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

NYSE:TME • US88034P1093

Current stock price

9.36 USD
+0.07 (+0.75%)
At close:
9.33 USD
-0.03 (-0.32%)
After Hours:

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
$19.77
+ 111.27% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 12, 2026
Period
Q1 / 2026
EPS Estimate
CN¥1.44
Revenue Estimate
7.968B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
77.71%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$19.77
Upside
+ 111.27%
From current price of $9.36 to mean target of $19.77, Based on 35 analyst forecasts
Low
$10.81
Median
$18.16
High
$31.50

Price Target Revisions

1 Month
-23.83%
3 Months
-25.07%

Price Target Summary

35 Wall Street analysts provided a forecast for the next 12 months for TME. The average price target is 19.77 USD. This implies a price increase of 111.27% is expected in the next year compared to the current price of 9.36.
The average price target has been revised downward by 25.07% 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

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
77.71%
TME was analyzed by 35 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive 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
2026-03-19BarclaysMaintains Overweight -> Overweight
2026-03-18MizuhoMaintains Outperform -> Outperform
2026-03-18UBSDowngrade Buy -> Neutral
2026-03-18BenchmarkDowngrade Buy -> Hold
2026-03-18JP MorganDowngrade Overweight -> Neutral
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

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 12, 2026
Period
Q1 / 2026
EPS Estimate
CN¥1.44
Revenue Estimate
7.968B
Revenue Q2Q
8.32%
EPS Q2Q
5.07%
Number of Analysts
13

Next Earnings Revisions

Revenue (1 Month)
-5.75%
Revenue (3 Months)
-6.02%
EPS (1 Month)
-9.22%
EPS (3 Months)
-9.22%

Next Earnings Summary

TME is expected to report earnings on 5/12/2026. The consensus EPS estimate for the next earnings is 1.44 USD and the consensus revenue estimate is 7.97B USD.
The next earnings revenue estimate has been revised downward by 6.02% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

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

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
TME revenue by date.TME revenue by date.
27.752B
-2.07%		28.401B
2.34%		32.902B
15.85%		36.431B
10.73%		40.142B
10.19%		44.041B
9.71%		56.16B
27.52%		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.
5.781B
32.11%		8.327B
44.04%		N/A
48.97%		12.29B
-0.93%		13.73B
11.72%		15.051B
9.62%		22.357B
48.54%		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.
4.777B
48.54%		7.349B
53.84%		9.678B
31.69%		11.818B
22.11%		13.164B
11.39%		14.267B
8.38%		21.235B
48.84%		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.
17.21%25.88%29.41%32.44%32.79%32.39%37.81%39.27%40.51%41.79%43.07%
EPS
YoY % growth
TME eps by date.TME eps by date.
3.75
27.55%		4.91
30.93%		6.17
25.66%		6.69
8.41%		7.38
10.34%		8.08
9.51%		10.61
31.22%		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 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		1.44
5.07%		1.73
3.99%		1.68
8.81%		1.77
10.72%		1.61
11.55%		1.89
9.55%		1.88
12.00%		1.79
1.08%		1.71
6.62%		1.96
3.39%		1.84
-2.11%		1.90
6.32%
Revenue
Q2Q % growth		7.968B
8.32%		9.269B
9.80%		9.404B
11.12%		9.642B
11.58%		8.929B
12.06%		10.535B
13.66%		10.454B
11.17%		10.617B
10.11%		9.785B
9.59%		11.481B
8.98%		11.279B
7.89%		11.376B
7.15%
EBITDA
Q2Q % growth		2.567B
6.91%		3.174B
62.69%		2.958B
10.09%		2.941B
3.78%		N/AN/AN/AN/A3.364B3.364B3.364B3.364B
EBIT
Q2Q % growth		2.487B
18.48%		2.964B
14.31%		2.9B
22.31%		3.054B
16.79%		2.678B
7.68%		3.182B
7.35%		3.064B
5.66%		3.219B
5.40%		3.047B
13.78%		3.565B
12.04%		3.351B
9.37%		3.518B
9.29%

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
9.42%
EPS Next 5 Year
14.00%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
10.23%
Revenue Next 5 Year
11.26%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
6.54%
EBIT Next 5 Year
13.26%
→ 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 19.77 USD. This implies a price increase of 111.27% is expected in the next year compared to the current price of 9.36.

When does TENCENT MUSIC ENTERTAINM-ADR (TME) report earnings?

TENCENT MUSIC ENTERTAINM-ADR (TME) will report earnings on 2026-05-12, before the market open.

Can you provide the consensus estimates for TENCENT MUSIC ENTERTAINM-ADR next earnings?

The consensus EPS estimate for the next earnings of TENCENT MUSIC ENTERTAINM-ADR (TME) is 1.44 USD and the consensus revenue estimate is 7.97B USD.

How many analysts have analysed TENCENT MUSIC ENTERTAINM-ADR (TME)?

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