CLSA Reaffirms Their Buy Rating on Tencent Holdings (TCTZF)
CLSA has reaffirmed a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$740.00, while the shares closed at HK$629.00. Analyst Elinor Leung has an average return of 9.9% and a 45.69% success rate. The overall analyst consensus for Tencent is a Strong Buy with an average price target of $93.84, indicating a potential downside of -85.08%. Nomura also maintains a Buy rating with a HK$757.00 price target.
In a report released on November 5, Elinor Leung from CLSA maintained a Buy rating on Tencent Holdings , with a price target of HK$740.00. The company’s shares closed yesterday at HK$629.00.
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Leung covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Kuaishou Technology Class B, and Baidu. According to TipRanks, Leung has an average return of 9.9% and a 45.69% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $93.84 average price target, which is a -85.08% downside from current levels. In a report released on October 31, Nomura also maintained a Buy rating on the stock with a HK$757.00 price target.
