Futu: Maintains Tencent Holdings "Buy" rating, target price raised to HKD 794
Credit Suisse released a research report stating that it maintains a "Buy" rating on Tencent Holdings, with the target price raised from HKD 706 to HKD 794. In terms of marketing services, Tencent's revenue growth is driven by multiple AI-driven factors. The fintech and enterprise services business benefits from the accelerated development of non-payment businesses (such as consumer loans) and cloud services. The firm stated that it reaffirms Tencent as its preferred target for 2026, with AI expected to be a growth catalyst across various business areas. The firm pointed out that the company's product portfolio strategy for online games in the third quarter drove growth, and the group continues to pursue the creation of top-tier gaming titles. "Delta Force" is expected to reach a new milestone in daily active users in September 2025, and the firm anticipates it will become another evergreen game
According to Zhitong Finance APP, Jefferies released a research report stating that it maintains a "Buy" rating on Tencent Holdings (00700), with the target price raised from HKD 706 to HKD 794. In terms of marketing services, Tencent's revenue growth is driven by multiple AI-driven factors. The fintech and enterprise services business benefits from the accelerated development of non-payment businesses (such as consumer loans) and cloud services.
The firm stated that it reaffirms Tencent as its preferred target for 2026, with AI expected to become a growth catalyst across various business areas. The firm pointed out that the company's product portfolio strategy for online games in the third quarter drove growth, and the group continues to pursue the creation of top-tier gaming titles. "Delta Action" is expected to reach a new milestone in daily active users in September 2025, and the firm anticipates it will become another evergreen game
