Tencent Music Entertainment (TME) Stock Forecast for 2024–2028. Sell or Buy Prediction.







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Tencent Music Entertainment (TME) Stock Forecast for 2024–2028. Sell or Buy?

Updated: June 23, 2024 (07:54)

Sector: Communication services

The share price of Tencent Music Entertainment Group (TME) now

Latest session on the 21st of June for
Tencent Music Entertainment Group is negative
Trading Volume: 7529514
Open: 13.93 /  High: 14.12 /  Low: 13.77
What analysts predict: $15.66
52-week High/Low: $15.63 / $5.65

50/200 Day Moving Average: $13.66 / $9.88

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 support 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., %
Jun 25 14.23 14.06 14.45 2.79
Jun 26 14.21 14.08 14.27 1.33
Jun 27 14.17 14.03 14.36 2.34
Jun 28 13.99 13.80 14.13 2.39
Jun 29 14.04 13.83 14.15 2.29
Jun 30 14.30 14.08 14.51 3.05
Jul 01 14.37 14.26 14.45 1.33
Jul 02 14.39 14.29 14.59 2.07
Jul 03 14.66 14.47 14.74 1.82
Jul 04 14.70 14.51 14.83 2.21
Jul 05 14.58 14.37 14.79 2.94
Jul 06 14.67 14.51 14.73 1.56
Jul 07 14.59 14.47 14.81 2.32
Jul 08 14.80 14.59 14.97 2.60
Jul 09 14.99 14.90 15.08 1.23
Jul 10 14.98 14.92 15.17 1.67
Jul 11 15.00 14.79 15.20 2.82
Jul 12 14.98 14.92 15.09 1.14
Jul 13 14.81 14.69 15.01 2.12
Jul 14 14.77 14.71 14.93 1.51
Jul 15 14.73 14.57 14.79 1.52
Jul 16 14.50 14.38 14.56 1.31
Jul 17 14.61 14.51 14.81 2.05
Jul 18 14.84 14.61 14.98 2.50
Jul 19 14.84 14.74 15.00 1.81
Jul 20 15.00 14.81 15.07 1.78
Jul 21 14.91 14.80 14.97 1.21
Jul 22 14.85 14.64 15.00 2.47
Jul 23 14.87 14.79 14.95 1.09
Jul 24 14.82 14.67 14.96 1.98

Tencent Music Entertainment Daily Price Targets


Tencent Music Entertainment Stock Forecast 06-25-2024.

Forecast target price for 06-25-2024: $14.23.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.718%.
Pessimistic target level: 14.06
Optimistic target level: 14.45

Tencent Music Entertainment Stock Forecast 06-26-2024.

Forecast target price for 06-26-2024: $14.21.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.314%.
Pessimistic target level: 14.08
Optimistic target level: 14.27

Tencent Music Entertainment Stock Forecast 06-27-2024.

Forecast target price for 06-27-2024: $14.17.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.289%.
Pessimistic target level: 14.03
Optimistic target level: 14.36

Tencent Music Entertainment Stock Forecast 06-28-2024.

Forecast target price for 06-28-2024: $13.99.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.336%.
Pessimistic target level: 13.80
Optimistic target level: 14.13

Tencent Music Entertainment Stock Forecast 06-29-2024.

Forecast target price for 06-29-2024: $14.04.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.243%.
Pessimistic target level: 13.83
Optimistic target level: 14.15

Tencent Music Entertainment Stock Forecast 06-30-2024.

