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Tencent Music Entertainment (TME) Stock Forecast for 2024–2028. Sell or Buy?
Updated: July 27, 2024 (05:16)
Sector: Communication servicesThe share price of Tencent Music Entertainment Group (TME) now
50/200 Day Moving Average: $14.64 / $10.79
This figure corresponds to the Average Price over the previous 50/200 days. For Tencent Music Entertainment stocks, the 50-day moving average is the resistance level today.
For Tencent Music Entertainment stocks, the 200-day moving average is the support level today.
Are you interested in Tencent Music Entertainment Group stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Tencent Music Entertainment stock price in 2024, 2025, 2026, 2027, 2028. How much will one Tencent Music Entertainment share be worth in 2024 - 2028?
When should I take profit in Tencent Music Entertainment stock? When should I record a loss on Tencent Music Entertainment stock? What are analysts' forecasts for Tencent Music Entertainment stock? What is the future of Tencent Music Entertainment stock? We forecast Tencent Music Entertainment stock performance using neural networks based on historical data on Tencent Music Entertainment stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
Tencent Music Entertainment stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Tencent Music Entertainment shares. This happens once a day.
Historical and forecast chart of Tencent Music Entertainment stock
The chart below shows the historical price of Tencent Music Entertainment stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Tencent Music Entertainment stock price can be found in the table below.
Long-term forecasts by years.
Tencent Music Entertainment Group is an online music entertainment platform in China, supporting the top four music mobile apps in terms of active users in Q3 2018. The platform includes online music, online karaoke and music streaming services i.e. it brings all musical entertainment together in one place, allowing users to easily listen, sing, watch shows and communicate with each other. The company has developed not just a music streaming platform, but an all-encompassing social network for music lovers.
Tencent Music Entertainment daily forecast for a month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jul 29 | 14.14 | 13.92 | 14.31 | 2.81 |
| Jul 30 | 14.16 | 14.08 | 14.28 | 1.43 |
| Jul 31 | 14.11 | 14.02 | 14.19 | 1.21 |
| Aug 01 | 14.03 | 13.87 | 14.20 | 2.35 |
| Aug 02 | 13.90 | 13.74 | 13.99 | 1.80 |
| Aug 03 | 13.78 | 13.63 | 13.97 | 2.49 |
| Aug 04 | 13.68 | 13.59 | 13.79 | 1.47 |
| Aug 05 | 13.65 | 13.55 | 13.81 | 1.89 |
| Aug 06 | 13.92 | 13.83 | 14.03 | 1.43 |
| Aug 07 | 13.75 | 13.65 | 13.95 | 2.22 |
| Aug 08 | 13.83 | 13.62 | 14.04 | 3.07 |
| Aug 09 | 13.94 | 13.84 | 14.16 | 2.32 |
| Aug 10 | 13.95 | 13.79 | 14.12 | 2.37 |
| Aug 11 | 13.82 | 13.62 | 14.00 | 2.80 |
| Aug 12 | 13.97 | 13.83 | 14.07 | 1.74 |
| Aug 13 | 13.85 | 13.70 | 14.05 | 2.55 |
| Aug 14 | 13.85 | 13.74 | 13.97 | 1.71 |
| Aug 15 | 13.71 | 13.51 | 13.91 | 3.03 |
| Aug 16 | 13.76 | 13.69 | 13.95 | 1.91 |
| Aug 17 | 13.52 | 13.40 | 13.66 | 1.96 |
| Aug 18 | 13.40 | 13.31 | 13.51 | 1.47 |
| Aug 19 | 13.49 | 13.32 | 13.64 | 2.41 |
| Aug 20 | 13.61 | 13.51 | 13.75 | 1.83 |
| Aug 21 | 13.47 | 13.38 | 13.59 | 1.61 |
| Aug 22 | 13.36 | 13.17 | 13.57 | 3.04 |
| Aug 23 | 13.62 | 13.50 | 13.81 | 2.30 |
| Aug 24 | 13.46 | 13.29 | 13.61 | 2.37 |
| Aug 25 | 13.20 | 13.06 | 13.34 | 2.16 |
| Aug 26 | 13.27 | 13.15 | 13.35 | 1.53 |
| Aug 27 | 13.39 | 13.30 | 13.46 | 1.21 |
Tencent Music Entertainment Daily Price Targets
Tencent Music Entertainment Stock Forecast 07-29-2024.
Forecast target price for 07-29-2024: $14.14.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.729%.
Pessimistic target level: 13.92
Optimistic target level: 14.31
Tencent Music Entertainment Stock Forecast 07-30-2024.
Forecast target price for 07-30-2024: $14.16.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.409%.
Pessimistic target level: 14.08
Optimistic target level: 14.28
Tencent Music Entertainment Stock Forecast 07-31-2024.
Forecast target price for 07-31-2024: $14.11.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.193%.
Pessimistic target level: 14.02
Optimistic target level: 14.19
Tencent Music Entertainment Stock Forecast 08-01-2024.
Forecast target price for 08-01-2024: $14.03.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.292%.
Pessimistic target level: 13.87
Optimistic target level: 14.20
Tencent Music Entertainment Stock Forecast 08-02-2024.
Forecast target price for 08-02-2024: $13.90.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.768%.
Pessimistic target level: 13.74
Optimistic target level: 13.99
Tencent Music Entertainment Stock Forecast 08-03-2024.
Forecast target price for 08-03-2024: $13.78.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.426%.
