Oppenheimer analyst Bo Pei CFA maintained a Buy rating on Tencent Music Entertainment Group (NYSE:TME) on Wednesday, setting a price target of $26, which is approximately 69.27% above the present share price of $15.36.
Pei CFA expects Tencent Music Entertainment Group to post earnings per share (EPS) of $0.56 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Tencent Music Entertainment Group, with an average price target of $25.31.
The analysts price targets range from a high of $36 to a low of $16.6.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $7.82 billion and a net profit of $911 million. The company's market cap is $26 billion.
According to TipRanks.com, Oppenheimer analyst Bo Pei CFA is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.1% and a 25.71% success rate.
Incorporated in 2012, China-based Tencent Music Entertainment Group is an online music entertainment platform that provides music streaming, online karaoke, and live streaming services services. The company is a subsidiary of Tencent Holdings (OTC:TCEHY) Limited.