It was also the only stock that Goldman Sachs added to its July version of its monthly Asia-Pacific conviction list.
One Chinese tech stock got a lot of love from analysts in recent weeks. That's internet giant Tencent, which is known for its gaming business and runs WeChat, one of the world's largest messaging apps. Fourteen analysts raised their price targets for the stock and none lowered it in the past three weeks, according to a
Pro screen using FactSet. Pro screened for stocks that had their price targets raised in that period by all analysts covering them. Tencent was also the only stock that Goldman added to its July version of its monthly Asia-Pacific conviction list. This list includes the bank's curated picks of between 15 and 30 top buy-rated stocks for the region. Of all Chinese internet stocks, Tencent offers "one of the most visible and sustainable" profit growth of around 20%, Goldman said in its July 1 note.
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