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<Research>G Sachs Raises LENOVO GROUP (00992.HK) TP to $13.09, Rating Buy
Recommend 13 Positive 26 Negative 8 |
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Goldman Sachs was positive on LENOVO GROUP (00992.HK), and expected GenAI products such as AI PCs, AI servers and AI smartphones to drive LENOVO GROUP's earnings growth in tandem with the new product cycle for PCs and general servers, Goldman Sachs released a research report saying. Goldman Sachs expected LENOVO GROUP's 2HFY2024 operating profit to grow by 64% from that of 1HFY2024 and rise by 47% YoY in FY2025, with revenue contribution from AI PCs increasing to 33%. Goldman Sachs estimated that the product mix upgrade to AI PCs will better support gross profit performance, partially offsetting the impact from higher component costs. Goldman Sachs kept rating at Buy, and raised its target price from $11.54 to $13.09. AAStocks Financial News |
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