Oppenheimer analyst Bo Pei CFA maintained a Buy rating on Tencent Music Entertainment Group (NYSE:TME) on Tuesday, setting a price target of 28, which is approximately 26.07% above the present share price of $22.21.
Pei CFA expects Tencent Music Entertainment Group to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Tencent Music Entertainment Group, with an average price target of $24.4.
The analysts price targets range from a high of $28 to a low of $18.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $7.58 billion and a net profit of $1.03 billion. The company's market cap is $37.26 billion.
According to TipRanks.com, Oppenheimer analyst Bo Pei CFA is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.5% and a 50.00% success rate.
Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China.