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: March 28, 2024 (09:27)

Sector: Communication services

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

Latest session on the 28th of March for
Tencent Music Entertainment Group is positive
Trading Volume: 6011602
Open: 11.12 /  High: 11.35 /  Low: 11.06
What analysts predict: $11.59
52-week High/Low: $11.8 / $5.7

50/200 Day Moving Average: $9.84 / $7.96

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., %
Mar 30 11.16 11.10 11.23 1.23
Mar 31 11.07 10.91 11.16 2.33
Apr 01 11.13 10.97 11.28 2.86
Apr 02 11.06 10.92 11.15 2.07
Apr 03 10.99 10.92 11.10 1.71
Apr 04 10.92 10.84 11.01 1.59
Apr 05 10.92 10.80 11.07 2.55
Apr 06 10.90 10.75 11.03 2.58
Apr 07 10.83 10.70 10.88 1.68
Apr 08 10.69 10.58 10.77 1.84
Apr 09 10.56 10.51 10.64 1.23
Apr 10 10.77 10.66 10.84 1.72
Apr 11 10.83 10.74 10.90 1.53
Apr 12 10.87 10.77 10.92 1.37
Apr 13 10.95 10.81 11.06 2.31
Apr 14 10.86 10.75 10.97 2.06
Apr 15 10.80 10.75 10.85 0.90
Apr 16 10.87 10.72 11.01 2.62
Apr 17 10.93 10.79 11.03 2.23
Apr 18 10.73 10.63 10.87 2.26
Apr 19 10.81 10.74 10.89 1.43
Apr 20 10.60 10.55 10.73 1.75
Apr 21 10.66 10.50 10.72 2.11
Apr 22 10.77 10.69 10.84 1.41
Apr 23 10.79 10.70 10.90 1.88
Apr 24 10.72 10.66 10.83 1.59
Apr 25 10.73 10.67 10.79 1.15
Apr 26 10.64 10.57 10.81 2.28
Apr 27 10.74 10.68 10.91 2.13
Apr 28 10.67 10.62 10.72 0.94

Tencent Music Entertainment Daily Price Targets


Tencent Music Entertainment Stock Forecast 03-30-2024.

Forecast target price for 03-30-2024: $11.16.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.213%.
Pessimistic target level: 11.10
Optimistic target level: 11.23

Tencent Music Entertainment Stock Forecast 03-31-2024.

Forecast target price for 03-31-2024: $11.07.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.281%.
Pessimistic target level: 10.91
Optimistic target level: 11.16

Tencent Music Entertainment Stock Forecast 04-01-2024.

Forecast target price for 04-01-2024: $11.13.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.781%.
Pessimistic target level: 10.97
Optimistic target level: 11.28

Tencent Music Entertainment Stock Forecast 04-02-2024.

Forecast target price for 04-02-2024: $11.06.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.024%.
Pessimistic target level: 10.92
Optimistic target level: 11.15

Tencent Music Entertainment Stock Forecast 04-03-2024.

Forecast target price for 04-03-2024: $10.99.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.683%.
Pessimistic target level: 10.92
Optimistic target level: 11.10

Tencent Music Entertainment Stock Forecast 04-04-2024.

Forecast target price for 04-04-2024: $10.92.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.566%.
Pessimistic target level: 10.84
Optimistic target level: 11.01

TME (TME) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Apr. 10.51 10.10 11.45 11.78
May. 10.72 9.73 11.49 15.34
Jun. 10.27 9.62 11.12 13.52
Jul. 9.78 9.16 10.54 13.14
Aug. 10.00 9.47 10.79 12.23
Sep. 10.71 10.25 11.01 6.89
Oct. 11.02 10.20 11.61 12.18
Nov. 11.03 10.20 11.79 13.48
Dec. 10.66 10.39 11.15 6.77

Tencent Music Entertainment forecast for this year


Tencent Music Entertainment Stock Prediction for Apr 2024

An downtrend is forecast for this month with an optimal target price of $10.5078. Pessimistic: $10.10. Optimistic: $11.45


