China Merchants lifts target for Tencent Music stock to USD 10.50
Published on 10/15/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- China Merchants Securities upgraded Tencent Music from Hold to Buy and set a USD 10.50 target on October 15, 2026.
- Tencent Music will publish third-quarter 2026 results on November 17, 2026.
- Tencent Music stock costs EUR 7.71 at 10:55 p.m. CEST at Lang & Schwarz on October 15, 2026, while its NYSE 52-week range is USD 7.66 to USD 23.86.
- Tencent Music has a P/E ratio of 9.84 and market capitalization of USD 12.5 billion as of October 15, 2026.
China Merchants Securities upgraded Tencent Music Entertainment Group from Hold to Buy and assigned a USD 10.50 target in a report dated October 15, 2026, according to Futu. The target is 21.39 percent above the USD 8.65 NYSE price supplied for October 15, 2026. Tencent Music stock stood at EUR 7.71 at Lang & Schwarz on October 15, 2026 at 10:55 p.m. CEST.
Results date sets the next marker
Tencent Music will report its unaudited third-quarter 2026 financial results before the U.S. market opens on November 17, 2026. The company also scheduled a management webinar for 6:00 a.m. Eastern Time that day, according to the company release carried by Yahoo Finance.
Second-quarter figures remain the base
For the second quarter of 2026, revenue was CNY 8.93 billion and net income attributable to common shareholders was CNY 2.47 billion. Revenue rose from CNY 7.90 billion in the first quarter, while net income increased from CNY 2.09 billion, based on the reported period ending June 30, 2026. Operating cash flow reached CNY 2.86 billion in the same quarter.
Price position and valuation
The NYSE quote reached USD 8.65 on October 15, 2026, against a 52-week range of USD 7.66 to USD 23.86. The price was 12.92 percent above the yearly low and 63.75 percent below the yearly high. Market capitalization was USD 12.5 billion, with a P/E ratio of 9.84 and a dividend yield of 3.00 percent as of October 15, 2026.
Comparison with peers
TME (NYSE, USD): P/E 9.84, market capitalization USD 12.5 billion
Spotify (NYSE, USD): plus 1.80 percent, P/E 34.61, market capitalization USD 109.7 billion
Warner Music (Nasdaq, USD): plus 6.16 percent, P/E 23.79, market capitalization USD 16.1 billion
What the target means for the stock
The October 15 upgrade puts the analyst target above the current NYSE quotation, while the next scheduled results date gives investors a defined event for testing revenue and earnings execution. Tencent Music operates QQ Music, Kugou Music, Kuwo Music, WeSing and Ximalaya as an all-in-one music and audio platform in China.
Trading level in euros
The Lang & Schwarz quote places the stock at EUR 7.71 on October 15, 2026 at 10:55 p.m. CEST. The euro price is an after-hours indication for investors in Germany, while the NYSE session had already finished.
The further course of trading is shown by the continuously updated real-time quote of Tencent Music stock.
Tencent Music stock facts
- Company: Tencent Music Entertainment Group
- ISIN: US88034P1093
- Ticker: TME
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 15, 2026 at 10:55 p.m. CEST: EUR 7.71
- Market capitalization: USD 12.5 billion (as of October 15, 2026)
- 52-week range: USD 7.66-23.86 (as of October 15, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
