Barclays Lifts Tencent Music Entertainment Group (TME) Price Target on Solid Q3 Results and Strong Growth Trajectory
News Source : Yahoo Entertainment
News Summary
- Tencent Music Entertainment Group (NYSE:TME) is one of the best breakout stocks to invest in.
- The Chinese music streaming company reported a 20.6% increase in revenue, totaling $1.19 billion, driven by a 27.2% rise in online music service revenues to $979 million.
- The company is banking on its expanded music catalog owing to strategic partnerships with labels in South Korea and Japan.
- If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Tencent Music Entertainment Group (NYSETME) is one of the best breakout stocks to invest in. On November 12, analysts at Barclays raised Tencent Music Entertainment Group (NYSETME)s price target to [+2177 chars]
Never miss a story from us, subscribe to our newsletter