Pessimistic target level: 13.63
Optimistic target level: 13.97
TME (TME) Monthly Stock Prediction for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Aug. | 15.71 | 14.73 | 16.22 | 9.18 |
| Sep. | 16.35 | 15.74 | 17.59 | 10.49 |
| Oct. | 15.58 | 14.65 | 16.59 | 11.72 |
| Nov. | 15.02 | 14.36 | 15.73 | 8.71 |
| Dec. | 13.74 | 13.41 | 14.82 | 9.46 |
Tencent Music Entertainment forecast for this year
Tencent Music Entertainment Stock Prediction for Aug 2024
An uptrend is forecast for this month with an optimal target price of $15.7092. Pessimistic: $14.73. Optimistic: $16.22
Tencent Music Entertainment Stock Prediction for Sep 2024
An uptrend is forecast for this month with an optimal target price of $16.3501. Pessimistic: $15.74. Optimistic: $17.59
Tencent Music Entertainment Stock Prediction for Oct 2024
An downtrend is forecast for this month with an optimal target price of $15.5849. Pessimistic: $14.65. Optimistic: $16.59
Tencent Music Entertainment Stock Prediction for Nov 2024
An downtrend is forecast for this month with an optimal target price of $15.0239. Pessimistic: $14.36. Optimistic: $15.73
Tencent Music Entertainment Stock Prediction for Dec 2024
An downtrend is forecast for this month with an optimal target price of $13.7438. Pessimistic: $13.41. Optimistic: $14.82
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2025
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 15.29 | 14.08 | 16.23 | 13.23 |
| Feb | 15.26 | 14.07 | 15.66 | 10.17 |
| Mar | 16.12 | 15.34 | 17.41 | 11.88 |
| Apr | 16.91 | 15.43 | 17.95 | 14.02 |
| May | 17.60 | 17.07 | 19.23 | 11.20 |
| Jun | 16.25 | 15.25 | 17.40 | 12.33 |
| Jul | 16.74 | 16.03 | 17.26 | 7.10 |
| Aug | 15.89 | 15.40 | 16.33 | 5.72 |
| Sep | 15.53 | 14.79 | 16.82 | 12.08 |
| Oct | 17.15 | 15.79 | 18.00 | 12.24 |
| Nov | 17.73 | 17.18 | 18.58 | 7.56 |
| Dec | 19.83 | 19.00 | 20.93 | 9.21 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2026
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 20.38 | 19.13 | 21.92 | 12.72 |
| Feb | 19.70 | 18.73 | 21.16 | 11.50 |
| Mar | 18.14 | 16.79 | 19.25 | 12.78 |
| Apr | 16.29 | 15.72 | 17.52 | 10.26 |
| May | 16.38 | 15.76 | 17.94 | 12.17 |
| Jun | 16.19 | 14.89 | 16.75 | 11.13 |
| Jul | 15.64 | 14.69 | 16.32 | 10.01 |
| Aug | 15.08 | 14.32 | 16.19 | 11.52 |
| Sep | 14.79 | 14.33 | 15.84 | 9.53 |
| Oct | 14.15 | 13.17 | 14.49 | 9.14 |
| Nov | 13.97 | 13.50 | 14.85 | 9.14 |
| Dec | 13.73 | 12.97 | 14.62 | 11.27 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2027
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 13.12 | 12.55 | 13.66 | 8.07 |
| Feb | 12.16 | 11.02 | 12.51 | 11.90 |
| Mar | 11.59 | 11.31 | 12.05 | 6.12 |
| Apr | 12.75 | 11.69 | 13.17 | 11.26 |
| May | 13.08 | 12.17 | 14.29 | 14.83 |
| Jun | 13.84 | 12.86 | 14.32 | 10.20 |
| Jul | 14.62 | 13.53 | 15.62 | 13.37 |
| Aug | 14.48 | 13.64 | 14.98 | 8.93 |
| Sep | 15.61 | 14.46 | 16.45 | 12.07 |
| Oct | 15.81 | 15.22 | 16.55 | 8.02 |
| Nov | 15.74 | 15.36 | 16.38 | 6.23 |
| Dec | 14.75 | 13.66 | 15.73 | 13.17 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2028
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 14.28 | 13.23 | 15.25 | 13.25 |
| Feb | 13.62 | 12.45 | 14.10 | 11.71 |
| Mar | 14.79 | 13.79 | 15.32 | 9.96 |
| Apr | 15.73 | 14.31 | 17.07 | 16.14 |
| May | 17.56 | 16.12 | 18.15 | 11.15 |
| Jun | 18.72 | 17.14 | 19.21 | 10.76 |
| Jul | 18.94 | 18.46 | 19.53 | 5.47 |
| Aug | 19.01 | 17.53 | 20.58 | 14.85 |
| Sep | 18.16 | 17.58 | 19.08 | 7.88 |
| Oct | 20.34 | 19.68 | 22.03 | 10.64 |
| Nov | 19.56 | 18.84 | 20.85 | 9.68 |
| Dec | 19.54 | 18.51 | 20.01 | 7.50 |
Tencent Music Entertainment information and performance
17/F, MALATA BUILDING, KEJIZHONGYI ROAD, MIDWEST DISTRICT OF HI-TECH PARK, NANSHAN DISTRICT, SHENZHEN, CHINA
Market capitalization of the Tencent Music Entertainment Group is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of TME shares in the company outstanding by the market price of one share.
EBITDA of Tencent Music Entertainment is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Tencent Music Entertainment (TME) stock dividend
Tencent Music Entertainment last paid dividends on 05/31/2024. The next scheduled payment will be on 06/27/2024. The amount of dividends is $0.972 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