Tencent Music Entertainment Stock Prediction for May 2024

An uptrend is forecast for this month with an optimal target price of $10.7221. Pessimistic: $9.73. Optimistic: $11.49


Tencent Music Entertainment Stock Prediction for Jun 2024

An downtrend is forecast for this month with an optimal target price of $10.2718. Pessimistic: $9.62. Optimistic: $11.12


Tencent Music Entertainment Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $9.77874. Pessimistic: $9.16. Optimistic: $10.54


Tencent Music Entertainment Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $10.0017. Pessimistic: $9.47. Optimistic: $10.79


Tencent Music Entertainment Stock Prediction for Sep 2024

An uptrend is forecast for this month with an optimal target price of $10.7098. Pessimistic: $10.25. Optimistic: $11.01


Tencent Music Entertainment Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $11.0183. Pessimistic: $10.20. Optimistic: $11.61


Tencent Music Entertainment Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $11.0315. Pessimistic: $10.20. Optimistic: $11.79


Tencent Music Entertainment Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $10.6608. Pessimistic: $10.39. Optimistic: $11.15



Tencent Music Entertainment (TME) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 10.11 9.75 10.95 10.97
Feb 9.54 8.77 10.33 15.07
Mar 9.27 8.49 10.06 15.59
Apr 9.32 8.43 10.16 17.06
May 9.65 8.89 10.04 11.41
Jun 10.79 9.85 11.69 15.74
Jul 11.49 10.88 11.88 8.36
Aug 11.86 11.19 12.46 10.17
Sep 11.65 11.01 12.29 10.46
Oct 12.19 11.30 12.88 12.27
Nov 10.78 10.22 11.12 8.14
Dec 10.08 9.12 10.88 16.12

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 9.99 9.51 10.82 12.08
Feb 9.86 9.47 10.35 8.46
Mar 9.64 9.14 9.90 7.71
Apr 9.50 8.85 9.78 9.55
May 9.80 9.43 10.30 8.45
Jun 10.52 10.24 11.15 8.15
Jul 10.74 10.44 11.42 8.58
Aug 11.29 10.22 11.64 12.22
Sep 10.14 9.23 10.38 11.13
Oct 10.36 9.40 10.76 12.60
Nov 11.59 11.17 12.48 10.48
Dec 11.44 10.74 11.83 9.28

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 11.67 11.39 12.72 10.46
Feb 11.54 10.88 12.53 13.16
Mar 12.33 11.28 13.15 14.18
Apr 13.64 12.36 14.91 17.12
May 15.27 14.65 16.57 11.61
Jun 17.10 15.54 18.36 15.32
Jul 16.06 14.80 16.46 10.07
Aug 16.15 15.48 16.60 6.77
Sep 15.71 14.48 16.95 14.57
Oct 15.43 14.07 16.41 14.22
Nov 15.68 14.55 16.61 12.35
Dec 16.00 15.45 16.47 6.18

Tencent Music Entertainment (TME) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 16.64 15.72 17.62 10.77
Feb 17.20 16.76 17.82 5.91
Mar 16.74 15.30 17.93 14.68
Apr 15.76 14.43 16.17 10.76
May 14.95 14.34 15.63 8.26
Jun 16.56 15.33 17.00 9.82
Jul 15.55 14.97 16.76 10.69
Aug 16.25 15.61 16.90 7.62
Sep 14.32 13.74 15.06 8.79
Oct 12.71 11.82 13.50 12.42
Nov 13.41 12.49 14.00 10.80
Dec 14.66 13.45 15.72 14.44

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: 19 484 428 000 $

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: 5 881 000 000 $

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

PE Ratio: 26.07

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

PEG Ratio: 1.405

Price/earnings to growth

DPS: None

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: None

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

EPS: 0.42

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

Quarterly Earnings Growth YOY: 0.162
Quarterly Revenue Growth YOY: -0.072
Trailing PE: 26.07

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: 17.42

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

EV To Revenue: 0.61

Enterprise Value (EV) /Revenue

EV To EBITDA: 2.942

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



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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.