Tencent Music Entertainment (TME) stock forecast for 2024. Forecast tables and graphs.







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Tencent Music Entertainment (TME) stock forecast for 2024

Updated: March 26, 2024 (09:34)

Sector: Communication services

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

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 resistance level today.

For Tencent Music Entertainment stocks, the 200-day moving average is the resistance 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. How much will one Tencent Music Entertainment share be worth in 2024? Is it worth taking profit / loss on TME stock now or waiting? What are analysts' forecasts for Tencent Music Entertainment stock?

We forecast Tencent Music Entertainment stock performance using neural networks based on historical data on TME stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Tencent Music Entertainment Group stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Tencent Music Entertainment analysts is $11.59. Today 200 Day Moving Average is the support level (7.96 $). 50 Day Moving Average is the support level (9.84 $).




Historical and forecast chart of Tencent Music Entertainment Group stock

The chart below shows the historical price of Tencent Music Entertainment stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the TME stock price can be found in the table below.


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 (TME) Forecast 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 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

Tencent Music Entertainment price target for 2024 by month


Target values for the price of one Tencent Music Entertainment share for Apr 2024.

The weighted average target price per Tencent Music Entertainment share in Apr 2024 is: 10.51.
In Apr, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 11.780% volatility is expected.
Pessimistic target level: 10.10
Optimistic target level: 11.45

Target values for the price of one Tencent Music Entertainment share for May 2024.

The weighted average target price per Tencent Music Entertainment share in May 2024 is: 10.72.
In May, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 15.336% volatility is expected.
Pessimistic target level: 9.73
Optimistic target level: 11.49

Target values for the price of one Tencent Music Entertainment share for Jun 2024.

The weighted average target price per Tencent Music Entertainment share in Jun 2024 is: 10.27.
In Jun, the Negative dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 13.521% volatility is expected.
Pessimistic target level: 9.62
Optimistic target level: 11.12

Target values for the price of one Tencent Music Entertainment share for Jul 2024.

The weighted average target price per Tencent Music Entertainment share in Jul 2024 is: 9.78.
In Jul, the Negative dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 13.136% volatility is expected.
Pessimistic target level: 9.16
Optimistic target level: 10.54

Target values for the price of one Tencent Music Entertainment share for Aug 2024.

The weighted average target price per Tencent Music Entertainment share in Aug 2024 is: 10.00.
In Aug, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 12.231% volatility is expected.
Pessimistic target level: 9.47
Optimistic target level: 10.79

Target values for the price of one Tencent Music Entertainment share for Sep 2024.

The weighted average target price per Tencent Music Entertainment share in Sep 2024 is: 10.71.
In Sep, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 6.889% volatility is expected.
Pessimistic target level: 10.25
Optimistic target level: 11.01

Target values for the price of one Tencent Music Entertainment share for Oct 2024.

The weighted average target price per Tencent Music Entertainment share in Oct 2024 is: 11.02.
In Oct, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 12.182% volatility is expected.
Pessimistic target level: 10.20
Optimistic target level: 11.61

Target values for the price of one Tencent Music Entertainment share for Nov 2024.

The weighted average target price per Tencent Music Entertainment share in Nov 2024 is: 11.03.
In Nov, the Positive dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 13.478% volatility is expected.
Pessimistic target level: 10.20
Optimistic target level: 11.79

Target values for the price of one Tencent Music Entertainment share for Dec 2024.

The weighted average target price per Tencent Music Entertainment share in Dec 2024 is: 10.66.
In Dec, the Negative dynamics for Tencent Music Entertainment Group shares will prevail with possible monthly volatility of 6.771% volatility is expected.
Pessimistic target level: 10.39
Optimistic target level: 11.15



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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.