Jefferies maintained Tencent's "buy" rating and lowered its target price to HK $421

The bank believes that the Group will implement a three pronged global strategy in the field of online games. At the same time, online advertising will benefit from the monetization of video accounts, further deepen and expand the advertising customer base, and profitability will be the key to cloud computing. In addition, it is predicted that the Group will pursue cost improvement to improve operating efficiency and productivity.

The rating of investment banks on the stock is mainly buying. In the past 90 days, 52 investment banks have given buying ratings, and the target average price in the past 90 days is 448.44. The latest research report of Cinda Securities gave Tencent Holdings a buy rating with a target price of 443.