Stocks

Tencent Stock Soars on Buyback and Target Cut

Guavy AI Editorial Team Published September 19, 2026

Instruments

Tencent Holdings Ltd. (KYG875721634) stock rose on September 18, 2026 after a HKD 100 million buyback was announced.

The move came as Goldman Sachs cut its 12-month target for Tencent to HKD 650 and trimmed its 2026 second-half EPS forecast by up to 5 percent due to higher AI investment and recent equity financing.

Tencent repurchased 237,000 shares at a price range of HKD 425.2 to HKD 430.2 per share on September 18, matching the same price band reported for the previous day.

The Wire

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