April 24, 2024 Google’s Third Cookie Phaseout Delay Amid Regulatory Hurdles
April 19, 2024 Bitcoin Halving: Catalyst for New Price Heights?
April 18, 2024 EU Moves Toward Single Capital Market Union
Amazon: The Margin Train Is Gaining Speed
Amazon Web Services Expands Bedrock GenAI Service
Why Microsoft Stands Out As A Pre-Earnings Buy
Wall Street Lunch: Big Tech Bearishness?
April 23, 2024 Maximizing Profits: When is the Right Time to Sell Your Business?
April 12, 2024 Improve Your Financial Status: A How-To Guide
April 12, 2024 How ZIM Integrated Container Tracking is Revolutionizing Global Trade
March 15, 2024 6 Best Growth Stocks To Buy Now According to Metatrader 5
Tencent Music Entertainment (TME) Stock Forecast for 2024–2028. Sell or Buy?
Updated: April 25, 2024 (09:27)
Sector: Communication servicesThe share price of Tencent Music Entertainment Group (TME) now
50/200 Day Moving Average: $10.72 / $8.32
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., % |
|---|---|---|---|---|
| Apr 27 | 12.62 | 12.54 | 12.77 | 1.89 |
| Apr 28 | 12.51 | 12.35 | 12.68 | 2.63 |
| Apr 29 | 12.30 | 12.12 | 12.48 | 2.96 |
| Apr 30 | 12.24 | 12.13 | 12.36 | 1.86 |
| May 01 | 12.48 | 12.31 | 12.54 | 1.88 |
| May 02 | 12.51 | 12.35 | 12.60 | 2.03 |
| May 03 | 12.47 | 12.37 | 12.56 | 1.57 |
| May 04 | 12.38 | 12.29 | 12.57 | 2.28 |
| May 05 | 12.14 | 12.03 | 12.19 | 1.31 |
| May 06 | 11.98 | 11.84 | 12.05 | 1.76 |
| May 07 | 11.82 | 11.63 | 11.93 | 2.56 |
| May 08 | 11.97 | 11.86 | 12.04 | 1.45 |
| May 09 | 11.91 | 11.82 | 12.07 | 2.10 |
| May 10 | 12.09 | 12.00 | 12.23 | 1.95 |
| May 11 | 12.09 | 12.01 | 12.25 | 1.97 |
| May 12 | 12.14 | 12.03 | 12.26 | 1.96 |
| May 13 | 12.14 | 12.08 | 12.26 | 1.49 |
| May 14 | 12.15 | 12.10 | 12.23 | 1.06 |
| May 15 | 11.95 | 11.86 | 12.13 | 2.28 |
| May 16 | 11.75 | 11.61 | 11.81 | 1.68 |
| May 17 | 11.81 | 11.70 | 11.86 | 1.43 |
| May 18 | 11.58 | 11.45 | 11.73 | 2.43 |
| May 19 | 11.67 | 11.60 | 11.85 | 2.17 |
| May 20 | 11.90 | 11.84 | 11.96 | 1.00 |
| May 21 | 12.12 | 11.97 | 12.22 | 2.06 |
| May 22 | 12.28 | 12.12 | 12.47 | 2.90 |
| May 23 | 12.17 | 12.00 | 12.35 | 2.90 |
| May 24 | 12.11 | 11.96 | 12.15 | 1.64 |
| May 25 | 12.17 | 12.01 | 12.34 | 2.78 |
| May 26 | 12.08 | 11.95 | 12.17 | 1.84 |
Tencent Music Entertainment Daily Price Targets
Tencent Music Entertainment Stock Forecast 04-27-2024.
Forecast target price for 04-27-2024: $12.62.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.857%.
Pessimistic target level: 12.54
Optimistic target level: 12.77
Tencent Music Entertainment Stock Forecast 04-28-2024.
Forecast target price for 04-28-2024: $12.51.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.566%.
Pessimistic target level: 12.35
Optimistic target level: 12.68
Tencent Music Entertainment Stock Forecast 04-29-2024.
Forecast target price for 04-29-2024: $12.30.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 2.878%.
Pessimistic target level: 12.12
Optimistic target level: 12.48
Tencent Music Entertainment Stock Forecast 04-30-2024.
Forecast target price for 04-30-2024: $12.24.
Negative dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.823%.
Pessimistic target level: 12.13
Optimistic target level: 12.36
Tencent Music Entertainment Stock Forecast 05-01-2024.
Forecast target price for 05-01-2024: $12.48.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.850%.
Pessimistic target level: 12.31
Optimistic target level: 12.54
Tencent Music Entertainment Stock Forecast 05-02-2024.
Forecast target price for 05-02-2024: $12.51.
Positive dynamics for Tencent Music Entertainment shares will prevail with possible volatility of 1.985%.
