Skip to main content

Tencent Music Entertainment Group Class A (1698) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Sat Nov 15, 2025

Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Tencent Music Entertainment Group Class A on November 13 and set a price target of HK$99.00. The company’s shares closed yesterday at HK$75.60.

Meet Your ETF AI Analyst

According to TipRanks, Kong is a 4-star analyst with an average return of 10.9% and a 57.53% success rate. Kong covers the Communication Services sector, focusing on stocks such as Baidu, Bilibili, and Kuaishou Technology Class B.

Tencent Music Entertainment Group Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$104.56, a 38.31% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$83.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Tencent Music Entertainment Group Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$8.44 billion and a net profit of HK$2.41 billion. In comparison, last year the company earned a revenue of HK$7.16 billion and had a net profit of HK$1.68 billion

Read More on HK:1698:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).