Analyst firms · Daiwa · TME

Daiwa TME price target and rating history

Tencent Music Entertainment Group (TME) · Consumer Discretionary

Daiwa rates Tencent Music Entertainment Group (TME) Hold with a $12 price target, as of its latest action on Mar 18, 2026. It has published 4 rating actions on TME since January 2023, including 1 upgrade and 2 downgrades. Across 5 firms with a TME price target in the last 12 months, the median target is $12. Daiwa's target matches it.

Current rating

Hold

Price target

$12

Median target, all firms

$12

Actions on TME

4

Every Daiwa rating on TME

• Mar 18, 2026
  DowngradeDaiwa downgrades to Hold from Buy, price target $12
• Aug 12, 2025
  UpgradeDaiwa upgrades to Outperform from Neutral
• Aug 13, 2024
  DowngradeDaiwa downgrades to Neutral from Outperform
• Jan 13, 2023
  InitiateDaiwa starts coverage at Buy

How other firms rate TME

Each firm's latest rating and stated target in the last 12 months.

Questions about Daiwa and TME

What is Daiwa's price target for TME?

Daiwa's latest stated price target for Tencent Music Entertainment Group (TME) is $12, from its action on Mar 18, 2026.

What is Daiwa's rating on TME?

Daiwa rates TME Hold, a neutral rating, as of Mar 18, 2026.

When did Daiwa last change its view on TME?

On Mar 18, 2026, Daiwa downgrades to Hold from Buy, price target $12.

How does Daiwa's TME target compare with other analysts?

Across 5 firms with a TME price target in the last 12 months, the median target is $12. Daiwa's target matches it.

More TME rating histories

• China Renaissance5
• Morgan Stanley5
• UBS4
• The Benchmark Company4
• Macquarie3
• Deutsche Bank3
• Goldman Sachs4
• Citigroup4
• J.P. Morgan4

All Daiwa ratingsTME news and filingsEvery analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.