Tencent Music Entertainment Group (TME) Stock Forecast
TME analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.14 / 5 from 29 analysts
- Price target
- $12.65 average of analyst targets
- Upside to target
- +46.6% from the latest close
- Next earnings
- November 17, 2026 EPS estimate $0.20
- 52-week range
- $7.74 – $23.71
TME analyst ratings
29 analystsNumber of analysts at each rating.
TME price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
TME earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $1.50 | $1.46 | $1.62 | $1.54 | −2.3% | 10 |
| Current fiscal year (2026) | $6.25 | $6.18 | $6.46 | $6.17 | +1.4% | 20 |
| Next fiscal year (2027) | $6.75 | $6.44 | $7.12 | $6.25 | +7.9% | 21 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
TME revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $9.14B | $9.04B | $9.21B | +8.0% | 13 |
| Current fiscal year (2026) | $35.36B | $35.09B | $36.07B | +7.5% | 27 |
| Next fiscal year (2027) | $38.17B | $37.23B | $39.61B | +8.0% | 28 |
TME EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
TME revenue: reported and forecast
TME EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $1.64 | $1.50 | $1.50 | $1.50 | $1.50 | −8.0% | 0 up · 6 down |
| Current fiscal year (2026) | $6.49 | $6.25 | $6.25 | $6.25 | $6.25 | −3.6% | 1 up · 17 down |
| Next fiscal year (2027) | $7.18 | $6.75 | $6.75 | $6.75 | $6.75 | −6.0% | 2 up · 17 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
TME earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; TME beat in 11 of 12.
What analysts expect from TME
29 analysts cover Tencent Music Entertainment; their consensus rating is buy (4.14 on a 1–5 scale, where 5 is a strong buy). The average price target is $12.65, 46.6% above the latest close of $8.63. Analysts expect earnings of $6.25 per share for 2026, +1.4% from a year earlier. For 2027 the average estimate is $6.75 per share on revenue of $38.2 billion. Tencent Music Entertainment beat the EPS estimate in 11 of the last 12 quarters.
Related: TME income statement, TME key metrics, TME chart. See the TME stock overview for the latest quote and news.
TME forecast FAQ
What is Tencent Music Entertainment's price target?
The average analyst price target for Tencent Music Entertainment is $12.65, 46.6% above the latest close of $8.63.
Is Tencent Music Entertainment a buy, hold or sell?
Of 29 analysts covering Tencent Music Entertainment, 15 rate it a strong buy, 3 a buy, 11 a hold, 0 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Tencent Music Entertainment's EPS forecast?
Analysts forecast $6.25 per share for 2026 (range $6.18 to $6.46); for 2027 the estimate is $6.75.
What is Tencent Music Entertainment's revenue forecast?
The average revenue estimate for 2026 is $35.4 billion, growth of 7.5%; for 2027 it is $38.2 billion.
When does Tencent Music Entertainment report earnings?
Tencent Music Entertainment is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 before the market opens; the EPS estimate is $0.20.
Does Tencent Music Entertainment usually beat earnings estimates?
Tencent Music Entertainment reported EPS at or above the analyst estimate in 11 of the last 12 quarters.