On July 22, Lenovo Group rose 3.87% in regular trading, trading at 23.94 HKD/share, with turnover of approximately 3.0 billion HKD.
On the news front, Chairman and CEO Yang Yuanqing announced a target to boost revenue above $100 billion within two years, driven by AI business growth. Multiple investment banks have upgraded Lenovo to Buy with target prices raised to the 30-36 HKD range, citing the transition of its AI server business from scale expansion to profit realization. One bank forecasts FY27 ISG revenue of approximately $28 billion, with AI servers contributing over 30% and EPS estimates running roughly 20% above consensus through FY29.
Additionally, Lenovo showcased its first RISC-V open-architecture server product at WAIC and dominated China's inaugural L3-level AI terminal certification, capturing over 60% of certified devices with 42 out of 66 products across AI PCs, smartphones, and tablets. Market recognition of its full-stack AI positioning continues to strengthen.
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