Goldman Sachs released a research report raising its target prices for TME-SW (01698.HK) +0.200 (+0.277%) Short selling $1.65M; Ratio 6.179% (TME.US) 's H-shares/ US stock from $60.4/ US$15.5 to $82/ US$21, with rating reiterated at Buy. The broker also lifted its 2025-2027 revenue forecasts by 0.5-3.9%, and non-GAAP net profit forecasts by 0-4%.The penetration rate of TME-SW's Super VIP currently reached low teen, and is expected to rise to 20% in the future, as the current ARPU for Super VIP is only over RMB10, according to the report. Related NewsCICC Ratings, TPs for CN Dotcoms (Table)Coupled with the increasingly rich benefits provided by the Company, including music content and live events, ARPU is expected to grow by 10% this year, with high single-digit growth for 2026 onwards.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)