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: September 27, 2021 9:27


Tencent Music Entertainment stock price online today

Analyst Target Price

12.52

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 $12.52 target price for Tencent Music Entertainment stock stock.

Today 200 Day Moving Average is the resistance level (15.35 $).

50 Day Moving Average is the resistance level (9.02 $).




Tencent Music Entertainment stock monthly Forecast

Date Rate Forecast MIN Rate MAX Rate Volati-
lity, %
29 Sep 21 7.02 6.96 7.09 2.00 %
30 Sep 21 6.97 6.92 7.05 1.83 %
01 Oct 21 6.89 6.81 6.93 1.78 %
02 Oct 21 6.96 6.87 7.07 2.90 %
03 Oct 21 7.07 7.04 7.16 1.69 %
04 Oct 21 7.06 7.00 7.13 1.88 %
05 Oct 21 7.09 7.02 7.17 2.12 %
06 Oct 21 7.08 6.99 7.19 2.77 %
07 Oct 21 6.96 6.92 7.03 1.57 %
08 Oct 21 6.95 6.86 7.05 2.78 %
09 Oct 21 6.88 6.83 6.94 1.69 %
10 Oct 21 6.83 6.78 6.86 1.11 %
11 Oct 21 6.84 6.74 6.87 1.93 %
12 Oct 21 6.84 6.80 6.92 1.79 %
13 Oct 21 6.80 6.73 6.86 1.88 %
14 Oct 21 6.86 6.77 6.92 2.33 %
15 Oct 21 7.00 6.92 7.03 1.64 %
16 Oct 21 7.10 7.07 7.19 1.71 %
17 Oct 21 6.99 6.93 7.05 1.65 %
18 Oct 21 6.96 6.92 7.01 1.29 %
19 Oct 21 6.91 6.84 6.94 1.54 %
20 Oct 21 6.92 6.88 6.96 1.15 %
21 Oct 21 6.94 6.87 7.01 1.94 %
22 Oct 21 6.92 6.89 6.98 1.39 %
23 Oct 21 7.05 6.97 7.14 2.43 %
24 Oct 21 6.99 6.94 7.04 1.35 %
25 Oct 21 6.90 6.80 6.98 2.72 %
26 Oct 21 6.85 6.77 6.89 1.82 %
27 Oct 21 6.76 6.67 6.80 1.97 %
28 Oct 21 6.80 6.71 6.86 2.33 %

TME daily forecast for this month


Tencent Music Entertainment stock forecast for 29.09.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 7.02 Negative intraday dynamics of the instrument is expected with 1.958% volatility is expected.

Pessimistic forecast: 6.96

Optimistic: 7.09


Tencent Music Entertainment stock forecast for 30.09.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.97 Negative intraday dynamics of the instrument is expected with 1.800% volatility is expected.

Pessimistic forecast: 6.92

Optimistic: 7.05


Tencent Music Entertainment stock forecast for 01.10.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.89 Negative intraday dynamics of the instrument is expected with 1.750% volatility is expected.

Pessimistic forecast: 6.81

Optimistic: 6.93


Tencent Music Entertainment stock forecast for 02.10.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 6.96 Positive intraday dynamics of the instrument is expected with 2.816% volatility is expected.

Pessimistic forecast: 6.87

Optimistic: 7.07


Tencent Music Entertainment stock forecast for 03.10.2021.
Estimated Average Forecasted Tencent Music Entertainment Price: 7.07 Positive intraday dynamics of the instrument is expected with 1.659% volatility is expected.

Pessimistic forecast: 7.04

Optimistic: 7.16


TME Forecast for 2021

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Oct 7.71 7.09 7.90 10.20 %
Nov 8.50 7.97 8.78 9.18 %
Dec 8.68 8.34 8.98 7.08 %

Tencent Music Entertainment stock forecast for this year


Tencent Music Entertainment share price average forecast for Oct 2021 is: 7.71383 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Nov 2021 is: 8.50064 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Dec 2021 is: 8.68426 The dynamics are positive.


