Tencent’s Earnings Beat Sparks Price Targets Showing 16% Gain

Chinese social media giant Tencent Holdings Ltd.’s strong earnings beat this week led more than two dozen analysts to lift their price targets for its stock, suggesting room for double-digit percentage gains over the next 12 months.

Tencent’s target price consensus has jumped by more than 5% to HK$688 since it reported quarterly results on Wednesday, according to Bloomberg calculations. That is the second biggest post-earnings jump in its price target over the past five years, beaten only by a March shift fueled by optimism around AI start-up DeepSeek.