Analysts Set Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Price Target at $21.44

Shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) have received an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.2091.

Several equities research analysts have recently commented on TME shares. Mizuho decreased their price objective on Tencent Music Entertainment Group from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. Zacks Research upgraded Tencent Music Entertainment Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of Tencent Music Entertainment Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price target on shares of Tencent Music Entertainment Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Nomura set a $10.00 price objective on shares of Tencent Music Entertainment Group in a report on Thursday.

Tencent Music Entertainment Group Stock Performance

Shares of Tencent Music Entertainment Group stock opened at $8.48 on Thursday. Tencent Music Entertainment Group has a one year low of $7.94 and a one year high of $26.70. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.32 and a beta of 0.84. The business has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $10.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.08.

Tencent Music Entertainment Group (NYSE:TME) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $1.31 billion for the quarter. Tencent Music Entertainment Group had a return on equity of 11.62% and a net margin of 26.27%. On average, research analysts anticipate that Tencent Music Entertainment Group will post 0.89 earnings per share for the current fiscal year.

Key Tencent Music Entertainment Group News

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Q2 revenue and EPS exceeded expectations. Tencent Music reported second-quarter revenue of RMB8.93 billion ($1.32 billion), up 5.8% year over year, while adjusted EPS of $0.25 topped consensus by $0.01. Growth was driven primarily by music-related services, including subscription activity. Tencent Music second-quarter 2026 financial results
• Positive Sentiment: Potential capital returns and platform expansion provide support. Tencent Music signaled another share-buyback round and is integrating Ximalaya into a broader music-and-audio platform. Concert growth and the Ximalaya integration were also cited as contributors to quarterly performance. TME buyback and Ximalaya integration
• Positive Sentiment: Mizuho maintained a constructive view. The firm lowered its price target from $18 to $15 but retained an “outperform” rating, implying substantial potential upside from the current trading level. Benzinga analyst rating update
• Neutral Sentiment: Analyst opinion is becoming more cautious. China Renaissance downgraded TME from “buy” to “hold” and assigned a $9.30 target, indicating limited upside compared with more bullish estimates. Finviz analyst rating update
• Negative Sentiment: The stock fell after the earnings release despite the beat. Investors appear focused on the relatively modest 5.8% revenue growth and comparisons with the prior-year period, while the mixed analyst actions add to uncertainty about TME’s near-term earnings and valuation outlook. Tencent Music shares reaction after Q2 results

Institutional Investors Weigh In On Tencent Music Entertainment Group

Several hedge funds and other institutional investors have recently made changes to their positions in TME. Robeco Institutional Asset Management B.V. boosted its stake in Tencent Music Entertainment Group by 7.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,706,740 shares of the company’s stock valued at $100,039,000 after purchasing an additional 387,109 shares during the last quarter. Vanguard Group Inc. increased its holdings in Tencent Music Entertainment Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 21,455,738 shares of the company’s stock worth $376,119,000 after purchasing an additional 293,385 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tencent Music Entertainment Group by 414.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,130,608 shares of the company’s stock worth $19,820,000 after purchasing an additional 910,767 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tencent Music Entertainment Group by 7.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,863,263 shares of the company’s stock worth $137,843,000 after purchasing an additional 537,047 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Tencent Music Entertainment Group by 312.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,764,321 shares of the company’s stock valued at $101,049,000 after purchasing an additional 4,366,226 shares in the last quarter. 24.32% of the stock is owned by institutional investors.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.