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

The forecast has been updated: September 23, 2022 9:28


Tencent Music Entertainment stock price online today

Analyst Target Price

12.46

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

Last Split Date

01.01.1970

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 2022, 2023, 2024?

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 $12.46 target price for Tencent Music Entertainment stock stock.

Today 200 Day Moving Average is the resistance level (5.13 $).

50 Day Moving Average is the resistance level (4.599 $).




Tencent Music Entertainment stock monthly Forecast

Date Rate Forecast MIN Rate MAX Rate Volati-
lity, %
25 Sep 22 4.19 4.13 4.22 2.34 %
26 Sep 22 4.17 4.11 4.20 2.26 %
27 Sep 22 4.21 4.15 4.25 2.39 %
28 Sep 22 4.18 4.14 4.22 2.04 %
29 Sep 22 4.20 4.14 4.26 2.80 %
30 Sep 22 4.27 4.25 4.34 2.25 %
01 Oct 22 4.26 4.21 4.31 2.29 %
02 Oct 22 4.24 4.19 4.29 2.27 %
03 Oct 22 4.21 4.16 4.24 1.92 %
04 Oct 22 4.18 4.13 4.21 1.97 %
05 Oct 22 4.17 4.14 4.24 2.36 %
06 Oct 22 4.24 4.22 4.27 1.04 %
07 Oct 22 4.32 4.26 4.35 2.09 %
08 Oct 22 4.34 4.28 4.36 1.95 %
09 Oct 22 4.32 4.26 4.35 2.17 %
10 Oct 22 4.30 4.26 4.34 1.77 %
11 Oct 22 4.33 4.27 4.37 2.42 %
12 Oct 22 4.34 4.30 4.39 2.02 %
13 Oct 22 4.35 4.28 4.42 3.09 %
14 Oct 22 4.32 4.28 4.38 2.30 %
15 Oct 22 4.30 4.26 4.33 1.51 %
16 Oct 22 4.25 4.22 4.28 1.27 %
17 Oct 22 4.28 4.25 4.34 2.20 %
18 Oct 22 4.36 4.32 4.42 2.22 %
19 Oct 22 4.35 4.30 4.40 2.30 %
20 Oct 22 4.31 4.29 4.36 1.75 %
21 Oct 22 4.26 4.24 4.29 1.19 %
22 Oct 22 4.25 4.22 4.27 1.35 %
23 Oct 22 4.16 4.13 4.20 1.55 %
24 Oct 22 4.19 4.13 4.24 2.72 %

TME daily forecast for this month


Tencent Music Entertainment stock forecast for 25.09.2022.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.19 Negative intraday dynamics of the instrument is expected with 2.282% volatility is expected.

Pessimistic forecast: 4.13

Optimistic: 4.22


Tencent Music Entertainment stock forecast for 26.09.2022.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.17 Negative intraday dynamics of the instrument is expected with 2.205% volatility is expected.

Pessimistic forecast: 4.11

Optimistic: 4.20


Tencent Music Entertainment stock forecast for 27.09.2022.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.21 Positive intraday dynamics of the instrument is expected with 2.335% volatility is expected.

Pessimistic forecast: 4.15

Optimistic: 4.25


Tencent Music Entertainment stock forecast for 28.09.2022.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.18 Negative intraday dynamics of the instrument is expected with 2.002% volatility is expected.

Pessimistic forecast: 4.14

Optimistic: 4.22


Tencent Music Entertainment stock forecast for 29.09.2022.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.20 Positive intraday dynamics of the instrument is expected with 2.720% volatility is expected.

Pessimistic forecast: 4.14

Optimistic: 4.26


TME Forecast for 2022

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Oct 4.44 4.03 4.60 12.39 %
Nov 4.65 4.44 4.98 10.86 %
Dec 4.41 4.27 4.81 11.23 %

Tencent Music Entertainment stock forecast for this year


Tencent Music Entertainment share price average forecast for Oct 2022 is: 4.44404 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Nov 2022 is: 4.64669 The dynamics are positive.
Tencent Music Entertainment share price average forecast for Dec 2022 is: 4.4125 The dynamics are negative.


Tencent Music Entertainment stock Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 4.13 3.83 4.45 13.93 %
Feb 4.25 3.85 4.60 16.31 %
Mar 4.58 4.29 4.81 10.84 %
Apr 4.60 4.29 4.97 13.68 %
May 4.83 4.46 5.25 15.10 %
Jun 5.07 4.79 5.41 11.48 %
Jul 4.69 4.25 4.81 11.59 %
Aug 4.96 4.49 5.41 17.05 %
Sep 4.65 4.48 4.82 7.16 %
Oct 4.84 4.48 4.97 9.94 %
Nov 5.36 4.89 5.51 11.31 %
Dec 5.97 5.83 6.37 8.55 %

Tencent Music Entertainment stock Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 5.61 5.31 6.02 11.75 %
Feb 6.20 5.68 6.58 13.68 %
Mar 5.86 5.65 6.07 6.95 %
Apr 6.56 6.22 7.18 13.37 %
May 6.06 5.66 6.46 12.38 %
Jun 5.66 5.23 5.85 10.67 %
Jul 5.58 5.19 5.93 12.42 %
Aug 5.47 5.01 5.93 15.52 %
Sep 6.03 5.55 6.42 13.62 %
Oct 5.69 5.15 6.14 16.23 %
Nov 6.03 5.62 6.32 11.09 %
Dec 6.06 5.68 6.23 8.88 %



