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Tencent Music Entertainment (TME) stock Forecast for 2022, 2023, 2024, 2025

The forecast has been updated: June 15, 2021 9:27

Tencent Music Entertainment stock price online today

Analyst Target Price

23.3

Dividend Date

Ex Dividend Date

Last Split Factor

None

Last Split Date

Should you buy or sell Tencent Music Entertainment stock today? What is the projected target price level for over the horizon of a year, two, three? How much will be worth in 2021, 2022, 2023?

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Below you can see the results of forecasts for the month, current and future years. Find out target values for stocks, optimistic and pessimistic forecasts.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $23.3 target price for Tencent Music Entertainment stock stock.

Today 200 Day Moving Average is the resistance level (20.9227 $).

50 Day Moving Average is the resistance level (15.9815 $).

Tencent Music Entertainment stock monthly Forecast

Date	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
17 Jun 21	16.29	16.14	16.47	2.00 %
18 Jun 21	16.25	16.12	16.33	1.33 %
19 Jun 21	16.07	15.94	16.29	2.24 %
20 Jun 21	15.99	15.85	16.23	2.38 %
21 Jun 21	16.30	16.06	16.50	2.72 %
22 Jun 21	16.31	16.18	16.46	1.73 %
23 Jun 21	16.23	16.05	16.45	2.47 %
24 Jun 21	16.17	15.98	16.37	2.39 %
25 Jun 21	16.28	16.20	16.37	1.03 %
26 Jun 21	16.34	16.16	16.50	2.06 %
27 Jun 21	16.09	15.87	16.20	2.05 %
28 Jun 21	16.30	16.06	16.51	2.82 %
29 Jun 21	16.29	16.06	16.36	1.83 %
30 Jun 21	16.55	16.32	16.77	2.76 %
01 Jul 21	16.77	16.60	16.87	1.64 %
02 Jul 21	16.86	16.69	17.04	2.14 %
03 Jul 21	16.90	16.76	17.01	1.53 %
04 Jul 21	17.21	17.00	17.43	2.55 %
05 Jul 21	17.08	17.01	17.27	1.53 %
06 Jul 21	16.89	16.75	17.11	2.14 %
07 Jul 21	16.82	16.74	17.01	1.63 %
08 Jul 21	16.88	16.78	17.09	1.85 %
09 Jul 21	17.19	16.95	17.41	2.70 %
10 Jul 21	17.06	16.87	17.25	2.24 %
11 Jul 21	16.90	16.72	17.03	1.86 %
12 Jul 21	17.22	17.05	17.48	2.50 %
13 Jul 21	16.88	16.69	17.07	2.27 %
14 Jul 21	16.94	16.74	17.00	1.56 %
15 Jul 21	16.64	16.45	16.87	2.55 %
16 Jul 21	16.53	16.43	16.76	1.99 %

TME daily forecast for this month

Tencent Music Entertainment stock forecast for 17.06.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 16.29 Positive intraday dynamics of the instrument is expected with 1.959% volatility is expected.

Pessimistic forecast: 16.14

Optimistic: 16.47

Tencent Music Entertainment stock forecast for 18.06.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 16.25 Negative intraday dynamics of the instrument is expected with 1.313% volatility is expected.

Pessimistic forecast: 16.12

Optimistic: 16.33

Tencent Music Entertainment stock forecast for 19.06.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 16.07 Negative intraday dynamics of the instrument is expected with 2.189% volatility is expected.

Pessimistic forecast: 15.94

Optimistic: 16.29

Tencent Music Entertainment stock forecast for 20.06.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 15.99 Negative intraday dynamics of the instrument is expected with 2.325% volatility is expected.

Pessimistic forecast: 15.85

Optimistic: 16.23

Tencent Music Entertainment stock forecast for 21.06.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 16.30 Positive intraday dynamics of the instrument is expected with 2.647% volatility is expected.

Pessimistic forecast: 16.06

Optimistic: 16.50

TME Forecast for 2021

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Jul	15.92	15.06	17.15	12.15 %
Aug	17.55	16.43	19.06	13.81 %
Sep	16.92	15.33	18.52	17.21 %
Oct	16.23	15.14	17.63	14.14 %
Nov	16.83	15.84	17.48	9.36 %
Dec	17.35	16.56	18.10	8.51 %

Detailed forecast for 2021

Tencent Music Entertainment stock forecast for this year

Tencent Music Entertainment share price average forecast for Jul 2021 is: 15.9239 The dynamics are negative.
Tencent Music Entertainment share price average forecast for Aug 2021 is: 17.5481 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Sep 2021 is: 16.9164 The dynamics are negative.
Tencent Music Entertainment share price average forecast for Oct 2021 is: 16.2262 The dynamics are negative.
Tencent Music Entertainment share price average forecast for Nov 2021 is: 16.8298 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Dec 2021 is: 17.3549 The dynamics are positive.

