Lenovo, HK0992009065

Morgan Stanley raises target for Lenovo stock to HKD 46

Published on 10/16/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley raised Lenovo's target to HKD 46 on October 16, 2026. Lenovo stock costs EUR 3.21 on October 16, 2026, with Q1 revenue at USD 26.90 billion.

Analyst target and quarterly growth

Morgan Stanley raised its Lenovo target to HKD 46 on October 16, 2026.
Lenovo reported USD 26.90 billion in first-quarter revenue for fiscal 2026/27.
Lenovo stock trades at EUR 3.21 at 10:40 a.m. CEST at Lang & Schwarz on October 16, 2026.

Lenovo, HK0992009065, Illustration mit AI erstellt.

Lenovo (HK0992009065) is trading at EUR 3.21 at Lang & Schwarz on October 16, 2026 at 10:40 a.m. CEST. According to GMT EIGHT on October 16, 2026, Morgan Stanley raised its target for Lenovo from HKD 34 to HKD 46 and kept an Overweight rating. The target revision puts the analyst view alongside Lenovo's strongest reported quarter.

Three events set the timeline

On August 13, 2026, Business Wire reported Lenovo's first-quarter fiscal 2026/27 revenue at USD 26.90 billion, up 43.00 percent year over year. On October 9, 2026, a China Post Securities note carried by Futunn highlighted USD 8.50 billion of Infrastructure Solutions Group revenue, up 98.00 percent year over year. On October 16, 2026, GMT EIGHT reported Morgan Stanley's target increase to HKD 46.

What does the target mean for growth?

The analyst case rests on infrastructure demand and the conversion of AI investment into higher-margin operations. Lenovo said AI-related revenue reached USD 9.30 billion in the first quarter of fiscal 2026/27, up 60.00 percent year over year, while the figure represented 35.00 percent of group revenue, according to the company's investor-relations page.

The first-quarter earnings mix also showed a sharp contrast between scale and profitability. Adjusted net income rose 176.00 percent year over year to USD 1.10 billion, while research and development spending increased 30.00 percent in the same period. Those figures explain why Morgan Stanley's report focused on the Infrastructure Solutions Group margin, which it placed at 9.10 percent.

Next reporting date is October 29

NewsCase reported that Lenovo's next earnings release is scheduled for October 29, 2026. That date will give investors a fresh test of whether infrastructure growth can offset slower personal-computer demand in the second half of 2026.

Lenovo stock after the target move

Lenovo is listed on the Hong Kong Stock Exchange under ticker 992, while its American depositary receipt trades under LNVGY. The company's first-quarter revenue and adjusted net income provide the fundamental backdrop for the higher target, but the next report will show whether the pace can persist.

Lenovo was trading at EUR 3.21 at Lang & Schwarz on October 16, 2026 at 10:40 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Lenovo stock.