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G Sachs Tweaks Up LENOVO GROUP's TP to HKD13.62, Envisions Further AI PC Growth
2025-10-24 10:16:25
Goldman Sachs has issued a research report predicting LENOVO GROUP (00992.HK) to achieve a CAGR of 11% in FY25-27 revenue on the back of higher value per unit and market share driven by increased penetration of AI PCs, as well as greater contributions from high-end products in the server business.

LENOVO GROUP's PC shipments in the September quarter grew by 17% YoY, surpassing the global market growth of 9%. Goldman Sachs anticipated further growth in the company's AI PC products and optimization of its PC product portfolio.

Goldman Sachs kept a Buy rating on LENOVO GROUP and tweaked up its target price from HKD13.56 to HKD13.62.
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