<div id="readability-page-1"><p>In a report released on November 5, Elinor Leung from CLSA maintained a Buy rating on Tencent Holdings , with a price target of <span id="expert-recommendation-target">HK$740.00</span>. The company’s shares closed yesterday at HK$629.00.</p><h3>Meet Your ETF AI Analyst</h3><ul><li> Discover how TipRanks' <i>ETF</i> AI Analyst  can help you make smarter investment decisions </li><li>   Explore ETFs TipRanks' users love  and see what insights the <b><i>ETF</i> AI Analyst</b> reveals about the ones you follow.</li></ul> <p>Leung covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Kuaishou Technology Class B, and Baidu. According to TipRanks, Leung has an average return of <span>9.9%</span> and a 45.69% success rate on recommended stocks. </p> <p>The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings  with a $93.84 average price target, which is a -85.08% downside from current levels. In a report released on October 31, Nomura also maintained a Buy rating on the stock with a HK$757.00 price target.</p></div>

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<p>CLSA has reaffirmed a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$740.00, while the shares closed at HK$629.00. Analyst Elinor Leung has an average return of 9.9% and a 45.69% success rate. The overall analyst consensus for Tencent is a Strong Buy with an average price target of $93.84, indicating a potential downside of -85.08%. Nomura also maintains a Buy rating with a HK$757.00 price target.</p>

- Elinor Leung from CLSA has maintained a Buy rating on Tencent Holdings, setting a price target of HK$740.00, while the shares closed at HK$629.00.  
- The analyst consensus for Tencent Holdings indicates a Strong Buy rating, with an average price target of $93.84, reflecting a significant downside from current levels.  
- Additionally, Nomura also supports a Buy rating for Tencent, with a higher price target of HK$757.00.  

CLSA Reaffirms Their Buy Rating on Tencent Holdings (TCTZF)