# Morgan Stanley analyst Gary Yu maintained a Buy rating on Tencent Holdings on May 28.

*business · news · 2026-05-30 · Markets Insider*

## Key points

- Morgan Stanley's Gary Yu set a HK$650 price target for Tencent Holdings on May 28.
- Tencent's shares closed at HK$425.00, significantly below Yu's target.
- Yu's average analyst return is -3.3% with a 40.91% success rate, according to TipRanks.
- CGS International reiterated a Buy on Tencent on May 15, while Mizuho Securities holds a Hold rating.

Morgan Stanley analyst Gary Yu maintained a Buy rating on Tencent Holdings on May 28 and set a price target of HK$650.00. The company’s shares closed yesterday at HK$425.00. Memorial Day Sale – Claim 70% Off TipRanks Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Yu covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, and China Mobile. According to TipRanks, Yu has an average return of -3.3% and a 40.91% success rate on recommended stocks. In addition to Morgan Stanley, Tencent Holdings also received a Buy from CGS International’s Lei Yang CFA in a report issued on May 15. However, on May 14, Mizuho Securities maintained a Hold rating on Tencent Holdings (Other OTC: TCTZF). TCTZF market cap is currently HK$3924.9B and has a P/E ratio of 14.15.

**Companies:** Tencent Holdings
**Countries:** China

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/morgan-stanley-remains-a-buy-on-tencent-holdings-tctzf-1036209464)

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