J.P. Morgan raises the target price for Tencent Holdings (00700.HK) to HKD 600 and upgrades earnings forecasts for this year and next.

Golden Ten Data on March 21, JPMorgan Chase issued a research report pointing out that Tencent Holdings (00700. HK) has raised its adjusted earnings per share forecast by 4% and 8% for this year and next year, reflecting that the company is in a strong position to be a potential beneficiary of the development of general-purpose AI applications, reflecting the company's positive performance in the fourth quarter of 2024, and raising its target price to HK$600 from HK$520 accordingly, with an "overweight" rating.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)