According to a report issued by CITIC Lyon, Lenovo Group's performance for the first quarter of the 2027 fiscal year ended at the end of June was mainly driven by a rapid increase in server business revenue and profit margins. It believes that the group is transforming into an important player in the AI server market. The target price was raised from HK$36 to HK$48.7, maintaining a “outperforming the market” rating. The bank raised Lenovo's adjusted net profit forecast for the 2027-2028 fiscal year by 40% and 35%, respectively, to US$4.4 billion and US$4.8 billion, to maintain the preferred stock in the Chinese technology sector.
Zhitongcaijing · 3d ago
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According to a report issued by CITIC Lyon, Lenovo Group's performance for the first quarter of the 2027 fiscal year ended at the end of June was mainly driven by a rapid increase in server business revenue and profit margins. It believes that the group is transforming into an important player in the AI server market. The target price was raised from HK$36 to HK$48.7, maintaining a “outperforming the market” rating. The bank raised Lenovo's adjusted net profit forecast for the 2027-2028 fiscal year by 40% and 35%, respectively, to US$4.4 billion and US$4.8 billion, to maintain the preferred stock in the Chinese technology sector.
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