Continuously maintain a strong market leadership position in the PC sector, Citigroup: raises Lenovo's target price to HKD 13.6

Zhitong
2025.10.23 03:49
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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