Should You Buy TME-SW (01698) Today? Analysis, Price Targets, and 2026 Outlook.
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Growth
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Wall Street analysts forecast 01698 stock price to rise
0 Analyst Rating
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Wall Street analysts forecast 01698 stock price to rise
0 Buy
0 Hold
0 Sell
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Current: 37.300
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Current: 37.300
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China Merchants Securities
Overweight
to
NULL
downgrade
AI Analysis
2026-03-19
Reason
China Merchants Securities
Price Target
AI Analysis
2026-03-19
downgrade
Overweight
to
NULL
Reason
The analyst rating for Tencent Music (TME) remains Overweight despite a drop in the target price from USD 25.6 to USD 13.6. This decision is based on the company's 4Q25 results, which met expectations with a 16% year-over-year revenue growth, primarily driven by a significant increase in the non-subscription business. However, the downgrade in target price reflects concerns about a weak outlook and competition in the market.
BOCI
BOCI
Buy
downgrade
$60.8
2026-03-18
Reason
BOCI
BOCI
Price Target
$60.8
2026-03-18
downgrade
Buy
Reason
The analyst rating for TME-SW (01698.HK) is a "Buy" based on several positive factors highlighted in the article. The company reported a total revenue that exceeded market forecasts with a year-over-year growth of 16%, driven by a significant 41% increase in its non-membership music business. Additionally, TME-SW showed strong performance in offline events and maintained positive growth in its advertising sector. The adjusted net profit also rose by 9% year-over-year, aligning with market expectations. BOCI, the broker, remains confident in TME-SW's commercialization and execution capabilities and anticipates future catalysts for the company, despite reducing its target price to HKD60.8.
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