Tencent Holdings stock: At EUR 43.66, Tencent Holdings stock falls 3.66 percent

Published on 10/22/2026 at 15:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cuts target to HKD 650 on October 22, 2026. Tencent Holdings stock is EUR 43.66 on October 22, 2026, down 3.66 percent versus Xetra close.

Target cut and trading data

On October 22, 2026, Morgan Stanley cut Tencent's target from HKD 735 to HKD 650.
Tencent reported second-quarter 2026 revenue of CNY 204.8 billion, up 11.00 percent year over year.
Tencent Holdings stock costs EUR 43.66 at Lang & Schwarz on October 22, 2026 at 3:13 p.m. CEST, down 3.66 percent versus the Xetra close of October 21, 2026.

Tencent Holdings Ltd., KYG875721634, Illustration mit AI erstellt.

Tencent Holdings Ltd. (ISIN KYG875721634) is facing a lower analyst valuation after Morgan Stanley cut its target from HKD 735 to HKD 650 on October 22, 2026, as higher artificial intelligence investment was expected to pressure short-term margins, GMT EIGHT reported. At Lang & Schwarz, the stock was trading at EUR 43.66 on October 22, 2026 at 3:13 p.m. CEST, down 3.66 percent versus the Xetra close of October 21, 2026 at EUR 45.32.

AI spending changes the valuation

Morgan Stanley said Tencent's operating profit estimates for 2026 and 2027 were reduced by 6.00 percent to 7.00 percent because of higher AI investment, while the bank kept its Overweight rating, GMT EIGHT reported on October 22, 2026. The new HKD 650 target lies 69.98 percent above Tencent's HKD 382.40 Hong Kong close on October 22, 2026.

Tencent trades near HKD 378.40

The Hong Kong listing closed at HKD 382.40 on October 22, 2026 at 4:08 p.m. HKT, down 2.89 percent on the session. Its 52-week range was HKD 378.40 to HKD 664.00, placing the close 1.06 percent above the low and 42.41 percent below the high. Volume reached 60,746,647 shares, while the stock's market capitalization was HKD 3.4 trillion.

Revenue reaches CNY 204.8 billion

Tencent's second-quarter 2026 revenue rose 11.00 percent year over year to CNY 204.8 billion, while profit attributable to equity holders increased 0.70 percent to CNY 56.0 billion, according to GMT EIGHT on October 22, 2026. The company's investor-relations calendar lists the third-quarter 2026 results announcement for November 18, 2026 at 8:00 p.m. New York time, Tencent states.

Tencent and peers

Comparison with peers

Tencent Holdings Ltd.: down 3.66 percent versus the Xetra close, P/E 12.88, market capitalization HKD 3.4 trillion. Alibaba Group Holding Limited (NYSE, USD): down 3.88 percent, P/E 22.30, market capitalization USD 259.7 billion. Baidu, Inc. (Nasdaq, USD): down 2.09 percent, negative P/E 32.62, market capitalization USD 26.8 billion. The figures are dated October 22, 2026, with the US quotes reflecting the latest October 21 session data.

Euro quote after the Xetra close

Tencent Holdings stock was trading at EUR 43.66 at Lang & Schwarz on October 22, 2026 at 3:13 p.m. CEST, down 3.66 percent versus the Xetra close of October 21, 2026 at EUR 45.32. The Hong Kong listing had closed at HKD 382.40 on October 22, 2026 at 4:08 p.m. HKT. The further course of trading is shown by the continuously updated real-time quote of Tencent Holdings stock.