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<Research>China Renaissance Elevates TENCENT (00700.HK) TP to $780, Expects 3Q AI-assisted Ad Rev. Growth to Continue
Recommend 15 Positive 25 Negative 7 |
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China Renaissance released a research report expecting that TENCENT (00700.HK)'s 3Q25 local/ international game revenue will hike 15%/ 22% YoY each, and online advertising revenue will rise by 20%, with fintech & enterprise services revenue growing by 10%. Therefore, the broker reiterated rating at Buy, and elevated its target price from $685 to $780, due to the Company's ongoing progress in revenue growth and AI development. AASTOCKS Financial News Website: www.aastocks.com |
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