TME Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

8.43B

+12.98%

1.604

+9.11%

8.35B

+13.45%

1.588

+15.88%

9.48B

+12.3%

1.818

+9.53%

Estimates Revision

The market is revising Upward the revenue expectations for Tencent Music Entertainment Group (TME) for FY2025, with the revenue forecasts being adjusted by 0.89% over the past three months. During the same period, the stock price has changed by -25.45%.

Revenue Estimates for FY2025

Revise Upward

+0.89%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-36.42%

In Past 3 Month

Stock Price

Go Down

-25.45%

In Past 3 Month

7 Analyst Rating

Wall Street analysts forecast TME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TME is 27.57 USD with a low forecast of 25.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

1 Hold

0 Sell

Strong Buy

Current: 0.000

Low

25.00

Averages

27.57

High

30.00

Current: 0.000

Low

25.00

Averages

27.57

High

30.00

Morgan Stanley

Overweight

downgrade

$25

2025-12-22

Reason

Morgan Stanley

Price Target

$25

2025-12-22

downgrade

Overweight

Reason

Morgan Stanley lowered the firm's price target on Tencent Music to $25 from $27.50 and keeps an Overweight rating on the shares. The firm reduced its bull case valuation by 17% to $28, given that approval of the Ximalaya deal may still take time, and increased its bear case by 1.8% to $16.80 as it rolled forward its valuation by three months, the analyst tells investors.

BofA

Neutral

downgrade

$25 -> $21

2025-11-26

Reason

BofA

Price Target

$25 -> $21

2025-11-26

downgrade

Neutral

Reason

BofA lowered the firm's price target on Tencent Music to $21 from $25 and keeps a Neutral rating on the shares after having hosted the company's investor relations team during the firm's AI Tech/Internet Conference on November 24. The firm, which lowered FY25-27 earnings forecasts and continues to believe the stock is fairly traded with no imminent re-rating catalyst, adds that it sees Tencent Music's core user-paying proposition as "untouched" by Bytedance's Soda Music.

Benchmark

Buy

downgrade

$28 -> $25

2025-11-13

Reason

Benchmark

Price Target

$28 -> $25

2025-11-13

downgrade

Buy

Reason

Benchmark lowered the firm's price target on Tencent Music to $25 from $28 and keeps a Buy rating on the shares. Tencent Music delivered "solid" Q3 results, but the firm trimmed its gross margin estimate as it believes a continued revenue mix shift toward lower-margin segments may intensify margin pressure in FY26. While the firm says it remains positive on the company's strategic positioning and growth outlook, it notes that the reversal of the company's multi-year margin expansion trend "could spark near-term investor debate."

Barclays

Overweight

maintain

$27 -> $28

2025-11-12

Reason

Barclays

Price Target

$27 -> $28

2025-11-12

maintain

Overweight

Reason

Barclays raised the firm's price target on Tencent Music to $28 from $27 and keeps an Overweight rating on the shares following the Q3 report. The firm believes Tencent's growth story is intact and sees a good entry point on the post-earnings selloff. Tencent in afternoon trading is down 8% to $19.01.

Citi

Buy

maintain

$29

2025-11-12

Reason

Citi

Price Target

$29

2025-11-12

maintain

Buy

Reason

Citi views the post-earnings selloff today in shares of Tencent Music as unwarranted. The firm keeps a Buy rating on the name with a $29 price target. The stock in afternoon trading is down 8% to $19.07. Citi attributes the weakness to concerns around competition from Bytedance's Soda Music. However, it believes Tencent reported a "solid" Q3 report with positive commentary on Q4. The firm sees an "enhanced" buying opportunity on the selloff.

BofA

Neutral

initiated

$25

2025-10-28

Reason

BofA

Price Target

$25

2025-10-28

initiated

Neutral

Reason

BofA reinstated coverage of Tencent Music with a Neutral rating and $25 price target. While calling Tencent Music a "clear leader in the China music streaming market," the firm finds the risk-reward "only fair" with the stock price almost doubling year-to-date.

Valuation Metrics

The current forward P/E ratio for Tencent Music Entertainment Group (TME.N) is 18.88, compared to its 5-year average forward P/E of 20.47. For a more detailed relative valuation and DCF analysis to assess Tencent Music Entertainment Group 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

20.47

Current PE

18.88

Overvalued PE

33.11

Undervalued PE

7.83

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

16.19

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

28.38

Undervalued EV/EBITDA

4.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

4.13

Current PS

0.00

Overvalued PS

6.07

Undervalued PS

2.18

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Gross Profit Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

TME News & Events

Events Timeline

No data

News

4.5

01-07NASDAQ.COM

VWO ETF Hits 52-Week High of $56.04 Amid Trading Activity

6.5

2025-12-02MarketWatch

Leading Emerging-Markets Fund Manager Claims His Asset Class Can Also Benefit from AI

8.0

2025-11-16Benzinga

Consumer Technology Update (Nov 10-14): China Reverses Rare Earth Export Restrictions to the U.S., Microsoft and Google Pour Billions into AI Data Centers, and More

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Frequently Asked Questions

What is Tencent Music Entertainment Group (TME) stock price today?

The current price of TME is 17.49 USD — it has increased 5.36 % in the last trading day.

What is Tencent Music Entertainment Group (TME)'s business?

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.

What is the price predicton of TME Stock?

What is Tencent Music Entertainment Group (TME)'s revenue for the last quarter?

Tencent Music Entertainment Group revenue for the last quarter amounts to 8.46B USD, increased 20.64 % YoY.

What is Tencent Music Entertainment Group (TME)'s earnings per share (EPS) for the last quarter?

Tencent Music Entertainment Group. EPS for the last quarter amounts to 0.69 USD, increased 38.00 % YoY.

What changes have occurred in the market's expectations for Tencent Music Entertainment Group (TME)'s fundamentals?

How many employees does Tencent Music Entertainment Group (TME). have?

Tencent Music Entertainment Group (TME) has 5353 emplpoyees as of January 09 2026.

What is Tencent Music Entertainment Group (TME) market cap?

Today TME has the market capitalization of 27.12B USD.