Lenovo, HK0992009065

BofA raises target for Lenovo stock from HKD 26.50 to HKD 46.00

Published on 10/15/2026 at 09:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 adjusted net income rose 176.00 percent to USD 1.1 billion. Lenovo stock costs EUR 2.96 on October 15, 2026 as revenue reached USD 26.9 billion.

Analyst target and reporting date

BofA lifted its Lenovo target to HKD 46.00 from HKD 26.50 on October 14, 2026.
Adjusted net income rose 176.00 percent to USD 1.1 billion in the first quarter of fiscal 2026/27.
Lenovo stock trades at EUR 2.96 at 9:34 a.m. CEST at Lang & Schwarz on October 15, 2026.
Lenovo will review interim results and a possible dividend on November 19, 2026.

Lenovo, HK0992009065, Illustration mit AI erstellt.

Lenovo Group (ISIN HK0992009065) drew a Buy upgrade from Neutral and a BofA target of HKD 46.00 from HKD 26.50 on October 14, 2026, as reported by Yahoo Finance. The stock was trading at EUR 2.96 at Lang & Schwarz on October 15, 2026 at 9:34 a.m. CEST. The target change puts server profitability at the center of the investment debate.

Targets widen after AI growth

Yahoo Finance reported that BofA moved Lenovo to Buy from Neutral and raised its target from HKD 26.50 to HKD 46.00. The same report said JPMorgan lifted its stance to Overweight from Neutral with a HKD 30.00 target, while retaining concerns about visibility for PC earnings.

Lenovo's latest reported quarter provides the operating reason behind the revisions. In the first quarter of fiscal 2026/27, revenue reached USD 26.9 billion, up 43.00 percent year over year, while adjusted net income rose 176.00 percent to USD 1.1 billion, according to Lenovo.

What does AI mean for margins?

The infrastructure business supplied the clearest margin signal. Lenovo reported that Infrastructure Solutions Group revenue rose 98.00 percent to USD 8.5 billion in the first quarter, with operating margin reaching 9.1 percent, while Solutions and Services Group posted a 24.2 percent margin. AI-related revenue grew 60.00 percent to USD 9.3 billion, according to Via TT.

Three dated steps to November

On August 13, 2026, Lenovo reported USD 26.9 billion of first-quarter revenue and USD 1.1 billion of adjusted net income through Lenovo. On September 30, 2026, the company introduced Lenovo AI Express with NVIDIA, offering validated configurations and a stated 15-business-day order-to-ship timeline, according to Borse Express. On October 14, 2026, BofA raised its target to HKD 46.00 from HKD 26.50, as reported by Yahoo Finance.

When is the next report?

Lenovo has scheduled November 19, 2026, for a board meeting to review unaudited results for the six months ended September 30, 2026, and consider an interim dividend, according to TipRanks. That date will test whether the infrastructure margin gains can offset continued uncertainty around personal-computer earnings.

Stock price and operating markers

Lenovo's latest quarter combined 43.00 percent revenue growth with a 176.00 percent increase in adjusted net income, while its infrastructure margin reached 9.1 percent. The next scheduled review arrives on November 19, 2026.

Lenovo stock was trading at EUR 2.96 at Lang & Schwarz on October 15, 2026 at 9:34 a.m. CEST.

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