---
title: "Daiwa Capital Markets lowered Lenovo Group's target price to 9.7 yuan. PC sales remain stable, but growth visibility is still low"
description: "Daiwa Capital Markets has lowered Lenovo Group's target price from HKD 10.6 to HKD 9.7, maintaining a \"Hold\" rating. It is expected that Lenovo will announce its fiscal year 2026 third-quarter results"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272495780.md"
published_at: "2026-01-14T03:53:23.000Z"
---

# Daiwa Capital Markets lowered Lenovo Group's target price to 9.7 yuan. PC sales remain stable, but growth visibility is still low

> Daiwa Capital Markets has lowered Lenovo Group's target price from HKD 10.6 to HKD 9.7, maintaining a "Hold" rating. It is expected that Lenovo will announce its fiscal year 2026 third-quarter results on February 12, 2026, with adjusted net profit expected to increase by 8.2% year-on-year to USD 470 million, and revenue expected to grow by 12.1% year-on-year. The steady revenue growth is mainly driven by consumer demand for early replacement of personal computers, but the visibility of growth remains low

Daiwa Capital Markets report indicates that Lenovo Group (00992.HK) is expected to announce its third-quarter results for the fiscal year 2026 on February 12, 2026. The firm estimates that its adjusted net profit will increase by 8.2% year-on-year to USD 470 million, while revenue is expected to grow by 12.1% year-on-year. The robust revenue growth is primarily driven by demand from consumers replacing personal computers ahead of further price increases during the memory supercycle. The firm has taken into account the unexpected memory shortage situation and has lowered its estimates for the fiscal years 2027 to 2028. It maintains a "Hold" rating, with the target price revised down from HKD 10.6 to HKD 9.7

### Related Stocks

- [LNVGY.US - Lenovo Group](https://longbridge.com/en/quote/LNVGY.US.md)
- [00992.HK - LENOVO GROUP](https://longbridge.com/en/quote/00992.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| CGS International Keeps Their Buy Rating on Lenovo Group (LNVGF) | CGS International has reaffirmed its Buy rating on Lenovo Group (LNVGF) with a price target of HK$12.00. Additionally, D | [Link](https://longbridge.com/en/news/275885713.md) |
| China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound | Lenovo Group, the largest PC maker, reported a 21% profit drop due to a global memory crunch, warning of its prolonged i | [Link](https://longbridge.com/en/news/275760673.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.