18.82%		3.145B
32.64%		2.959B
4.74%		2.963B
9.54%		3.441B
11.68%		3.304B
5.06%		3.403B
15.01%

All data in CNY

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TME Yearly Revenue VS EstimatesTME Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 20B 40B 60B
TME Yearly EPS VS EstimatesTME Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 5 10 15

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
16.46%
EPS Next 5 Year
16.65%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
13.69%
Revenue Next 5 Year
14.51%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
23.21%
EBIT Next 5 Year
22.33%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

TENCENT MUSIC ENTERTAINM-ADR / TME Forecast FAQ

Can you provide the average price target for TENCENT MUSIC ENTERTAINM-ADR stock?

35 analysts have analysed TME and the average price target is 25.96 USD. This implies a price increase of 102.35% is expected in the next year compared to the current price of 12.83.

What are the consensus estimates for TENCENT MUSIC ENTERTAINM-ADR (TME) next earnings?

The consensus EPS estimate for the next earnings of TENCENT MUSIC ENTERTAINM-ADR (TME) is 1.59 USD and the consensus revenue estimate is 8.45B USD.

What is the number of analysts for TME stock?

The number of analysts covering TENCENT MUSIC ENTERTAINM-ADR (TME) is 35.