Tencent Music (TME) analyst forecast and price target
Analyst forecast
Consensus of 36 analyst ratings
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| Mizuho | Maintained | Outperform | $15.00 from $18.00 | Aug 12, 2026 |
| China Renaissance | Downgraded | Buy → Hold | $9.30 | Aug 12, 2026 |
| JP Morgan | Maintained | Neutral | $10.00 from $12.00 | May 14, 2026 |
| Mizuho | Maintained | Outperform | $18.00 from $23.00 | May 13, 2026 |
| Barclays | Maintained | Overweight | $20.00 from $28.00 | Mar 19, 2026 |
| Benchmark | Downgraded | Buy → Hold | — | Mar 18, 2026 |
| Mizuho | Maintained | Outperform | $23.00 from $28.00 | Mar 18, 2026 |
| JP Morgan | Downgraded | Overweight → Neutral | $12.00 | Mar 18, 2026 |
| UBS | Downgraded | Buy → Neutral | $13.00 from $26.00 | Mar 18, 2026 |
| Macquarie | Downgraded | Outperform → Neutral | $14.10 | Mar 5, 2026 |
| Morgan Stanley | Maintained | Overweight | $25.00 from $27.50 | Dec 22, 2025 |
| Benchmark | Maintained | Buy | $25.00 from $28.00 | Nov 13, 2025 |
| Barclays | Maintained | Overweight | $28.00 from $27.00 | Nov 12, 2025 |
| Benchmark | Maintained | Buy | $28.00 from $19.00 | Aug 13, 2025 |
| Barclays | Maintained | Overweight | $27.00 from $16.00 | Aug 12, 2025 |
| Citigroup | Maintained | Buy | $29.00 from $23.00 | Aug 12, 2025 |
| Mizuho | Maintained | Outperform | $17.00 from $16.00 | Mar 19, 2025 |
| Morgan Stanley | Upgraded | Equal-Weight → Overweight | $13.00 | Jan 21, 2025 |
| Barclays | Initiated Coverage | Overweight | $16.00 | Nov 6, 2024 |
| Bernstein | Initiated Coverage | Outperform | $14.00 | Nov 4, 2024 |
Frequently asked questions
Is TME a buy, sell, or hold?
Analysts covering Tencent Music currently average a Buy rating: 21 buy, 15 hold and 0 sell, from 36 analysts. Ratings reflect analyst opinion, not investment advice.
What is the latest analyst rating on TME?
On Aug 12, 2026, Mizuho maintained Tencent Music at Outperform with a price target of $15.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.