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Tencent Music Entertainment Group (TME) Receives a Buy from J.P. Morgan

Tipranks - Tipranks - Fri Aug 15, 2025

J.P. Morgan analyst Alex Yao maintained a Buy rating on Tencent Music Entertainment Group today and set a price target of $30.00. The company’s shares opened today at $25.20.

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Yao covers the Communication Services sector, focusing on stocks such as Baidu, Inc. Class A, Kuaishou Technology Class B, and Baidu. According to TipRanks, Yao has an average return of 7.1% and a 51.60% success rate on recommended stocks.

Tencent Music Entertainment Group has an analyst consensus of Strong Buy, with a price target consensus of $25.68, a 1.90% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $28.00 price target.

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TME market cap is currently $31.69B and has a P/E ratio of 27.49.

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