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Tencent Music Entertainment Group Class A (1698) Receives a Buy from J.P. Morgan

Tipranks - Tipranks - Sun Aug 17, 2025

J.P. Morgan analyst Alex Yao maintained a Buy rating on Tencent Music Entertainment Group Class A on August 13 and set a price target of HK$120.00. The company’s shares closed yesterday at HK$99.90.

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According to TipRanks, Yao is a 4-star analyst with an average return of 7.9% and a 52.76% success rate. Yao covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, Inc. Class A, and Kuaishou Technology Class B.

Currently, the analyst consensus on Tencent Music Entertainment Group Class A is a Strong Buy with an average price target of HK$104.62, representing a 4.72% upside. In a report released on August 13, Goldman Sachs also maintained a Buy rating on the stock with a HK$106.00 price target.

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1698 market cap is currently HK$284B and has a P/E ratio of 28.02.

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