Tencent Holdings stock: Nomura keeps HKD 659 target for Tencent Holdings stock
Published on 10/23/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNomura target remains in view
- Nomura maintained a HKD 659.00 target for Tencent Holdings on October 18, 2026.
- Tencent's third-quarter results are scheduled for November 18, 2026.
- Tencent Holdings stock costs EUR 44.21 at Lang & Schwarz on October 23, 2026 at 3:35 p.m. CEST, unchanged versus the Tradegate close of October 22, 2026.
Nomura maintained its HKD 659.00 price target for Tencent Holdings on October 18, 2026, keeping a Buy rating, according to Markets Insider. The target stands 70.73 percent above Tencent's HKD 386.00 last price on October 23, 2026. At Lang & Schwarz, the stock was trading at EUR 44.21 on October 23, 2026 at 3:35 p.m. CEST, unchanged versus the Tradegate close of October 22, 2026.
Results date sets the next marker
Tencent's investor calendar lists November 18, 2026 as the date for its third-quarter results, with the announcement scheduled for 8:00 p.m. New York time. The date gives investors a defined point for testing whether spending on artificial intelligence is weighing on profitability, a concern cited in recent analyst commentary.
Stock stays near its yearly low
Tencent last traded at HKD 386.00 on the Hong Kong Stock Exchange on October 23, 2026 at 4:08 p.m. HKT. The price stood 2.12 percent above the 52-week low of HKD 378.00 and 41.87 percent below the 52-week high of HKD 664.00. Trading volume reached 33,142,473 shares in the same session.
Valuation meets a lower target
Tencent's trailing P/E ratio was 12.98 on October 23, 2026, while its market capitalization was HKD 3.5 trillion. Nomura's HKD 659.00 target is materially above the latest Hong Kong price, but the analyst's October 18 note kept the rating at Buy rather than adding a new recommendation.
Tencent's investor-relations calendar also identifies Tencent 0700.HK and lists the 2026 second-quarter results release dated August 12, 2026. Its latest reported quarter in the financial statements covered revenue of CNY 204.8 billion and net income of CNY 55.6 billion for the quarter ended June 30, 2026.
Comparison with peers
Tencent Holdings: unchanged versus the Tradegate close, P/E 12.98, market capitalization HKD 3.5 trillion.
Alibaba Group (HKEX, HKD): up 0.46 percent, P/E 22.42, market capitalization HKD 1.9 trillion.
Baidu (HKEX, HKD): up 1.13 percent, market capitalization HKD 206.8 billion.
Price and the next date
For investors, the contrast is clear: Tencent's valuation remains below Alibaba's on the reported P/E figures, while the Hong Kong share price is only 2.12 percent above its 52-week low. The next scheduled result on November 18, 2026 is the clearest date for reassessing the effect of artificial-intelligence investment on earnings.
The further course of trading is shown by the continuously updated real-time quote of Tencent Holdings stock.
Tencent Holdings stock details
- Company: Tencent Holdings Ltd.
- ISIN: KYG875721634
- Ticker: 0700.HK
- Primary exchange: HKEX
- Price Lang & Schwarz (as of October 23, 2026, 3:35 p.m. CEST): EUR 44.21
- Change versus Tradegate close: unchanged
- Tradegate close (October 22, 2026): EUR 44.21
- Market capitalization: HKD 3.5 trillion (as of October 23, 2026)
- 52-week range: HKD 378.00-664.00 (as of October 23, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report Shanghai Composite.
