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Goldman Sachs Remains a Buy on Tencent Music Entertainment Group Class A (1698)

Tipranks - Tipranks - Thu Aug 14, 2025

Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Tencent Music Entertainment Group Class A today and set a price target of HK$106.00. The company’s shares closed today at HK$102.10.

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According to TipRanks, Kong is a 4-star analyst with an average return of 8.0% and a 56.45% success rate. Kong covers the Communication Services sector, focusing on stocks such as Baidu, Tencent Music Entertainment Group Class A, and XD, Inc..

Currently, the analyst consensus on Tencent Music Entertainment Group Class A is a Strong Buy with an average price target of HK$94.02, representing a -7.91% downside. In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a HK$108.00 price target.

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The company has a one-year high of HK$89.15 and a one-year low of HK$36.25. Currently, Tencent Music Entertainment Group Class A has an average volume of 1.06M.

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