---
title: "Barclays Remains a Buy on Tencent Music Entertainment Group (TME)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295813641.md"
description: "Barclays analyst Jiong Shao maintained a Buy rating on Tencent Music Entertainment Group (TME) with a $20.00 price target, citing his strong track record. This follows a recent Buy from Mizuho Securities, while UBS previously held a Hold rating on the stock."
datetime: "2026-08-13T14:15:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295813641.md)
  - [en](https://longbridge.com/en/news/295813641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295813641.md)
generator: "portal-rs"
---

# Barclays Remains a Buy on Tencent Music Entertainment Group (TME)

In a report released today, Jiong Shao from Barclays maintained a Buy rating on Tencent Music Entertainment Group, with a price target of $20.00.

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According to TipRanks, Shao is a 4-star analyst with an average return of 5.3% and a 44.96% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Coupang, and XPeng, Inc. ADR.

In addition to Barclays, Tencent Music Entertainment Group also received a Buy from Mizuho Securities’s Wei Fang in a report issued today. However, yesterday, UBS maintained a Hold rating on Tencent Music Entertainment Group (NYSE: TME).

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## Related News & Research

- [Tencent Music Entertainment Group (TME) Stock Climbed, What Is Driving Attention Now?](https://longbridge.com/en/news/296529206.md)
- [Nomura Downgrades Tencent Music Entertainment Group  to Neutral, Cuts TP to USD10](https://longbridge.com/en/news/295917022.md)
- [Sei Investments Co. Grows Stake in Tencent Music Entertainment Group Sponsored ADR $TME](https://longbridge.com/en/news/293905881.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**