【招银国际升腾讯音乐目标价至17.5美元 评级“买入”】金十数据5月15日讯，招银国际发表报告，指腾讯音乐(TME.N)首季总营收按年增长9%至73.6亿元人民币，非国际财务报告准则（non—IFRS）计净利润按年增长25%至21.2亿元，大致符合市场预期。由于在线音乐业务的强劲表现和利润率扩张趋势，该行将2025至2027年盈利预测上调0%至6%。以现金流折现率计，美股目标价上调6%至17.5美元。尽管存在宏观不确定性，该行仍看好腾讯音乐凭借其强大的竞争壁垒和商业模式，在2025年持续实现强劲盈利增长，并维持“买入”评级。
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