- Tencent Music Entertainment Group (TME, Financial) outperformed earnings estimates with its first-quarter results.
- Wall Street analysts project a potential upside of 12.90% based on average price targets.
- GuruFocus suggests a significant downside based on their GF Value estimation.
Tencent Music Entertainment Group (TME) delivered a strong performance in the first quarter, reporting non-GAAP earnings per ADS of $0.19, which exceeded expectations by $0.01. Revenue hit $1.01 billion, reflecting an 8.7% year-over-year growth. The company's financial health remains solid with cash and investments amounting to $5.19 billion.
Wall Street Analysts Forecast
According to the price targets provided by 28 analysts over the next year, Tencent Music Entertainment Group (TME, Financial) has an average target of $16.18, with predictions ranging from a high of $19.10 to a low of $12.00. This average target price suggests a potential upside of 12.90% from the current price of $14.33. For further insights, you can explore the Tencent Music Entertainment Group (TME) Forecast page.
Brokerage Recommendations
The consensus recommendation from 29 brokerage firms positions Tencent Music Entertainment Group (TME, Financial) with an average recommendation of 1.8, which indicates an "Outperform" status. This recommendation scale runs from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
GF Value Analysis
From the perspective of GuruFocus metrics, the estimated GF Value for Tencent Music Entertainment Group (TME, Financial) over the next year is projected at $8.70. This indicates a potential downside of 39.29% from the current price of $14.33. The GF Value is a proprietary evaluation by GuruFocus that reflects the stock's fair trading value based on its historical multiples, past business growth, and anticipated future performance. For a more detailed analysis, visit the Tencent Music Entertainment Group (TME) Summary page.
