On Nov 13, major Wall Street analysts update their ratings for $Tencent Music (TME.US)$, with price targets ranging from $14 to $16.
BofA Securities analyst Lei Zhang maintains with a buy rating, and adjusts the target price from $15 to $14.
Citi analyst Alicia Yap maintains with a buy rating, and adjusts the target price from $18 to $14.5.
Barclays analyst Jiong Shao maintains with a buy rating, and maintains the target price at $16.
Mizuho Securities analyst Wei Fang maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Tencent Music (TME.US)$'s main analysts recently are as follows:
Tencent Music's Q3 report was generally consistent with overall expectations. However, the addition of 2 million net new ads was at the upper end of guidance and slightly surpassed expectations. The recent dip in share price following the results is seen as a more favorable opportunity for investors.
Here are the latest investment ratings and price targets for $Tencent Music (TME.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