Forecast target price for 06-30-2024: $14.30.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.957%.
Pessimistic target level: 14.08
Optimistic target level: 14.51

TME (TME) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jul. 14.62 13.44 15.30 12.15
Aug. 14.55 13.83 15.03 8.01
Sep. 14.35 13.65 15.28 10.71
Oct. 14.87 13.62 16.21 15.96
Nov. 13.91 12.64 14.37 12.07
Dec. 13.44 12.17 14.52 16.22

Tencent Music Entertainment forecast for this year


Tencent Music Entertainment Stock Prediction for Jul 2024

An uptrend is forecast for this month with an optimal target price of $14.6152. Pessimistic: $13.44. Optimistic: $15.30


Tencent Music Entertainment Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $14.5451. Pessimistic: $13.83. Optimistic: $15.03


Tencent Music Entertainment Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $14.3531. Pessimistic: $13.65. Optimistic: $15.28


Tencent Music Entertainment Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $14.8698. Pessimistic: $13.62. Optimistic: $16.21


Tencent Music Entertainment Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $13.9062. Pessimistic: $12.64. Optimistic: $14.37


Tencent Music Entertainment Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $13.439. Pessimistic: $12.17. Optimistic: $14.52



Tencent Music Entertainment (TME) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 13.50 12.43 14.28 12.94
Feb 13.75 12.61 14.57 13.47
Mar 14.03 12.80 15.32 16.48
Apr 14.92 13.67 15.85 13.78
May 14.02 13.59 14.81 8.29
Jun 14.38 13.65 15.65 12.79
Jul 15.48 14.33 16.19 11.48
Aug 16.95 16.12 17.95 10.20
Sep 16.71 15.24 17.11 10.90
Oct 18.35 16.81 20.07 16.24
Nov 19.16 17.78 20.27 12.25
Dec 18.63 17.76 20.20 12.07

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 20.09 19.53 21.08 7.32
Feb 20.71 19.25 21.34 9.79
Mar 21.19 19.56 22.69 13.78
Apr 19.92 18.98 21.71 12.55
May 18.94 17.46 19.82 11.92
Jun 20.69 19.25 21.48 10.40
Jul 22.03 20.47 22.77 10.10
Aug 22.71 21.90 24.35 10.07
Sep 23.26 22.20 25.35 12.44
Oct 24.24 22.69 24.99 9.19
Nov 25.49 23.74 27.84 14.72
Dec 22.43 21.43 22.99 6.79

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 20.62 19.56 22.01 11.13
Feb 21.44 19.85 23.11 14.14
Mar 22.65 22.00 23.36 5.82
Apr 24.53 22.94 25.20 8.99
May 26.29 24.87 26.92 7.62
Jun 26.01 24.07 28.04 14.14
Jul 24.60 22.42 26.14 14.23
Aug 26.05 24.14 28.14 14.22
Sep 26.86 25.06 28.99 13.57
Oct 25.06 23.79 27.04 12.01
Nov 23.07 21.77 24.29 10.37
Dec 23.49 21.46 25.74 16.64

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 22.95 22.29 24.47 8.89
Feb 24.85 24.05 25.96 7.35
Mar 26.91 24.49 28.82 15.02
Apr 28.30 25.96 30.03 13.57
May 31.70 29.22 32.57 10.28
Jun 32.65 29.79 33.63 11.42
Jul 34.17 32.37 35.90 9.82
Aug 37.33 35.00 39.80 12.05
Sep 35.85 33.01 38.26 13.72
Oct 33.75 32.41 34.96 7.30
Nov 34.76 32.63 37.89 13.87
Dec 32.80 30.95 35.00 11.58

Tencent Music Entertainment information and performance

Tencent Music Entertainment Address

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

Market Capitalization: 24 163 189 000 $

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: 6 217 500 000 $

EBITDA of Tencent Music Entertainment is earnings before interest, income tax and depreciation of assets.

PE Ratio: 30.46

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.464

Price/earnings to growth

DPS: 0.972

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.

DY: 0.0098

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 0.46

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.278
Quarterly Revenue Growth YOY: -0.034
Trailing PE: 30.46

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 PE: 18.15

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 0.645

Enterprise Value (EV) /Revenue

EV To EBITDA: 2.894

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 1716080000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

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 Factor:

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.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.