Tencent Music Entertainment stock Forecast for 2022

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 8.15 7.81 8.81 11.33 %
Feb 7.29 6.75 7.64 11.68 %
Mar 7.95 7.41 8.66 14.42 %
Apr 8.70 8.01 9.21 13.03 %
May 8.83 8.43 9.20 8.29 %
Jun 8.73 8.49 9.30 8.68 %
Jul 9.18 8.83 9.78 9.69 %
Aug 8.62 8.05 8.86 9.11 %
Sep 9.03 8.72 9.40 7.26 %
Oct 8.97 8.60 9.27 7.20 %
Nov 9.30 9.02 9.83 8.18 %
Dec 9.11 8.39 9.80 14.39 %

Tencent Music Entertainment stock Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 9.98 9.17 10.28 10.72 %
Feb 9.81 9.02 10.13 10.93 %
Mar 9.55 9.16 10.44 12.29 %
Apr 10.58 10.09 10.99 8.20 %
May 10.78 10.33 11.24 8.06 %
Jun 9.75 9.46 10.17 7.02 %
Jul 9.60 8.94 10.46 14.53 %
Aug 9.95 9.42 10.22 7.83 %
Sep 10.41 9.76 10.88 10.33 %
Oct 10.51 10.23 11.10 7.84 %
Nov 11.20 10.30 12.22 15.73 %
Dec 11.98 10.89 12.70 14.26 %



Tencent Music Entertainment stock Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 10.73 9.96 11.10 10.32 %
Feb 9.52 9.21 9.99 7.78 %
Mar 9.71 9.47 10.62 10.86 %
Apr 9.75 8.84 10.11 12.61 %
May 9.37 8.54 9.71 12.05 %
Jun 9.42 8.56 9.88 13.38 %
Jul 9.17 8.48 9.41 9.94 %
Aug 9.27 9.04 10.12 10.67 %
Sep 10.23 9.55 10.89 12.28 %
Oct 11.43 11.06 11.84 6.60 %
Nov 10.88 10.48 11.52 9.07 %
Dec 10.76 10.09 11.49 12.14 %

Tencent Music Entertainment stock Forecast for 2025

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 11.09 10.12 12.07 16.20 %
Feb 11.06 10.01 12.07 17.05 %
Mar 10.77 10.34 11.53 10.31 %
Apr 10.13 9.43 10.96 13.98 %
May 10.12 9.73 10.51 7.40 %
Jun 9.82 8.92 10.62 15.98 %
Jul 10.29 9.60 10.75 10.69 %
Aug 10.62 9.86 11.03 10.63 %
Sep 11.41 10.51 11.99 12.34 %
Oct 12.69 11.71 13.30 11.91 %
Nov 13.28 12.40 13.87 10.57 %
Dec 14.64 13.65 15.43 11.50 %

Tencent Music Entertainment overview

Tencent Music Entertainment Address

17/F, MALATA BUILDING, KEJIZHONGYI ROAD, MIDWEST DISTRICT OF HI-TECH PARK, NANSHAN DISTRICT, SHENZHEN, China

Market Capitalization

12 558 870 000 $

EBITDA

4 856 000 000

PE Ratio

19.84

PEG Ratio

0.639

Dividend Per Share

None

Dividend Yield

0

EPS

0.374

Quarterly Earnings Growth YOY

-0.154

Quarterly Revenue Growth YOY

0.155

Trailing PE

19.84

Forward PE

19.8

EV To Revenue

0.337

EV To EBITDA

2.256

52 Week High

32.25

52 Week Low

7.03

50 Day Moving Average

9.02

200 Day Moving Average

15.35

Shares Outstanding

1692570000

Shares Float

614702000

Shares Short Prior Month

20251600

Short Ratio

1.27

Percent Insiders

9.76

Percent Institutions

59.68


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