tencent music stock forecast

Tencent Music Entertainment Group NYSETME is the leading online music and audio entertainment platform in China operating the countrys highly popular and innovative music apps. Find the latest Tencent Music Entertainment Gro TME stock forecast based on top analysts estimates plus more investing and trading data.

Tencent Music Waiting On The Sidelines For Now

Apr 7 2022 1149AM EDT.

. Why Tesla Stock Slumped With Li Auto Tencent Music and Hutchmed Mar. 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 7 Wall Street analysts offering 12 month price targets for Tencent Music Entertainment Group in the last 3 months.

Last 30 Days Historical Ratings TME Stock Trend The stock has broken the very wide and falling short-term trend down. On average Wall Street analysts predict. Tencent Holdings Limited quote is equal to 47860 USD at 2022-03-24.

With a 5-year investment the revenue is expected to be around 7987. Their forecasts range from 6018 to 51000. This suggests a possible upside of 2875 from the stocks current price.

Carnival is expected to post EPS of 169 in its 2023 fiscal year and 236 in fiscal 2024. The average price target is 596 with a high forecast of 920 and a low forecast of 350. TME Price Target and Analyst Ratings Most Recent Rating On Jan 20 2022 China Renaissance Securities gave 730 rating for TME.

Shares of Chinese music streaming service Tencent Music Entertainment were rising on Tuesday up 97 on the day as of the end of trading. Stock was originally listed at a price of 1400 in Dec 12 2018. View which stocks have been most impacted by COVID-19.

A rank of 36 means that 64 of stocks appear more favorable to our system. Find the latest Tencent Music Entertainment Gro TME stock forecast based on top analysts estimates plus more investing and trading data from Yahoo Finance. The average price target represents a 2138 change from.

Stock Price Forecast The 22 analysts offering 12-month price forecasts for Tencent Music Entertainment Group have a median target of 862 with a high estimate of 1800 and a low estimate of 350. I nvestors in Tencent Music Entertainment Group Symbol. On average they anticipate Tencents stock price to reach 18605 in the next twelve months.

If you had invested in TENCENT MUSIC ENTERTAINMENT GROUP stock at 1400 your return over the last 3 years would have been -6171 for an annualized return of -2739 not including any dividends or dividend reinvestments. TENCENT MUSIC ENTERTAINMENT GROUP. Tencent Music Entertainment Groups stock was trading at 1176 on March 11th 2020 when COVID-19 Coronavirus reached pandemic status according to the World Health Organization WHO.

Hold candidate since 2022-03-18 PDF. By early 2021 TME shares had risen 148 above the IPO price briefly valuing TME at nearly 52 billion almost on par with Spotify the worlds largest music-streaming company. Your current 100 investment may be up to 17987 in 2027.

During the day the stock fluctuated 2683 from a day low at 410 to a day high of 520. Our platform comprises online music online audio online karaoke music-centric live streaming and online concert. Despite solid reports the companys shares went down by -9.

38 rows Tencent Music Entertainment Group Stock Forecast NYSE. 14 2022 at 432 pm. ET on Motley Fool Netease vs.

10 analysts have issued 12-month price objectives for Tencents stock. In the same period Hong Kong 58-member benchmark Hang Seng index has fallen nearly 18 while 30-member Hang Seng TECH index has slumped over 40 from its mid-February high. QQ Music Kugou Music Kuwo Music and WeSing.

At Stock Options Channel our YieldBoost. InvestorsObserver gives Tencent Music Entertainment ADR TME an overall rank of 36 which is below average. Which Chinese Stock is a Better Buy.

Based on our forecasts a long-term increase is expected the TCEHY stock price prognosis for 2027-03-19 is 86088 USD. The Tencent Music Entertainment Group stock price gained 2076 on the last trading day Friday 18th Mar 2022 rising from 419 to 506. TME saw new options become available today for the May 27th expiration.

The price target was set to 70737. A Misunderstood Underappreciated And Undervalued Business 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. As of 27 Octobers close of HKD487 Hong Kong-listed Tencent Holdings stock is currently trading about 35 below its all-time high of HKD7556 reached on 18 February 2021.

The company does not. Since then TME stock has decreased by 644 and is now trading at 419. The stocks 52-week range is 1632 to 3152.

The average Tencent Music Entertainment Group stock price prediction forecasts a potential upside of 119 from the current TME share price of 500. That Tencent Music Entertainment Groups share price could reach 1095 by Feb 18 2023. But 2021 and early.

The price has been going up and down for this period and there has been a 1072 gain for the. Tencent is said to be one of the biggest music services in the world while the company provided a solid report for 2018 stating that the company scored 27 billion dollars in market capitalization.

Tencent Stock Is Undervalued And Poised For Major Growth Otcmkts Tcehy Seeking Alpha