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Goldman Sachs: Slightly raised Tencent Holdings (00700.HK) target price to 595 Hong Kong dollars, maintains "buy" rating.

15/05/2025

According to the Zhitong Financial APP, Goldman Sachs released a research report stating that due to the strong performance of the first quarter in terms of game and advertising revenue, both revenue and profit exceeded expectations. The target price for Tencent Holdings (00700.HK) was raised slightly by 0.8% from 590 Hong Kong dollars to 595 Hong Kong dollars, maintaining a "buy" investment rating.

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