Citigroup: Raised Lenovo Groups (00992.HK) target price to HKD 50, with first fiscal quarter results exceeding expectations.

Zhihu Finance APP has learned that Citigroup released a research report stating that it has raised its revenue forecasts for Lenovo Group (00992.HK) for the fiscal years 2027 to 2029 by 15%, 15%, and 18% respectively, to USD 107 billion, USD 124 billion, and USD 147 billion. The adjusted diluted earnings per share forecasts have been raised by 55%, 37%, and 31% respectively, to 31.4 cents, 40 cents, and 49.7 cents. The target price has been raised significantly by 61.3% from HKD 31 to HKD 50, reaffirming the Buy rating.