---
title: "Tencent Music Entertainment Group Class A (1698) Gets a Buy from Goldman Sachs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295656678.md"
description: "Goldman Sachs analyst Lincoln Kong maintained a Buy rating on Tencent Music Entertainment Group Class A (1698) with a HK$46.00 price target. The stock holds a Moderate Buy consensus from other analysts, averaging a HK$55.44 price target."
datetime: "2026-08-12T11:16:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295656678.md)
  - [en](https://longbridge.com/en/news/295656678.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295656678.md)
generator: "portal-rs"
---

# Tencent Music Entertainment Group Class A (1698) Gets a Buy from Goldman Sachs

In a report released today, Lincoln Kong from Goldman Sachs maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$46.00.

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Kong covers the Communication Services sector, focusing on stocks such as Tencent Music Entertainment Group, Tencent Music Entertainment Group Class A, and NetEase. According to TipRanks, Kong has an average return of -1.7% and a 38.64% success rate on recommended stocks. 

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tencent Music Entertainment Group Class A with a HK$55.44 average price target.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**