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

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 %

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 %

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 %



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 %

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 %

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

0

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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