Mizuho Issues Pessimistic Forecast for Tencent Music Entertainment Group (NYSE:TME) Stock Price

Tencent Music Entertainment Group (NYSE:TME) had its price target cut by investment analysts at Mizuho from $28.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 123.41% from the company’s current price.

Several other research firms have also weighed in on TME. JPMorgan Chase & Co. restated a “neutral” rating and set a $12.00 target price on shares of Tencent Music Entertainment Group in a report on Wednesday. Morgan Stanley lowered their price objective on Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. Jefferies Financial Group restated a “buy” rating and issued a $23.00 target price on shares of Tencent Music Entertainment Group in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research report on Monday, December 29th. Finally, Benchmark reissued a “hold” rating on shares of Tencent Music Entertainment Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.03.

Tencent Music Entertainment Group Stock Performance

TME stock opened at $10.30 on Wednesday. Tencent Music Entertainment Group has a 1 year low of $9.86 and a 1 year high of $26.70. The company has a fifty day simple moving average of $15.37 and a 200 day simple moving average of $19.11. The company has a quick ratio of 2.08, a current ratio of 2.22 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Tencent Music Entertainment Group

Several large investors have recently bought and sold shares of TME. Green Court Capital Management Ltd raised its position in shares of Tencent Music Entertainment Group by 93.1% during the third quarter. Green Court Capital Management Ltd now owns 1,039,078 shares of the company’s stock valued at $24,252,000 after buying an additional 501,078 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Tencent Music Entertainment Group in the third quarter valued at about $4,257,000. AGF Management Ltd. grew its position in Tencent Music Entertainment Group by 86.5% during the third quarter. AGF Management Ltd. now owns 878,591 shares of the company’s stock worth $20,506,000 after buying an additional 407,400 shares in the last quarter. OPTIMAS CAPITAL Ltd bought a new position in Tencent Music Entertainment Group during the third quarter valued at about $9,150,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Tencent Music Entertainment Group in the 3rd quarter valued at approximately $2,904,000. 24.32% of the stock is currently owned by institutional investors and hedge funds.

Key Tencent Music Entertainment Group News

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Content & product momentum: management highlighted a new Warner Music deal, an Ed Sheeran collaboration and 10M users of its AI production tools from the Q4 call — developments that support longer‑term revenue and engagement upside. Music Business Worldwide
• Positive Sentiment: High‑profile content release: pre‑orders launched for Jay Chou’s new album on TME platforms — a potentially material near‑term monetization event in Greater China. PR Newswire
• Positive Sentiment: Bullish options and select analyst support: elevated call activity and several firms (Barclays, Mizuho) still carry Overweight/Outperform stances despite lower targets, indicating pockets of bullish conviction in the market. Kalkine Media
• Neutral Sentiment: Mixed analyst positioning: Morgan Stanley and several firms reaffirmed neutral/hold ratings (JPMorgan, Daiwa, Benchmark), with price targets clustered in the low‑teens, reflecting cautious near‑term views. (Analyst notes reported publicly)
• Neutral Sentiment: New dividend discussion: coverage is interpreting the recently announced dividend as a sign of shifting capital priorities — could be read as shareholder‑friendly or conservative depending on outlook. Yahoo Finance
• Negative Sentiment: Earnings and guidance disappointment: shares plunged after Q4 results and guidance missed some investors’ expectations; commentary flagged reporting changes that obscured the beat and raised concerns about future cadence. Seeking Alpha
• Negative Sentiment: Analyst downgrades and lower targets: UBS cut to Neutral and slashed its target to $13 (from $26); several other houses trimmed targets — adding downward pressure on sentiment. MSN
• Negative Sentiment: Litigation risk: a law firm has announced an investigation into potential shareholder claims related to executive conduct — a legal overhang that can weigh on the stock until resolved. GlobeNewswire

About Tencent Music Entertainment Group

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.