Tencent Music Entertainment Group (TME) is currently trading at $8.65 with a Wall Street consensus price target of $12.67, implying potential upside of 46.5% over the next 12 months. 28 analysts currently cover TME, with a consensus rating of Buy - 61% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $24.13, while the most cautious has a target of $9.09.
TME operates in the Communication Services sector with a market capitalisation of $14B. The stock is down 50.3% year-to-date and is currently trading near the lower end of its 52-week range of $7.66 – $23.86.
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