On July 13, Lenovo Group rose 4.08% in regular trading, trading at 25.56 HKD/share with turnover of 2.2 billion HKD, extending the prior week's cumulative gain of nearly 15%.
The rally was driven by a wave of international investment banks upgrading ratings and target prices. Morgan Stanley upgraded Lenovo to \"Overweight\" with a target price raised from 14.2 HKD to 30 HKD, citing AI-driven demand fundamentally reshaping memory supply-demand dynamics and projecting ISG business revenue to surge 74% in FY2027 with profit contribution rising to 35%. CLSA raised its target to 36 HKD, naming Lenovo its top China tech pick. Nomura lifted its target to 35 HKD, while CICC raised its target 50% to 30 HKD based on 18x FY2027 P/E, highlighting AI server potential orders of $21 billion and improved ISG profitability.
Within the Technology Hardware sector, Lenovo led gains. Among peers, Lenovo Group-R rose 4.25%, Legend Holdings rose 2.32%, Huaqin rose 1.5%, Xiaomi rose 1.24%, while Sunmi Tech fell 0.23%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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