Goldman Sachs has issued a research report incorporating Lenovo Group's (00992) fiscal 2026 third-quarter results into its assessment. The firm has kept its forecasts for fiscal years 2027 to 2029 largely unchanged. The price target has been increased from HK$11.98 to HK$12.53, with a "Buy" rating maintained. The report expresses a positive view on Lenovo's fiscal 2026 Q3 performance, anticipating that the company's market leadership, scale advantages, and higher proportion of commercial products will help it mitigate the impact of rising memory costs. Lenovo's server business continues to expand, with key drivers of profitability improvement including deeper penetration of general-purpose servers into more cloud service provider networks, an upgraded product mix driven by AI server expansion, and restructuring measures that lower costs and enhance operational efficiency.