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Tencent Music Entertainment Group
HKEX:1698

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Tencent Music Entertainment Group
HKEX:1698
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Price: 31.46 HKD -2.24%
Market Cap: HK$108B

Wall St Price Targets

Price Targets Summary
Tencent Music Entertainment Group

Wall Street analysts forecast Tencent Music Entertainment Group stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Tencent Music Entertainment Group is 70.32 HKD with a low forecast of 40.33 HKD and a high forecast of 124.54 HKD.

Lowest Forecast
Price Target
40.33 HKD
28% Upside
Average Forecast
Price Target
70.32 HKD
124% Upside
Highest Forecast
Price Target
124.54 HKD
296% Upside
Tencent Music Entertainment Group Competitors:
Price Targets
SHRIRAMFIN
Shriram Finance Ltd
16% Upside

Revenue
Forecast

15% / Year
Past Growth
9% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss
15% / Year
Past Growth
9% / Year
Estimated Growth
Estimates Accuracy
0%
Average Miss

Over the last 8 years, the compound annual growth rate for Revenue has been 15%. The projected CAGR for the next 3 years is 9%.

Gross Profit
Forecast

18% / Year
Past Growth
10% / Year
Estimated Growth
Estimates Accuracy
-1%
Average Miss
18% / Year
Past Growth
10% / Year
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Over the last 8 years, the compound annual growth rate for Gross Profit has been 18%. The projected CAGR for the next 3 years is 10%.

Operating Income
Forecast

28% / Year
Past Growth
11% / Year
Estimated Growth
Estimates Accuracy
-18%
Average Miss
28% / Year
Past Growth
11% / Year
Estimated Growth
Estimates Accuracy
-18%
Average Miss

Over the last 8 years, the compound annual growth rate for Operating Income has been 28%. The projected CAGR for the next 3 years is 11%.

Pre-Tax Income
Forecast

30% / Year
Past Growth
3% / Year
Estimated Growth
Estimates Accuracy
-6%
Average Miss
30% / Year
Past Growth
3% / Year
Estimated Growth
Estimates Accuracy
-6%
Average Miss

Over the last 8 years, the compound annual growth rate for Pre-Tax Income has been 30%. The projected CAGR for the next 3 years is 3%.

Net Income
Forecast

30% / Year
Past Growth
3% / Year
Estimated Growth
Estimates Accuracy
-17%
Average Miss
30% / Year
Past Growth
3% / Year
Estimated Growth
Estimates Accuracy
-17%
Average Miss

Over the last 8 years, the compound annual growth rate for Net Income has been 30%. The projected CAGR for the next 3 years is 3%.

Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What you see on other sites is mostly sourced from sell-side analysts.

What is Tencent Music Entertainment Group's stock price target?
Price Target
70.32 HKD

According to Wall Street analysts, the average 1-year price target for Tencent Music Entertainment Group is 70.32 HKD with a low forecast of 40.33 HKD and a high forecast of 124.54 HKD.

What is the Revenue forecast for Tencent Music Entertainment Group?
Projected CAGR
9%

Over the last 8 years, the compound annual growth rate for Revenue has been 15%. The projected CAGR for the next 3 years is 9%.

What is the Gross Profit forecast for Tencent Music Entertainment Group?
Projected CAGR
10%

Over the last 8 years, the compound annual growth rate for Gross Profit has been 18%. The projected CAGR for the next 3 years is 10%.

What is the Operating Income forecast for Tencent Music Entertainment Group?
Projected CAGR
11%

Over the last 8 years, the compound annual growth rate for Operating Income has been 28%. The projected CAGR for the next 3 years is 11%.

What is the Pre-Tax Income forecast for Tencent Music Entertainment Group?
Projected CAGR
3%

Over the last 8 years, the compound annual growth rate for Pre-Tax Income has been 30%. The projected CAGR for the next 3 years is 3%.

What is the Net Income forecast for Tencent Music Entertainment Group?
Projected CAGR
3%

Over the last 8 years, the compound annual growth rate for Net Income has been 30%. The projected CAGR for the next 3 years is 3%.

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