Tencent stock gains as buybacks and Goldman cuts target

Published on 09/18/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tencent stock rises on September 18, 2026 after a HKD 100 million buyback. Goldman cut its 12-month target to HKD 650 and 2026 second-half EPS by up to 5%.

Tencent, KYG875721634, Illustration mit AI erstellt.

Tencent Holdings Ltd. (KYG875721634) stock traded at HKD 420.80 on September 18, 2026 at 3:45 p.m. Hong Kong time, with a HKD 426.00 prior close, a HKD 430.40 high and a HKD 420.80 low.

Buybacks stay in view

According to Futunn on September 18, 2026, Tencent repurchased 237,000 shares for about HKD 100 million at HKD 425.2 to HKD 430.2 a share. Tencent remained active on the buyback front, with the latest disclosed transaction matching the same price band reported for September 17 and September 18, 2026.

Target cut and earnings view

According to Tencent News on September 17, 2026, Goldman Sachs cut Tencent's 12-month target to HKD 650 and trimmed its 2026 second-half EPS forecast by up to 5 percent because of higher AI investment and recent equity financing. On August 12, 2026, Tencent reported second-quarter EPS of HKD 7.14, while the same portal said consensus EPS for 2026 stands at CNY 28.98.

Trading around HKD 421

Short selling data on September 18, 2026 showed 1,179,400 shares sold short, equal to HKD 503.685 million, or 15.530 percent of turnover, according to etnet. Tencent stock last changed hands at HKD 420.80 on September 18, 2026, 15 mins delayed.