Tencent Music Entertainment stock Forecast for 2022

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Jan	17.54	16.91	19.06	11.27 %
Feb	17.46	16.89	18.67	9.54 %
Mar	18.40	17.10	19.73	13.32 %
Apr	17.72	17.01	18.97	10.31 %
May	15.99	14.82	16.86	12.07 %
Jun	16.65	15.61	17.75	12.05 %
Jul	16.95	16.46	18.09	9.00 %
Aug	18.55	17.48	20.31	13.92 %
Sep	19.29	17.44	21.12	17.43 %
Oct	20.12	19.06	21.18	10.03 %
Nov	20.24	19.71	21.77	9.48 %
Dec	20.75	20.03	21.72	7.79 %

Detailed forecast for 2022

Tencent Music Entertainment stock Forecast for 2023

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Jan	21.77	20.49	23.42	12.50 %
Feb	22.53	21.96	24.59	10.67 %
Mar	23.50	21.73	24.89	12.69 %
Apr	24.46	23.20	26.34	11.92 %
May	22.82	22.27	24.82	10.26 %
Jun	24.30	22.46	25.35	11.39 %
Jul	25.52	24.48	27.45	10.82 %
Aug	26.50	24.15	27.58	12.45 %
Sep	25.20	23.02	27.53	16.37 %
Oct	24.87	23.85	26.03	8.37 %
Nov	26.21	24.57	28.47	13.70 %
Dec	23.66	21.45	25.90	17.21 %

Detailed forecast for 2023

Tencent Music Entertainment stock Forecast for 2024

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Jan	25.02	23.76	27.01	12.01 %
Feb	27.85	26.88	29.82	9.86 %
Mar	28.51	26.91	29.27	8.07 %
Apr	30.36	28.21	32.00	11.84 %
May	32.44	31.43	34.58	9.12 %
Jun	34.31	32.46	35.17	7.73 %
Jul	35.58	34.39	38.32	10.25 %
Aug	36.05	33.98	37.40	9.14 %
Sep	34.89	31.91	36.14	11.70 %
Oct	31.37	29.41	34.31	14.26 %
Nov	29.49	28.53	30.41	6.17 %
Dec	31.04	28.96	32.53	10.99 %

Detailed forecast for 2024

Tencent Music Entertainment stock Forecast for 2025

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Jan	31.34	30.48	32.36	5.81 %
Feb	29.65	27.69	31.78	12.87 %
Mar	32.28	31.12	33.10	5.97 %
Apr	32.01	29.21	32.78	10.90 %
May	33.93	32.55	36.58	11.02 %
Jun	33.04	31.89	34.90	8.63 %
Jul	34.38	31.99	37.40	14.45 %
Aug	32.36	31.12	33.49	7.07 %
Sep	35.78	32.43	38.96	16.75 %
Oct	34.41	33.37	36.80	9.31 %
Nov	34.98	32.97	35.82	7.97 %
Dec	36.58	34.30	38.33	10.53 %

Detailed forecast for 2025

Tencent Music Entertainment overview

Tencent Music Entertainment Address

Matsunichi Building, Shenzhen, China, 518057

Market Capitalization

27 114 971 136 $

EBITDA

4 854 000 128

PE Ratio

40.9719

PEG Ratio

3.9785

Dividend Per Share

None

Dividend Yield

EPS

0.391

Quarterly Earnings Growth YOY

0.038

Quarterly Revenue Growth YOY

0.24

Trailing PE

40.9719

Forward PE

35.8423

EV To Revenue

0.7619

EV To EBITDA

4.8373

52 Week High

32.248

52 Week Low

12.18

50 Day Moving Average

15.9815

200 Day Moving Average

20.9227

Shares Outstanding

1692569984

Shares Float

617006452

Shares Short Prior Month

21124364

Short Ratio

1.4

Percent Insiders

9.757

Percent Institutions

66.511

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