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<Research>Citi Raises LENOVO GROUP (00992.HK) TP to HKD20, Reiterates Buy
Citi's research report largely raised the TP for LENOVO GROUP (00992.HK) from HKD12.6 to HKD20, while maintaining a Buy rating. The broker also lifted its earnings forecasts fo...
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<Research>Citi Raises LENOVO GROUP (00992.HK) TP to HKD20, Reiterates Buy
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Citi's research report largely raised the TP for LENOVO GROUP (00992.HK)  +4.320 (+21.951%)    Short selling $3.61B; Ratio 20.693%   from HKD12.6 to HKD20, while maintaining a Buy rating. The broker also lifted its earnings forecasts for FY2027 and FY2028 by 53% and 47%, respectively, and introduced an adjusted EPS forecast of USD27.57 cents for FY2029.

Citi said LENOVO GROUP holds an advantage in seizing market share amid shortages of key components and production capacity constraints. Following the acquisition of Infinidat, the company has continued to demonstrate strong execution in achieving operating leverage and expanding its product portfolio. It is also benefiting from hikes in ASP and GPU server prices.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

Related NewsLEGENDHOLDING (03396.HK) Up 4% as Citi Lifts TP to HKD16 on LENOVO GROUP (00992.HK) Re-rating

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