In a report released today, Robin Zhu from Bernstein maintained a Buy rating on Tencent Holdings , with a price target of HK$800.00. The company’s shares closed yesterday at $81.50.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Zhu is a 4-star analyst with an average return of 16.6% and a 62.73% success rate. Zhu covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, Alibaba Group Holding Ltd., and JD.
Currently, the analyst consensus on Tencent Holdings is a Strong Buy with an average price target of $92.57, a 13.58% upside from current levels. In a report released on October 12, Jefferies also reiterated a Buy rating on the stock with a HK$794.00 price target.
Based on Tencent Holdings ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $184.5 billion and a net profit of $55.63 billion. In comparison, last year the company earned a revenue of $161.12 billion and had a net profit of $47.63 billion
Read More on TCTZF:
Disclaimer & DisclosureReport an Issue
- U.S. video game spending grew 11% in August, says Circana
- Game On: Xbox hikes Game Pass Ultimate price by 50%
- SCOTUS denies Google’s request to halt parts of judge’s order, Reuters reports
- Tencent initiated with an Outperform at Itau BBA
- Game On: EA to be acquired by group including PIF, Silver Lake for $55B
/Semiconductor%20by%20Gorodenkoff%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
