Financhill is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. This suggests a possible upside of 301.1% from the stock's current price. This indicates that the company will be able to sustain or increase its dividend. Looking for more investing ideas like this one? *Average returns of all recommendations since inception. Trading stocks, options and other securities involves risk. Get daily stock ideas from top-performing Wall Street analysts. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. The total 2030 revenue will likely come in at $1 trillion, the analyst estimates. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. Besides Free Fire, the company also distributes several of Tencent's (TCEHY -0.25%) popular games. . contact@marketbeat.com Tencent - TCEHY Stock Forecast, Price & News $47.24 +0.69 (+1.48%) (As of 03/2/2023 12:00 AM ET) Compare Today's Range $45.84 $47.37 50-Day Range $40.26 $52.55 52-Week Range $24.75 $53.44 Volume 4.22 million shs Average Volume 3.34 million shs Market Capitalization $451.53 billion P/E Ratio 16.99 Dividend Yield 0.38% Price Target $189.00 To learn more, click here. Against this backdrop, the stock seems to be well-positioned to emerge as a wealth generator in the coming years. Read our dividend analysis for TCEHY. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. !! I explain what I am waiting for before pounding the table. Visit www.zacksdata.com to get our data and content for your mobile app or website. 2022 Cable News Network. Considering that Tencent's current valuations have priced in the known and obvious regulatory headwinds and policy issues to a large extent, I retain a Neutral rating for Tencent Holdings. Tech Sell-Off: 1 Supercharged Growth Stock Down 83% to Buy Like There's No Tomorrow, Prediction: These Will Be 2 of the Best Stocks to Buy in 2023, Why Sea Limited Stock Plunged Underwater on Thursday, Why Sea Limited Climbed 17.5% in November, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Based on an average daily volume of 6,786,200 shares, the short-interest ratio is presently 1.4 days. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. I initiated on DiDi Global with a Bearish rating in my article published on July 7, 2021, and DiDi's stock price has dropped by -48% from $15.53 as of July 2, 2021 (last traded price at the time of writing) to $8.04 as of July 26, 2021. These returns cover a period from January 1, 1988 through January 2, 2023. Stock Price Forecast The 53 analysts offering 12-month price forecasts for Tencent Holdings Ltd have a median target of 52.38, with a high estimate of 74.70 and a low estimate of 31.85. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? TCEHY generated $16 billion in free cash flow last year and maintains a strong balance sheet with almost neutral leverage and an additional $127 billion in equity investments (totaling over 20%. Only 0.03% of the stock of Tencent is held by institutions. In this Bloomberg article, it is speculated that because tutoring companies were targeted by the authorities because "excessive tutoring torments youths, burdens parents with expensive fees and exacerbates inequalities in society." 1 month ago - Bloomberg Markets and Finance, A Comprehensive Guide to Video Gaming ETFs. The news flow for Tencent in recent weeks is also negative. Earnings were 224.82 billion, an increase of 40.65%. The company trades at only 20x earnings even before accounting for equity investments on its balance sheet, which total over 20% of the current market cap. A Warner Bros. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Currency in USD Follow 47.12 -0.12. With the eSports market currently valued at $1.4 billion . Investors have to consider potential changes in the regulatory environment and their impact on Tencent's future profitability, in assessing the company's prospects for the next five years. ZacksTrade and Zacks.com are separate companies. Cloudflare Another game-changing stock that can easily turn $10,000 to. Image: REUTERS/Francois Lenoir . If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Please disable your ad-blocker and refresh. Our research is based on sources that we believe to be reliable. We nevertheless expect to see a good deal of change . TCEHY generated $16 billion in free cash flow last year and maintains a strong balance sheet with almost neutral leverage and an additional $127 billion in equity investments (totaling over 20% of the current market cap). short-sightedness for playing games for a prolonged period of time). Cloudflare is currently guiding for fiscal 2021 revenue of $612 million to $616 million, implying a 42% year-over-year rise at the midpoint. The cloud business of Chinese technology giant Tencent announced the collaboration in a press release on Abhay Deshpande, Centerstone Investors chief investment officer,, joins 'The Exchange' to discuss why he calls the current market a stock picker's market and offers the top names to buy. Unfortunately, my worst fears have been confirmed to a large extent. The strength of Sea's gaming portfolio is apparent, considering that its internally developed game Free Fire was the most downloaded game in the world in 2020. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Their TCEHY share price forecasts range from $48.00 to $330.00. *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. The company's software-defined networking (SDN) model has made its network highly scalable and cheaper than the hardware-based networks of peers such as Akamai Technologies and Limelight Networks. If you wish to go to ZacksTrade, click OK. Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. gaming and social media), and the company's access to a significant amount of critical data relating to Chinese users (e.g. And it couldnt be more wrong! Further, we expressly disclaim any responsibility to update such research. While rising inflation and anticipation about the Federal Reserve increasing interest rates have made short-term investors jittery, it is not that big of an issue for long-term investors. 2. Many investors think Beijing's crackdown on technology firms is ending, but the Chinese government will still hold influence over names like Alibaba and Tencent. I have read and understand the, Characteristics and Risks of Standardized Options. tcehy stock forecast 2030. Tencent has received a consensus rating of Hold. There could be short-term positives associated with the collaboration, as Tencent might see incremental revenue from the usage of its payment services WeChat Pay on Alibaba's e-commerce marketplaces as an example. The plan could represent an alternative to the regulatory crackdown that has hit Chinese technology stocks China's government entities are set to take so-called "golden shares" in units ofAlibaba Group Holding Ltd.andTencent Holdings Ltd. China is moving to take minority stakes with special rights in the local units of Alibaba Group Holding Ltd and Tencent Holdings Ltd , the Financial Times reported on Friday. The 10 top tech stocks lost a combined $4.6 trillion in market cap in 2022. Amazon led the way by losing about $856 billion in market cap nearly half its market valuation over the last 12 months, Chinese tech stocks are a great pick at current valuations but only for the long-term investors, says Anand Batepati of GFM Focus Investing. What is a Good Dividend Yield? Tencent Holding Ltd. currently has an average brokerage recommendation (ABR) of 1.50 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) Finally, although digital financial services are currently a small part of Sea's revenue mix, it is growing at a fast pace. expressing concerns that the industry is focused on profits and placing more restrictions on the industry, Tencent is the "Facebook of China," one of the "PayPals of China," and the "Video Game King of the World.". I have read and understand the, I understand that I will be billed $1,794 annually if I choose to continue. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. View analysts price targets for TCEHY or view top-rated stocks among Wall Street analysts. All times are ET. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Facing the future. According to its sources, Reuters claimed in a late-April 2021 article that "Tencent should expect a penalty of at least 10 billion yuan." In five years' time, I think that Tencent Holdings is still likely to retain its status as one of the leading internet and technology companies in China, as it will be challenging for any upstarts or its smaller competitors to build up their operations to a scale that is competitive with TCEHY anytime soon. The Motley Fool has a disclosure policy. Shopee continues to dominate the Indonesian e-commerce sector, which is expected to grow faster than the Indian e-commerce market. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, If You Invested $1,000 in Nvidia in 1999, Here's the Shocking Amount You Would Have Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. Manali Bhade has no position in any of the stocks mentioned.
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