Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Tencent Music Entertainment Group (TME) has a Wall Street consensus price target of $25.00, based on estimates from 24 covering analysts. With the stock currently trading at $14.60, this represents a potential upside of +71.2%. The company has a market capitalization of $10.34B.
Analyst price targets range from a low of $25.00 to a high of $25.00, representing a 0% spread in expectations. The median target of $25.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 14 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, TME trades at a trailing P/E of 23.6x and forward P/E of 2.3x. The forward PEG ratio of 0.19 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -7.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $168.31, with bear and bull scenarios of $22.10 and $273.30 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
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Start ComparisonThe consensus Wall Street price target for TME is $25, representing 71.2% upside from the current price of $14.6. With 24 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
TME has a consensus rating of "Buy" based on 24 Wall Street analysts. The rating breakdown is predominantly bullish, with 14 Buy/Strong Buy ratings. The consensus 12-month price target of $25 implies 71.2% upside from current levels.
With a forward P/E of 2.2657x, TME trades at a relatively low valuation. The consensus target of $25 implies 71.2% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $25 for TME, while the most conservative target is $25. The consensus of $25 represents the median expectation. Our quantitative valuation model projects a bull case target of $273 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TME is well covered by analysts, with 24 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 9 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month TME stock forecast based on 24 Wall Street analysts shows a consensus price target of $25, with estimates ranging from $25 (bear case) to $25 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $168, with bear/bull scenarios of $22/$273.
Our quantitative valuation model calculates TME's fair value at $168 (base case), with a bear case of $22 and bull case of $273. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
TME trades at a forward P/E ratio of 2.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on TME, with a "Buy" consensus rating and $25 price target (71.2% upside). 14 of 24 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
TME analyst price targets range from $25 to $25, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $25 consensus represents the middle ground. Our model's $22-$273 range provides an independent fundamental perspective.