tencent music stock forecast

This suggests a possible upside of 1566 from the stocks current price. Lets finish up by taking a look at the Tencent stock forecast.

China Tech Stocks May Recover As Most Regulatory Risks Priced In Analysts Say S P Global Market Intelligence

Analysts tracking TME have forecast the quarterly EPS to grow by 007 per share this quarter while the same analysts predict the annual EPS to hit 035 for the year 2022 and up.

. A rank of 43 means that 57 of stocks appear more favorable to our system. Their forecasts range from 350 to 2000. Of the 52 analysts that gave recommendations 40 said buy and five hold while seven expect it to outperform.

Which Chinese Stock is a Better Buy. According to CNN Money 47 analysts looking ahead 12 months assigned a median 7751 target in over-the-counter US trading with a 10010 high estimate and a low of 5891. The average price target represents a 4289 change from.

With a 5-year investment the revenue is expected to be around 7875. The average price target is 573 with a high forecast of 920 and a low forecast of 350. TENCENT MUSIC ENTERTAINMENT GROUP.

On average Wall Street analysts predict. IPOs of 2018. Tencents stock was trading at 4956 on March 11th 2020 when COVID-19 reached pandemic status according to the World Health Organization.

Find the latest Tencent Music Entertainment Group TME stock quote history news and other vital information to help you with your stock trading and investing. Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1490. TME Stock Forecast The regulatory shift in China has impacted.

Why Tesla Stock Slumped With Li Auto Tencent Music and Hutchmed Mar. The Tencent Music Entertainment stock prediction results are shown below and presented as a graph table and text information. Given the current short-term trend the stock is expected to fall -2552 during the next 3 months and with a 90 probability hold a price between 177 and 358 at the end of this 3-month period.

Real time Tencent Music Entertainment Group TME stock price quote stock graph news analysis. TME is the leading music entertainment company in China with a dominating market share of approximately 80 and a monthly active user base of 841m. Tencent started its IPO offer between the price of 13 and 15 going for a lower and more affordable offer than Spotify while the IPO went live in mid-December 2018.

Forecast target price for 04-22-2022. On average they anticipate Tencent Music Entertainment Groups stock price to reach 1044 in the next twelve months. The price has fallen in 7 of the last 10 days and is down by -186 for this period.

Tencent Music Entertainment stock forecasts are adjusted once a day based on the closing price of the previous trading day. And yet the only news apparent on the wires today is an announcement from HSBC bank that its raising its price target on Tencent Music stock to 35 -- nearly 10 above where it currently trades. ET on Motley Fool Netease vs.

14 2022 at 432 pm. How is Tencent TME Doing in 2019. That TENCENT MUSIC ENTERTAINMENT GROUPs share price could reach 1095 by Feb 18 2023.

Tencent Music Entertainment Group which has a market valuation of 690 billion is expected to release its quarterly earnings report Mar 21 2022 Mar 25 2022. Since then TCEHY stock has decreased by 140 and is now trading at 4263. 13 brokers have issued 1 year price objectives for Tencent Music Entertainment Groups stock.

During the day the stock fluctuated 810 from a day low at 381 to a day high of 412. Stock Price Forecast The 23 analysts offering 12-month price forecasts for Tencent Music Entertainment Group have a median target of 579 with a high estimate of 1800 and a low estimate of 350. Based on 6 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months.

I initiate my coverage on Tencent Music Entertainment with a BUY recommendation and a base-case target price of 1215 per share implying an upside potential of 71. The Tencent Music Entertainment Group stock price gained 150 on the last trading day Thursday 28th Apr 2022 rising from 401 to 407. If you had invested in TENCENT MUSIC ENTERTAINMENT GROUP stock at 1400 your return over the last 3 years would have been -7093 for an annualized return of -3375 not including any dividends or dividend reinvestments.

Tencent Music Entertainment Stock Forecast 04-22-2022. The value of Tencent public offering was set at 213 billion however the IPO raised 11 billion dollars with their initial offer. Your current 100 investment may be up to 17875 in 2027.

The average TENCENT MUSIC ENTERTAINMENT GROUP stock price prediction forecasts a potential upside of. Tencent Holdings Limited quote is equal to 47420 USD at 2022-03-29. Do note that if the stock price manages to stay at current levels or higher our prediction target will start to change positively over the next few days as the conditions for the.

Tencent Music Entertainment ADR is in the bottom half of stocks based on the fundamental outlook for the stock and an analysis of the stocks chart. Based on our forecasts a long-term increase is expected the TCEHY stock price prognosis for 2027-03-26 is 84761 USD. Notably Tencent Music Entertainment repurchased approximately 239 million in shares under its existing stock buyback program.

The minimum target price for Tencent Music Entertainment analysts is 1246. Stock was originally listed at a price of 1400 in Dec 12 2018. InvestorsObserver gives Tencent Music Entertainment ADR TME an overall rank of 43 which is below average.

Find the latest Tencent Music Entertainment Gro TME analyst stock forecast price target and recommendation trends with in-depth analysis from research reports.

Tencent Stock Forecast Tcehy Where Does It Go From Here Seeking Alpha