Tencent Music Entertainment stock Forecast for 2025

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 5.36 4.91 5.51 10.86 %
Feb 4.89 4.70 5.14 8.45 %
Mar 4.68 4.27 5.13 16.77 %
Apr 4.25 4.14 4.49 7.62 %
May 4.66 4.23 5.01 15.43 %
Jun 4.56 4.43 4.68 5.38 %
Jul 4.87 4.57 5.26 13.12 %
Aug 4.81 4.43 5.12 13.52 %
Sep 5.32 4.97 5.81 14.39 %
Oct 5.34 5.18 5.81 10.81 %
Nov 5.48 5.02 5.70 11.99 %
Dec 5.40 5.02 5.57 9.88 %

Tencent Music Entertainment stock Forecast for 2026

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 5.48 5.30 5.91 10.34 %
Feb 4.93 4.55 5.35 14.94 %
Mar 5.09 4.75 5.45 12.78 %
Apr 5.15 4.79 5.36 10.71 %
May 5.51 5.29 5.76 8.16 %
Jun 5.53 5.36 5.73 6.37 %
Jul 6.03 5.60 6.28 10.83 %
Aug 5.68 5.22 6.05 13.75 %
Sep 5.34 4.83 5.76 16.12 %
Oct 5.24 4.86 5.72 15.05 %
Nov 4.96 4.75 5.31 10.52 %
Dec 4.87 4.44 5.25 15.47 %

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

8 085 531 000 $

EBITDA

3 469 000 000

PE Ratio

19.88

PEG Ratio

1.336

Dividend Per Share

0

Dividend Yield

0

EPS

0.24

Quarterly Earnings Growth YOY

0.083

Quarterly Revenue Growth YOY

-0.138

Trailing PE

19.88

Forward PE

14.56

EV To Revenue

0.189

EV To EBITDA

1.605

52 Week High

9.1

52 Week Low

2.95

50 Day Moving Average

4.599

200 Day Moving Average

5.13

Shares Outstanding

1695080000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions



Other Communication services sector assets

Name Symbol Last Close Price Change
McAfee Corp
MCFE 25.99 (16.09.2022) 0.00 %
Activision Blizzard, Inc.
ATVI 77.03 (22.09.2022) 2.27 %
Airbnb, Inc.
ABNB 114.01 (21.09.2022) -2.31 %
Alphabet Inc.
GOOG 100.01 (21.09.2022) -1.79 %
Alphabet Inc.
GOOGL 99.28 (21.09.2022) -1.84 %
AMC Entertainment Holdings, Inc.
AMC 7.85 (22.09.2022) -8.72 %
AT&T Inc.
T 16.24 (22.09.2022) -0.06 %
Baidu, Inc.
BIDU 119.57 (21.09.2022) -5.22 %
Charter Communications, Inc.
CHTR 333.96 (22.09.2022) -5.40 %
China Mobile Limited
CHL 27.51 (29.09.2021) 0.00 %
China Telecom Corp. Lim.
CHA 25.23 (09.02.2021) -4.61 %
CLOUDFLARE, INC
NET 61.6 (21.09.2022) 0.77 %
COINBASE GLOBAL, INC
COIN 67.64 (21.09.2022) -0.44 %
Comcast Corp.
CMCSA 32.7 (21.09.2022) -3.37 %
Digital World Acquisition
DWAC 17.9 (21.09.2022) -3.82 %
Discovery, Inc.
DISCA 24.43 (16.09.2022) 0.00 %
DISH Network Corp.
DISH 16.01 (21.09.2022) -0.93 %
Electronic Arts Inc.
EA 117.42 (22.09.2022) -0.06 %
Facebook, Inc.
FB 196.64 (08.06.2022) 0.51 %
Genius Brands International, Inc.
GNUS 0.669 (21.09.2022) -4.25 %
Lumen Technologies, Inc.
LUMN 8.32 (22.09.2022) -1.65 %
Momo Inc.
MOMO 4.74 (22.09.2022) -1.46 %
Netflix, Inc.
NFLX 236.87 (21.09.2022) -2.46 %
News Corp.
NWS 16.33 (21.09.2022) -3.14 %
Pinterest, Inc.
PINS 23.21 (22.09.2022) -2.93 %
Robinhood Markets, Inc.
HOOD 9.92 (21.09.2022) -0.20 %
Roku, Inc.
ROKU 60.89 (22.09.2022) -7.22 %
Snap Inc.
SNAP 10.85 (21.09.2022) -2.43 %
Spotify Technology S.A.
SPOT 95.39 (21.09.2022) -1.92 %
T-Mobile US, Inc.
TMUS 135.05 (22.09.2022) -1.26 %
Take-Two Interactive Software, Inc.
TTWO 114.74 (22.09.2022) -2.70 %
Tencent Music Entertainment Group
TME 4.23 (22.09.2022) -1.63 %
The E.W. Scripps Company
SSP 13.19 (22.09.2022) -5.85 %
Twilio Inc.
TWLO 69.77 (22.09.2022) -4.16 %
Twitter, Inc.
TWTR 41.27 (21.09.2022) -0.98 %
Verizon Communications Inc.
VZ 39.93 (22.09.2022) 1.14 %
Walt Disney Company
DIS 104.49 (21.09.2022) -2.86 %
Zillow Group, Inc.
ZG 31.4 (21.09.2022) -3.06 %
Zoom Video Communications, Inc.
ZM 74.54 (22.09.2022) -1.84 %


Denial of responsibility:

The portal leoprophet.com is not responsible for the loss of your money as a result of your use of the information contained on the site, including data, quotes, charts and forecasts. Operations in the stock, foreign exchange and commodity markets involve a high level of risk, and you are solely responsible for your operations. Only speculate with money that you can afford to lose. All prices and forecasts for stocks, indices, futures are indicative and should not be trade dependent. The portal is not responsible for any losses that you may incur as a result of using this data.