Tencent Music Entertainment (TME) stock forecast for 2023

The forecast has been updated: February 7, 2023 9:28


Tencent Music Entertainment stock price online today

Analyst Target Price

8.67

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell Tencent Music Entertainment stock stock today? What is the projected target price level for 2023? How much will it cost in 2023? Tencent Music Entertainment stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 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.

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

To date, analysts have a $8.67 target price for Tencent Music Entertainment stock stock.

Today 200 Day Moving Average is the support level (5.29 $).

50 Day Moving Average is the support level (8.03 $).




TME Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Mar 4.01 3.86 4.23 8.86 %
Apr 4.01 3.91 4.30 8.96 %
May 4.05 3.93 4.34 9.63 %
Jun 3.88 3.57 4.21 15.15 %
Jul 3.68 3.58 3.93 8.86 %
Aug 3.84 3.53 3.96 10.93 %
Sep 4.00 3.64 4.21 13.55 %
Oct 4.08 3.82 4.30 11.17 %
Nov 3.94 3.77 4.22 10.65 %
Dec 3.62 3.47 3.82 9.10 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Tencent Music Entertainment stock.


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

14 396 263 000 $

EBITDA

3 837 000 000

PE Ratio

31.19

PEG Ratio

1.383

Dividend Per Share

0

Dividend Yield

0

EPS

0.27

Quarterly Earnings Growth YOY

0.5

Quarterly Revenue Growth YOY

-0.056

Trailing PE

31.19

Forward PE

18.15

EV To Revenue

0.396

EV To EBITDA

3.001

52 Week High

9.29

52 Week Low

2.95

50 Day Moving Average

8.03

200 Day Moving Average

5.29

Shares Outstanding

1695080000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Tencent Music Entertainment stock forecast for this year


Tencent Music Entertainment stock forecast for Mar 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.01. Positive monthly dynamics of the instrument is expected with 8.860% volatility is expected.

Pessimistic forecast: 3.86

Optimistic: 4.23


Tencent Music Entertainment stock forecast for Apr 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.01. Negative monthly dynamics of the instrument is expected with 8.955% volatility is expected.

Pessimistic forecast: 3.91

Optimistic: 4.30


Tencent Music Entertainment stock forecast for May 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.05. Positive monthly dynamics of the instrument is expected with 9.627% volatility is expected.

Pessimistic forecast: 3.93

Optimistic: 4.34


Tencent Music Entertainment stock forecast for Jun 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 3.88. Negative monthly dynamics of the instrument is expected with 15.149% volatility is expected.

Pessimistic forecast: 3.57

Optimistic: 4.21


Tencent Music Entertainment stock forecast for Jul 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 3.68. Negative monthly dynamics of the instrument is expected with 8.863% volatility is expected.

Pessimistic forecast: 3.58

Optimistic: 3.93


Tencent Music Entertainment stock forecast for Aug 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 3.84. Positive monthly dynamics of the instrument is expected with 10.926% volatility is expected.

Pessimistic forecast: 3.53

Optimistic: 3.96


Tencent Music Entertainment stock forecast for Sep 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.00. Positive monthly dynamics of the instrument is expected with 13.548% volatility is expected.

Pessimistic forecast: 3.64

Optimistic: 4.21


Tencent Music Entertainment stock forecast for Oct 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 4.08. Positive monthly dynamics of the instrument is expected with 11.170% volatility is expected.

Pessimistic forecast: 3.82

Optimistic: 4.30


Tencent Music Entertainment stock forecast for Nov 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 3.94. Negative monthly dynamics of the instrument is expected with 10.646% volatility is expected.

Pessimistic forecast: 3.77

Optimistic: 4.22


Tencent Music Entertainment stock forecast for Dec 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 3.62. Negative monthly dynamics of the instrument is expected with 9.098% volatility is expected.

Pessimistic forecast: 3.47

Optimistic: 3.82



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