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Tencent Music Entertainment (TME) stock Forecast for 2023, 2024, 2025, 2026
The forecast has been updated: October 3, 2023 9:28
Tencent Music Entertainment stock price online today
Analyst Target Price
8.65Dividend Date
-Ex Dividend Date
-Last Split Factor
Last Split Date
01.01.1970Should 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 2023, 2024, 2025?
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 $8.65 target price for Tencent Music Entertainment stock stock.
Today 200 Day Moving Average is the resistance level (7.53 $).
50 Day Moving Average is the resistance level (6.87 $).
Tencent Music Entertainment stock monthly Forecast
| Date | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| 05 Oct 23 | 6.42 | 6.36 | 6.52 | 2.56 % |
| 06 Oct 23 | 6.47 | 6.38 | 6.54 | 2.51 % |
| 07 Oct 23 | 6.49 | 6.40 | 6.55 | 2.31 % |
| 08 Oct 23 | 6.41 | 6.35 | 6.44 | 1.43 % |
| 09 Oct 23 | 6.51 | 6.47 | 6.59 | 1.89 % |
| 10 Oct 23 | 6.56 | 6.47 | 6.63 | 2.43 % |
| 11 Oct 23 | 6.60 | 6.57 | 6.66 | 1.43 % |
| 12 Oct 23 | 6.63 | 6.54 | 6.66 | 1.80 % |
| 13 Oct 23 | 6.56 | 6.50 | 6.61 | 1.67 % |
| 14 Oct 23 | 6.61 | 6.56 | 6.69 | 1.87 % |
| 15 Oct 23 | 6.54 | 6.46 | 6.64 | 2.71 % |
| 16 Oct 23 | 6.53 | 6.43 | 6.56 | 1.97 % |
| 17 Oct 23 | 6.48 | 6.39 | 6.58 | 3.04 % |
| 18 Oct 23 | 6.42 | 6.35 | 6.52 | 2.77 % |
| 19 Oct 23 | 6.43 | 6.34 | 6.46 | 1.84 % |
| 20 Oct 23 | 6.45 | 6.35 | 6.51 | 2.52 % |
| 21 Oct 23 | 6.49 | 6.45 | 6.60 | 2.19 % |
| 22 Oct 23 | 6.56 | 6.49 | 6.62 | 2.08 % |
| 23 Oct 23 | 6.49 | 6.41 | 6.54 | 2.13 % |
| 24 Oct 23 | 6.51 | 6.48 | 6.54 | 0.86 % |
| 25 Oct 23 | 6.50 | 6.43 | 6.58 | 2.32 % |
| 26 Oct 23 | 6.38 | 6.35 | 6.44 | 1.45 % |
| 27 Oct 23 | 6.41 | 6.37 | 6.46 | 1.41 % |
| 28 Oct 23 | 6.35 | 6.30 | 6.38 | 1.37 % |
| 29 Oct 23 | 6.38 | 6.35 | 6.46 | 1.67 % |
| 30 Oct 23 | 6.39 | 6.35 | 6.47 | 1.97 % |
| 31 Oct 23 | 6.35 | 6.28 | 6.42 | 2.22 % |
| 01 Nov 23 | 6.41 | 6.31 | 6.47 | 2.48 % |
| 02 Nov 23 | 6.31 | 6.21 | 6.39 | 2.92 % |
| 03 Nov 23 | 6.32 | 6.23 | 6.37 | 2.19 % |
TME daily forecast for this month
Estimated Average Forecasted Tencent Music Entertainment Price: 6.42 Positive intraday dynamics of the instrument is expected with 2.500% volatility is expected.
Pessimistic forecast: 6.36
Optimistic: 6.52
Tencent Music Entertainment stock forecast for 06.10.2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.47 Positive intraday dynamics of the instrument is expected with 2.452% volatility is expected.
Pessimistic forecast: 6.38
Optimistic: 6.54
Tencent Music Entertainment stock forecast for 07.10.2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.49 Positive intraday dynamics of the instrument is expected with 2.260% volatility is expected.
Pessimistic forecast: 6.40
Optimistic: 6.55
Tencent Music Entertainment stock forecast for 08.10.2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.41 Negative intraday dynamics of the instrument is expected with 1.413% volatility is expected.
Pessimistic forecast: 6.35
Optimistic: 6.44
Tencent Music Entertainment stock forecast for 09.10.2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.51 Positive intraday dynamics of the instrument is expected with 1.856% volatility is expected.
Pessimistic forecast: 6.47
Optimistic: 6.59
TME Forecast for 2023
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Nov | 6.86 | 6.65 | 7.21 | 7.76 % |
| Dec | 7.16 | 6.75 | 7.42 | 9.03 % |
Tencent Music Entertainment stock forecast for this year
Tencent Music Entertainment share price average forecast for Nov 2023 is: 6.85734 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Dec 2023 is: 7.16181 The dynamics are positive.
