Why Tencent Music Entertainment Stock Soared Today

Daniel Sparks, The Motley Fool
·1 min read
Why Tencent Music Entertainment Stock Soared Today

Shares of Tencent Music Entertainment Group (NYSE: TME), a China-based streaming music company, jumped sharply on Tuesday. The tech stock's sharp rise follows two analysts' 12-month price target upgrades for Tencent Music shares this morning. Oppenheimer analyst Bo Pei and Citi analyst Alicia Yap set 12-month price targets for Tencent Music of $28 and $26 on Tuesday.