In a report released today, Jim Hin Kwong Au from DBS maintained a Buy rating on Lenovo Group, with a price target of HK$15.00. The company’s shares closed yesterday at $1.50.
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Hin Kwong Au covers the Technology sector, focusing on stocks such as ASM Pacific Technology, Q Technology (Group) Co, and Micron. According to TipRanks, Hin Kwong Au has an average return of 15.9% and a 67.50% success rate on recommended stocks.
Lenovo Group has an analyst consensus of Strong Buy, with a price target consensus of $1.64, implying a 9.33% upside from current levels. In a report released on August 5, CLSA also maintained a Buy rating on the stock with a HK$12.00 price target.
Based on Lenovo Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $16.98 billion and a net profit of $90 million. In comparison, last year the company earned a revenue of $13.83 billion and had a net profit of $247.72 million
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