Tencent Music Entertainment stock Forecast for 2024
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 7.14 | 6.86 | 7.43 | 7.61 % |
| Feb | 6.77 | 6.35 | 7.05 | 9.90 % |
| Mar | 7.08 | 6.71 | 7.51 | 10.64 % |
| Apr | 7.48 | 7.30 | 8.12 | 10.06 % |
| May | 7.25 | 6.75 | 7.91 | 14.74 % |
| Jun | 7.15 | 6.87 | 7.45 | 7.72 % |
| Jul | 7.29 | 6.62 | 7.50 | 11.78 % |
| Aug | 7.15 | 6.70 | 7.34 | 8.77 % |
| Sep | 7.15 | 6.71 | 7.80 | 13.98 % |
| Oct | 7.57 | 7.39 | 7.78 | 5.02 % |
| Nov | 7.58 | 7.14 | 7.99 | 10.70 % |
| Dec | 7.96 | 7.73 | 8.16 | 5.27 % |
Tencent Music Entertainment stock Forecast for 2025
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 8.51 | 7.78 | 8.90 | 12.51 % |
| Feb | 9.06 | 8.38 | 9.31 | 10.04 % |
| Mar | 9.22 | 8.70 | 9.74 | 10.68 % |
| Apr | 9.99 | 9.60 | 10.83 | 11.29 % |
| May | 10.74 | 10.23 | 11.28 | 9.37 % |
| Jun | 9.71 | 9.06 | 10.46 | 13.37 % |
| Jul | 8.57 | 7.80 | 8.93 | 12.67 % |
| Aug | 8.48 | 7.88 | 9.10 | 13.42 % |
| Sep | 8.43 | 7.72 | 9.21 | 16.24 % |
| Oct | 8.14 | 7.91 | 8.62 | 8.27 % |
| Nov | 8.96 | 8.74 | 9.73 | 10.17 % |
| Dec | 9.76 | 9.50 | 10.41 | 8.77 % |
Tencent Music Entertainment stock Forecast for 2026
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 9.75 | 9.24 | 10.48 | 11.83 % |
| Feb | 9.70 | 9.40 | 10.01 | 6.16 % |
| Mar | 9.74 | 9.08 | 10.61 | 14.42 % |
| Apr | 8.99 | 8.73 | 9.56 | 8.69 % |
| May | 9.13 | 8.73 | 9.65 | 9.53 % |
| Jun | 9.68 | 9.42 | 10.36 | 9.08 % |
| Jul | 9.15 | 8.35 | 9.97 | 16.20 % |
| Aug | 9.83 | 9.50 | 10.13 | 6.17 % |
| Sep | 10.25 | 9.62 | 10.98 | 12.43 % |
| Oct | 10.09 | 9.81 | 10.37 | 5.37 % |
| Nov | 11.23 | 10.74 | 12.28 | 12.51 % |
| Dec | 12.37 | 11.69 | 12.96 | 9.85 % |
Tencent Music Entertainment stock Forecast for 2027
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 13.66 | 12.76 | 14.50 | 11.99 % |
| Feb | 14.22 | 13.01 | 14.80 | 12.11 % |
| Mar | 14.29 | 13.48 | 15.57 | 13.43 % |
| Apr | 14.53 | 14.09 | 15.47 | 8.90 % |
| May | 14.47 | 13.21 | 15.85 | 16.66 % |
| Jun | 13.64 | 12.90 | 14.62 | 11.75 % |
| Jul | 13.67 | 12.36 | 14.46 | 14.52 % |
| Aug | 14.54 | 13.97 | 15.73 | 11.21 % |
| Sep | 14.91 | 13.98 | 16.13 | 13.31 % |
| Oct | 15.48 | 15.11 | 15.95 | 5.24 % |
| Nov | 14.72 | 14.03 | 15.16 | 7.46 % |
| Dec | 15.02 | 13.89 | 15.56 | 10.77 % |
Tencent Music Entertainment overview
Tencent Music Entertainment Address
UNIT 3, BUILDING D, KEXING SCIENCE PARK, KEJIZHONGSAN AVENUE, HI-TECH PARK, NANSHAN DISTRICT, SHENZHEN, CHINAMarket Capitalization
12 067 029 000 $EBITDA
5 413 000 000PE Ratio
18PEG Ratio
1.383Dividend Per Share
0Dividend Yield
0EPS
0.39Quarterly Earnings Growth YOY
0.577Quarterly Revenue Growth YOY
0.055Trailing PE
18Forward PE
18.15EV To Revenue
0.396EV To EBITDA
3.00152 Week High
9.2952 Week Low
3.1450 Day Moving Average
6.87200 Day Moving Average
7.53Shares Outstanding
1716080000Shares Float
Shares Short Prior Month
Short Ratio
Percent Insiders
Percent Institutions
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