Pessimistic target level: 12.35
Optimistic target level: 12.60
TME (TME) Monthly Stock Prediction for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May. | 13.06 | 12.32 | 14.08 | 12.47 |
| Jun. | 13.56 | 13.17 | 14.81 | 11.10 |
| Jul. | 14.37 | 13.08 | 15.17 | 13.76 |
| Aug. | 14.79 | 14.33 | 15.57 | 7.98 |
| Sep. | 14.66 | 14.21 | 15.54 | 8.60 |
| Oct. | 16.32 | 15.46 | 17.61 | 12.23 |
| Nov. | 18.12 | 16.40 | 19.27 | 14.89 |
| Dec. | 18.94 | 17.33 | 20.40 | 15.04 |
Tencent Music Entertainment forecast for this year
Tencent Music Entertainment Stock Prediction for May 2024
An uptrend is forecast for this month with an optimal target price of $13.0583. Pessimistic: $12.32. Optimistic: $14.08
Tencent Music Entertainment Stock Prediction for Jun 2024
An uptrend is forecast for this month with an optimal target price of $13.5597. Pessimistic: $13.17. Optimistic: $14.81
Tencent Music Entertainment Stock Prediction for Jul 2024
An uptrend is forecast for this month with an optimal target price of $14.3733. Pessimistic: $13.08. Optimistic: $15.17
Tencent Music Entertainment Stock Prediction for Aug 2024
An uptrend is forecast for this month with an optimal target price of $14.7873. Pessimistic: $14.33. Optimistic: $15.57
Tencent Music Entertainment Stock Prediction for Sep 2024
An downtrend is forecast for this month with an optimal target price of $14.6631. Pessimistic: $14.21. Optimistic: $15.54
Tencent Music Entertainment Stock Prediction for Oct 2024
An uptrend is forecast for this month with an optimal target price of $16.3171. Pessimistic: $15.46. Optimistic: $17.61
Tencent Music Entertainment Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $18.1185. Pessimistic: $16.40. Optimistic: $19.27
Tencent Music Entertainment Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $18.9447. Pessimistic: $17.33. Optimistic: $20.40
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2025
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 18.99 | 17.85 | 20.52 | 13.00 |
| Feb | 20.29 | 19.36 | 21.04 | 7.98 |
| Mar | 20.22 | 18.42 | 21.65 | 14.90 |
| Apr | 20.31 | 18.41 | 21.14 | 12.91 |
| May | 22.65 | 21.67 | 23.20 | 6.56 |
| Jun | 23.82 | 21.79 | 25.42 | 14.28 |
| Jul | 22.39 | 20.91 | 24.01 | 12.87 |
| Aug | 23.58 | 22.90 | 24.68 | 7.22 |
| Sep | 22.44 | 20.80 | 23.33 | 10.85 |
| Oct | 21.58 | 20.34 | 23.55 | 13.64 |
| Nov | 22.31 | 21.08 | 23.30 | 9.54 |
| Dec | 21.00 | 19.26 | 22.18 | 13.18 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2026
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 21.12 | 19.55 | 22.77 | 14.14 |
| Feb | 21.40 | 19.71 | 22.02 | 10.50 |
| Mar | 19.99 | 19.08 | 21.31 | 10.47 |
| Apr | 21.38 | 20.28 | 22.58 | 10.22 |
| May | 22.17 | 21.22 | 23.19 | 8.49 |
| Jun | 22.81 | 20.68 | 24.73 | 16.38 |
| Jul | 23.91 | 22.44 | 25.83 | 13.11 |
| Aug | 22.65 | 21.72 | 23.41 | 7.20 |
| Sep | 23.62 | 22.77 | 24.42 | 6.73 |
| Oct | 23.31 | 22.02 | 25.19 | 12.55 |
| Nov | 24.57 | 22.24 | 26.66 | 16.59 |
| Dec | 24.78 | 24.09 | 25.67 | 6.14 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2027
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 23.77 | 21.97 | 25.56 | 14.06 |
| Feb | 26.56 | 25.73 | 27.77 | 7.35 |
| Mar | 26.72 | 25.66 | 28.32 | 9.40 |
| Apr | 29.38 | 27.27 | 30.44 | 10.42 |
| May | 31.00 | 29.07 | 32.38 | 10.23 |
| Jun | 34.69 | 33.31 | 37.18 | 10.41 |
| Jul | 36.68 | 34.88 | 37.83 | 7.80 |
| Aug | 32.55 | 31.73 | 35.51 | 10.67 |
| Sep | 32.23 | 29.41 | 34.48 | 14.70 |
| Oct | 30.76 | 27.85 | 31.50 | 11.60 |
| Nov | 29.10 | 26.59 | 29.87 | 10.99 |
| Dec | 28.72 | 27.44 | 30.30 | 9.44 |
Tencent Music Entertainment (TME) Monthly Stock Prediction for 2028
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 30.44 | 27.52 | 31.68 | 13.14 |
| Feb | 28.76 | 26.17 | 29.49 | 11.24 |
| Mar | 31.97 | 29.63 | 33.58 | 11.77 |
| Apr | 30.44 | 29.34 | 31.28 | 6.19 |
| May | 33.03 | 30.45 | 35.41 | 13.99 |
| Jun | 32.44 | 31.58 | 33.99 | 7.10 |
| Jul | 32.09 | 29.70 | 34.78 | 14.61 |
| Aug | 33.20 | 30.73 | 34.80 | 11.68 |
| Sep | 33.36 | 31.56 | 34.16 | 7.62 |
| Oct | 29.84 | 28.48 | 31.52 | 9.66 |
| Nov | 26.83 | 24.90 | 27.99 | 11.04 |
| Dec | 27.99 | 26.28 | 30.47 | 13.78 |
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.
