On Nov 13, major Wall Street analysts update their ratings for $Tencent Music (TME.US)$, with price targets ranging from $14 to $16.
BofA Securities analyst Lei Zhang maintains with a buy rating, and adjusts the target price from $15 to $14.
Citi analyst Alicia Yap maintains with a buy rating, and adjusts the target price from $18 to $14.5.
Barclays analyst Jiong Shao maintains with a buy rating, and maintains the target price at $16.
Mizuho Securities analyst Wei Fang maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Tencent Music (TME.US)$'s main analysts recently are as follows:
Tencent Music's Q3 report was generally consistent with overall expectations. However, the addition of 2 million net new ads was at the upper end of guidance and slightly surpassed expectations. The recent dip in share price following the results is seen as a more favorable opportunity for investors.
Here are the latest investment ratings and price targets for $Tencent Music (TME.US)$ from 4 analysts:
Note:
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