J.P. Morgan released a report on February 10th, Jinsan Data, expecting Lenovo Group (00992.HK) to perform strongly in the last quarter, raising the target price by 16.7% to 14 Hong Kong dollars. The report pointed out that Lenovo's business performed well, which is expected to drive a surprising performance in the last quarter and stimulate a 24% increase in stock price last week, much stronger than the 3% increase in the Hang Seng Index. J.P. Morgan estimates that the development of AI PCs is still in the early stages, but the success of DeepSeek is expected to drive changes in small models. It is expected that the industry's prospects will remain positive before the May Taipei International Computer Show (Computex). Therefore, J.P. Morgan will maintain its rating of Lenovo as unchanged, and based on the steady upward profitability, the target price will be raised by 16.7% to 14 Hong Kong dollars from 12 Hong Kong dollars.
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J.P. Morgan: Lenovo Group's target price raised to 14 Hong Kong dollars, expecting quarterly results to be surprising
J.P. Morgan released a report on February 10th, Jinsan Data, expecting Lenovo Group (00992.HK) to perform strongly in the last quarter, raising the target price by 16.7% to 14 Hong Kong dollars. The report pointed out that Lenovo's business performed well, which is expected to drive a surprising performance in the last quarter and stimulate a 24% increase in stock price last week, much stronger than the 3% increase in the Hang Seng Index. J.P. Morgan estimates that the development of AI PCs is still in the early stages, but the success of DeepSeek is expected to drive changes in small models. It is expected that the industry's prospects will remain positive before the May Taipei International Computer Show (Computex). Therefore, J.P. Morgan will maintain its rating of Lenovo as unchanged, and based on the steady upward profitability, the target price will be raised by 16.7% to 14 Hong Kong dollars from 12 Hong Kong dollars.