What is the current Price Target for the Tencent Music Ent - Class A stock?

The average Tencent Music Ent - Class A target price is HK$92.45. This is 202.91% higher than the current stock price. The highest price target is 439.94%, the lowest is 8.21%. 27 Analysts have issued a price target Tencent Music Ent - Class A 2027 .

How high will the Tencent Music Ent - Class A stock rise?

No reliable answer can be given as to how high the Tencent Music Ent - Class A stock will rise. The performance of stocks, including the Tencent Music Ent - Class A stock, depends on a variety of factors, such as the general economic situation, the company's business results, investor expectations and global events.

What's going on with the Tencent Music Ent - Class A stock today?

The performance of Tencent Music Ent - Class A stock on any given day can be influenced by various factors, such as market conditions, industry trends, company news and global events.

Why did the Tencent Music Ent - Class A stock fall?

The decline in Tencent Music Ent - Class A stock may be due to a variety of factors, such as market conditions, industry trends, company news, macroeconomic events or changes in investor expectations. It is important to note that stock markets are inherently volatile and the performance of an individual stock on any given day is not necessarily indicative of its long-term performance.

What is a price target?

A price target is an estimate by an analyst or investment bank of where a company's stock price could be in a certain period of time, usually 12 months.

Tencent Music Ent - Class A Forecast, price target & analysts

HK$30.52

1.36%

Hong Kong, Oct 05, 04:08 pm HKT. Closed.

ISIN

KYG875771134

Symbol

1698

Sector

Media & Entertainment

Industry

Entertainment

Overview Dividends Analysts Charts Ownership News Strategies

Tencent Music Ent - Class A Target price 2026 - Analyst rating & recommendation

Tencent Music Ent - Class A Classifications & Recommendation

Buy

53%

Hold

47%

Tencent Music Ent - Class A Price Target

Target Price	HK$92.45
Price	HK$30.52
Potential	202.91% register free of charge
Number of Estimates	27

	27 Analysts have issued a price target Tencent Music Ent - Class A 2027 . The average Tencent Music Ent - Class A target price is HK$92.45. This is 202.91% register free of charge higher than the current stock price. The highest price target is HK$164.79 439.94% register free of charge , the lowest is HK$33.03 8.21% register free of charge .
	A rating was issued by 32 analysts: 17 Analysts recommend Tencent Music Ent - Class A to buy, 15 to hold and 0 to sell.
	Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
	Analyst Estimates: Analysts believe that the Tencent Music Ent - Class A stock has an average upside potential 2027 of 202.91% register free of charge . Most analysts recommend the Tencent Music Ent - Class A stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2033

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Quarter Annually

	Dec '25	2026 Estimates
Revenue Billion HK$	38.51	41.69
	15.85%	8.26%
EBITDA Margin	30.20%	33.48%
	12.97%	10.87%

31 Analysts have issued a sales forecast Tencent Music Ent - Class A 2026 . The average Tencent Music Ent - Class A sales estimate is

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. This is

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than the revenue of the last 12 months(TTM). The highest sales forecast is

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, the lowest is

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This results in the following potential growth metrics:

2025	HK$38.5b	15.85%
2026	HK$41.7b 8.26% unlock
2027	HK$45.1b 8.19% unlock
2028	HK$47.9b 6.26% unlock
2029	HK$55.6b 15.97% unlock
2030	HK$59.4b 6.93% unlock
2031	HK$53.3b 10.29% unlock
2032	HK$54.7b 2.66% unlock
2033	HK$56.0b 2.38% unlock

Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2033

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Quarter Annually

	Dec '25	2026 Estimates
Earnings Per Share HK$	4.16	7.39
	67.74%	77.64%
P/E		4.19
EV/Sales		1.71

27 Analysts have issued a Tencent Music Ent - Class A forecast for earnings per share. The average Tencent Music Ent - Class A EPS is

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. This is

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than earnings per share in the financial year 2025. The highest EPS forecast is

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, the lowest is

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This results in the following potential growth metrics and future valuations:

2025	HK$4.16	67.74%
2026	HK$7.39 77.64% unlock
2027	HK$7.82 5.82% unlock
2028	HK$8.27 5.75% unlock
2029	HK$9.73 17.65% unlock
2030	HK$1.74 82.12% unlock
2031	HK$1.95 12.07% unlock
2032	HK$2.18 11.79% unlock
2033	HK$2.42 11.01% unlock

Current	9.35	81.01%
2026	4.19 55.17% unlock
2027	3.96 5.49% unlock
2028	3.74 5.56% unlock
2029	3.18 14.97% unlock

Based on analysts' sales estimates for 2026, the Tencent Music Ent - Class A stock is valued at an EV/Sales of

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and an P/S ratio of

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This results in the following potential growth metrics and future valuations:

Current	1.79	76.54%
2026	1.71 4.66% unlock
2027	1.58 7.56% unlock
2028	1.48 5.90% unlock
2029	1.28 13.77% unlock
2030	1.20 6.48% unlock
2031	1.33 11.47% unlock
2032	1.30 2.59% unlock
2033	1.27 2.32% unlock

Current	2.40	70.64%
2026	2.28 4.74% unlock
2027	2.11 7.57% unlock
2028	1.99 5.89% unlock
2029	1.71 13.77% unlock
2030	1.60 6.48% unlock
2031	1.78 11.47% unlock
2032	1.74 2.59% unlock
2033	1.70 2.32% unlock

Tencent Music Ent - Class A...

Current Tencent Music Ent - Class A Upgrades & Downgrades

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Analyst	Rating	Action	Date
China Renaissance	Locked ➜ Locked	Locked	Aug 12 2026
Mizuho	Locked ➜ Locked	Locked	Aug 12 2026
JP Morgan	Locked ➜ Locked	Locked	May 14 2026
Mizuho	Locked ➜ Locked	Locked	May 13 2026
Barclays	Locked ➜ Locked	Locked	Mar 19 2026
Benchmark	Locked ➜ Locked	Locked	Mar 18 2026
JP Morgan	Locked ➜ Locked	Locked	Mar 18 2026

Analyst Rating	Date
Locked China Renaissance: Locked ➜ Locked	Aug 12 2026
Locked Mizuho: Locked ➜ Locked	Aug 12 2026
Locked JP Morgan: Locked ➜ Locked	May 14 2026
Locked Mizuho: Locked ➜ Locked	May 13 2026
Locked Barclays: Locked ➜ Locked	Mar 19 2026
Locked Benchmark: Locked ➜ Locked	Mar 18 2026
Locked JP Morgan: Locked ➜ Locked	Mar 18 2026

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