Should I Buy 01698? 01698 2026 Analysis

Should You Buy TME-SW (01698) Today? Analysis, Price Targets, and 2026 Outlook.

No data

Growth

Profitability

Efficiency

0 Analyst Rating

Wall Street analysts forecast 01698 stock price to rise

0 Buy

0 Hold

0 Sell

Current: 36.140

Low

Averages

High

Current: 36.140

Low

Averages

High

CLSA

Outperform

maintain

$60.3

AI Analysis

2026-05-19

Reason

CLSA

Price Target

$60.3

AI Analysis

2026-05-19

maintain

Outperform

Reason

CLSA issued a positive rating for Tencent Music Entertainment Group (TME) following its acquisition of Ximalaya, believing the deal will enhance TME's revenue streams and content ecosystem. Although the acquisition may dilute operating margins due to Ximalaya's cost structure, it is expected to provide cross-selling opportunities and improve gross margins. CLSA maintains an Outperform rating with target prices of HKD60.3 for H-shares and USD15.4 for US shares.

JPMorgan

Neutral

downgrade

$48 -> $40

2026-05-15

Reason

JPMorgan

Price Target

$48 -> $40

2026-05-15

downgrade

Neutral

Reason

JPMorgan lowered its earnings forecasts for TME-SW for 2026 and 2027 by about 3% due to a slowdown in paid conversion among price-sensitive users, despite resilience in premium SVIP and non-subscription IP businesses. The 1Q results confirmed negative expectations for the streaming business while supporting positive views on the IP business and non-subscription monetization. The risk-reward profile is considered balanced, leading to a price target cut from HKD48 to HKD40 and a 'Neutral' rating.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for 01698

Unlock Now

01698 Should I Buy

01698 Should I Buy

Should You Buy TME-SW (01698) Today? Analysis, Price Targets, and 2026 Outlook.

No data

No data

Growth

Profitability

Efficiency

People Also Watch