Lenovo, HK0992009065

UOB keeps HKD 49.00 target for Lenovo stock on AI growth

Published on 10/23/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB keeps a HKD 49.00 target for Lenovo on October 21, 2026. Q1 revenue hit USD 26.94 billion, up 43 percent, and Lenovo stock costs EUR 2.59.

Growth, valuation and reporting date

UOB Kay Hian maintained a Buy rating and HKD 49.00 target on October 21, 2026.
Lenovo reported USD 26.94 billion of first-quarter revenue for fiscal 2026/27, up 43 percent year over year.
Lenovo stock trades at EUR 2.59 at 9:30 a.m. CEST at Lang & Schwarz on October 23, 2026.

Lenovo, HK0992009065, Illustration mit AI erstellt.

Lenovo Group Limited (ISIN HK0992009065) is at the center of a fresh analyst call after UOB Kay Hian maintained a Buy rating and HKD 49.00 target on October 21, 2026. The report links its view to expected growth in Lenovo's infrastructure business and AI server demand.

AI servers drive the estimate

UOB Kay Hian expects second-quarter fiscal 2026/27 revenue of USD 27.27 billion, up 33.30 percent year over year, with adjusted operating margin at 6.70 percent. Its forecast puts non-IFRS net profit at USD 1.23 billion, up 88.00 percent year over year, although a USD 1.90 billion non-cash fair value loss could push reported net income to a USD 680.00 million loss.

The contrast matters for investors. Lenovo's adjusted earnings outlook remains tied to infrastructure growth, while the warrant-related accounting effect could make reported profit much weaker than operating performance.

Three results milestones through October

On August 13, 2026, Lenovo reported first-quarter fiscal 2026/27 revenue of USD 26.94 billion, up 43.00 percent year over year, and adjusted net income of USD 1.08 billion, up 176.00 percent, according to Business Wire. On October 14, 2026, UOB Kay Hian reported that Lenovo's third-quarter PC shipments fell 22.60 percent year over year to 14.90 million units. On October 21, 2026, the firm maintained its HKD 49.00 target while forecasting USD 1.23 billion in adjusted second-quarter net profit.

What does the target imply?

The HKD 49.00 target is nearly twice the HKD 25.26 reference price cited in the October 21 report, but the comparison is an analyst forecast rather than a guaranteed outcome. The same report expects infrastructure revenue growth of 120.00 percent year over year and device revenue growth of 11.00 percent.

Next reporting date is November 19

Moomoo lists November 19, 2026 as the next reporting date, when Lenovo's board is scheduled to review interim results and consider dividend distributions.

Price stays below analyst target

Lenovo's market capitalization was HKD 291.2 billion as of October 23, 2026. The stock was trading at EUR 2.59 at Lang & Schwarz on October 23, 2026 at 9:30 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Lenovo stock.