China Merchants sets USD 10.50 target for Tencent Music stock
Published on 10/17/2026 at 21:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and results date
- China Merchants set a USD 10.50 target for Tencent Music on October 14, 2026.
- Tencent Music will publish third-quarter 2026 results on November 17, 2026.
- Tencent Music stock costs EUR 7.68 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, down 0.23 percent on Nasdaq.
- Tencent Music has a P/E ratio of 10.19 and a USD 12.5 billion market capitalization.
China Merchants set a USD 10.50 target for Tencent Music Entertainment Group on October 14, 2026, according to Investing.com. Against the USD 8.63 last price on the NYSE, that target is 21.67 percent higher. The euro quotation was last at EUR 7.68 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, while the Nasdaq session change was minus 0.23 percent.
Results date sets the next checkpoint
Tencent Music will publish its unaudited third-quarter 2026 results before the US market opens on November 17, 2026. The company also scheduled a management webinar for 6:00 a.m. ET, according to its investor-relations release. The date gives investors a defined checkpoint for subscription growth, advertising and margins.
Range leaves room for volatility
The NYSE quotation stood at USD 8.63 on October 16, 2026, with a session range of USD 8.59 to USD 8.75. Tencent Music's 52-week range was USD 7.66 to USD 23.86, placing the last US price 12.67 percent above the low and 63.83 percent below the high. Trading volume was 4,218,272 shares against an average of 8,333,082.
Valuation and market comparison
Tencent Music had a market capitalization of USD 12.5 billion and a P/E ratio of 10.19 on October 16, 2026. The company operates music streaming, online karaoke and audio entertainment platforms in China, including QQ Music, Kugou Music, Kuwo Music and WeSing, according to its investor-relations release.
Comparison with peers
TME (NYSE, USD): minus 0.23 percent, P/E 10.19, market capitalization USD 12.5 billion.
Spotify (NYSE, USD): minus 0.55 percent, P/E 34.37, market capitalization USD 109.1 billion.
Warner Music Group (Nasdaq, USD): plus 2.31 percent, P/E 24.34, market capitalization USD 16.4 billion.
Euro price sets the German view
The last completed NYSE session was October 16, 2026. At Lang & Schwarz, Tencent Music was last at EUR 7.68 on October 16, 2026 at 11:00 p.m. CEST, and the Nasdaq quotation was down 0.23 percent on the day.
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 16, 2026, 11:00 p.m. CEST): EUR 7.68
- Change on Nasdaq versus previous close: minus 0.23 percent
- Market capitalization: USD 12.5 billion (as of October 16, 2026)
- 52-week range: USD 7.66-23.86 (as of October 16, 2026)
- Sector / Industry: Communication Services / Internet Content & Information
- Next earnings date: November 17, 2026
Market context: Market report S&P 500.
