Citi: Tencent Holdings (00700.HK) 2026 Global Digital Ecosystem Summit May Be a Catalyst; Reiterates "Buy" Rating with Target Price of HK$755

Zhitong Finance APP has learned that Citi issued a research report reiterating a "Buy" rating on Tencent Holdings (00700.HK) with a target price of HK$755, implying 95.4% upside from the closing price on October 26. The bank believes that the upcoming 2026 Global Digital Ecosystem Summit could become a potential catalyst for the company's share price, as the company may announce the official version of Hy4.0, share WorkBuddy operational milestones, and provide updates on Tencent Cloud infrastructure upgrades and its global cloud expansion strategy.