Continuously maintain strong market leadership position in the PC field. Citigroup: Raises Lenovo's target price to 13.6 Hong Kong dollars.

date
11:46 23/10/2025
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GMT Eight
Citibank: Raises Lenovo's target price to HKD 13.6
Recently, the well-known investment bank Citigroup released its opinions, forecasting the upcoming quarterly financial report of Lenovo (00992). It believes that Lenovo's fundamentals remain solid, with double-digit year-on-year growth in IDG shipments and stable profit margins. The strong market leadership in the PC sector is unshakable. SSG continues to expand steadily on the growth momentum of recurring revenue. ISG shows improvements in scale and cost control, and the stable execution capabilities in server and service businesses will be the driving force behind the steady increase in net profit, boosting CKH HOLDINGS stock price. Overall, Citigroup believes that Lenovo Group's core business operations are in line with management's guidance for the second quarter of the 2026 fiscal year, and its growth prospects remain unaffected. It maintains a "Buy" rating on the stock and expects its future execution capabilities to remain strong, giving a target price of HK$13.6, maintaining a "Buy" rating.