Tencent Holdings

Analysts Lift Tencent Price Target on Growth Prospects Amid Regulatory and Competitive Headwinds

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

24 Nov 24

Updated

25 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

47.8%

7D

-0.2%

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1Y

47.8%

7D

-0.2%

You can edit this narrative until Nov 26 8:15 AM. Then, changes will post as Updates.

Author's Valuation

HK$736.7317.2% undervalued

AnalystConsensusTarget Fair Value

Shared on 25 Nov 25

Fair value Increased 3.71%

700: Accelerated Artificial Intelligence Investment Will Drive Continued Upside Momentum

Tencent Holdings' fair value estimate has been increased by analysts from $710.35 to $736.73 per share, based on stronger-than-expected Q3 results and optimistic projections for accelerated revenue and profit growth through continued investment in artificial intelligence. Analyst Commentary Recent street research offers an optimistic outlook for Tencent Holdings, reflecting shifts in both valuation and future growth expectations.

Shared on 05 Nov 25

Fair value Increased 0.27%

700: Offshore Bond Issuance Will Drive Expansion Despite Industry Pressures

Tencent Holdings' analyst price target has been raised slightly from HK$708.43 to HK$710.35. Analysts cite improving valuation metrics and a recent upgrade in outlook as reasons for this adjustment.

Shared on 22 Oct 25

Fair value Increased 1.86%

Analysts have raised their price target for Tencent Holdings from HK$695.52 to HK$708.43, citing recent positive upgrades as well as expectations of continued growth in revenue and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts highlight Tencent's upgraded price target and improved rating as a reflection of rising confidence in the company's long-term growth prospects.

Shared on 08 Oct 25

Fair value Increased 1.18%

Narrative Update on Tencent Holdings Price Target Analysts have raised their price target for Tencent Holdings from HK$687.44 to HK$695.52, citing improved profit margins and an upgrade in ratings. This reflects increased confidence in the company's financial outlook.

Shared on 16 Aug 25

Fair value Increased 7.49%

Upward revisions to both consensus revenue growth forecasts and future P/E multiples reflect increased optimism about Tencent Holdings’ earnings potential, resulting in a higher analyst price target from HK$639.55 to HK$679.51. What's in the News Tencent is among a dozen parties shortlisted by Starbucks for a potential investment in its China business, with bidders including JD.com and major private equity firms (Bloomberg, 2025-08-01).

Shared on 01 May 25

Fair value Decreased 0.059%

Shared on 23 Apr 25

Fair value Increased 1.04%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 0.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 2.33%

AnalystConsensusTarget has decreased shares outstanding growth rate from -0.0% to -0.0%.

Shared on 02 Apr 25

Fair value Increased 3.21%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 7.35%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 2.50%

AnalystConsensusTarget has decreased shares outstanding growth rate from -0.0% to -0.0%.

Shared on 11 Mar 25

Fair value Decreased 15%

AnalystConsensusTarget has decreased future PE multiple from 23.5x to 21.1x and increased shares outstanding growth rate from -0.0% to -0.0%.

AnalystConsensusTarget Fair Value

HK$736.73

17.2% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

9.15%

Interactive Media and Services revenue growth rate

0.47%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.69%

Calculation

CN¥319.42b

Earnings '28

x

24.13x

PE Ratio '28

=

CN¥7.71t

Market Cap '28

CN¥7.71t

Market Cap '28

/

8.93b

No. shares '28

=

CN¥863.57

Share Price '28

CN¥863.57 Share Price '28

Discounted to 2025 @ 8.70% p.a.

=

CN¥672.44

Fair Value '25

CN¥672.44 Fair Value '25

Converted to HKD @ 1.0955 CNY/HKD Exchange Rate

=

HK$736.65

Fair Value '25