持续保持 PC 领域强劲市场领导地位 花旗：上调联想目标价至 13.6 港元
Citi raised Lenovo's target price to HKD 13.6, believing that its fundamentals are solid, with IDG's shipment volume increasing year-on-year and stable profit margins. SSG relies on recurring revenue expansion, while ISG has performed well in scale improvement and cost control. Citi maintains a "Buy" rating, expecting Lenovo's future execution capabilities to remain strong, with growth prospects unaffected
Recently, the well-known major bank Citigroup released a view stating that it has predicted Lenovo's (00992) upcoming quarterly financial report, believing that its fundamentals remain robust. The IDG's shipment volume has achieved double-digit year-on-year growth, while the profit margin remains stable, and its strong market leadership in the PC sector is unshakeable; SSG continues to maintain steady expansion relying on the growth momentum of recurring revenue; ISG has seen improvements in scale and cost control, with stable execution capabilities in the server and server business, which will serve as boosters for steady net profit growth and rising stock prices.
Overall, Citigroup believes that Lenovo Group's core business operations align with the management's previous guidance for the second quarter of the fiscal year 2026, and the growth outlook remains unaffected. It maintains a "Buy" rating on the stock and expects its future execution capabilities to continue to be strong, setting a target price of HKD 13.6 and maintaining the "Buy" rating
