Strong Financial Performance and Strategic Investments Drive Buy Rating for Tencent Music
I'm PortAI, I can summarize articles.
Saiyi He from CMB International Securities maintained a Buy rating for Tencent Music Entertainment Group with a $28.00 price target, citing strong financial performance and strategic investments. The company's Q3 2025 revenue increased by 21% YoY, and non-IFRS net income rose by 33%, surpassing estimates. Growth was driven by non-subscription music businesses. Future revenue growth is expected from content investments and new monetization opportunities. Mizuho Securities also maintained a Buy rating with a $28.00 price target.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments