Lenovo, HK0992009065

Morgan Stanley sets HK$49 target for Lenovo Group stock

Published on 10/19/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley sets a HK$49 target on October 19, 2026. Lenovo stock costs EUR 3.15 on October 19, 2026 with USD 26.9 billion Q1 revenue.

Growth drivers and upcoming dates

MT Newswires reported Morgan Stanley's HK$49 target for Lenovo on October 19, 2026.
First-quarter revenue reached USD 26.9 billion, up 43.00 percent year over year.
Lenovo Group stock trades at EUR 3.15 at 9:07 a.m. CEST at Lang & Schwarz on October 19, 2026.
Lenovo will review its first-half results on November 19, 2026.

Lenovo, HK0992009065, Illustration mit AI erstellt.

Lenovo Group (ISIN HK0992009065) stock was trading at EUR 3.15 at Lang & Schwarz on October 19, 2026 at 9:07 a.m. CEST, while MT Newswires reported that Morgan Stanley set a HK$49 target for the company on the same date.

Target follows AI infrastructure growth

The target reflects the growing importance of Lenovo's Infrastructure Solutions Group. A report carried by Futu on October 19, 2026 forecast second-quarter infrastructure revenue growth of 30.00 percent quarter over quarter and projected non-GAAP net income of USD 4.82 billion for fiscal year 2027.

The operating backdrop was already strong in the first quarter of fiscal year 2026/27. Business Wire reported on August 13, 2026 that revenue reached USD 26.943 billion, up 43.00 percent from USD 18.830 billion. Adjusted net income rose 176.00 percent to USD 1.075 billion, while AI-related revenue reached USD 9.3 billion, or 35.00 percent of group revenue.

Three events explain the setup

uSMART reported that Lenovo's fiscal year results on May 22, 2026 included USD 83.1 billion of revenue. On August 13, 2026, Business Wire reported first-quarter revenue of USD 26.943 billion. On October 19, 2026, MT Newswires reported Morgan Stanley's HK$49 target.

What does the target mean?

The main test is whether infrastructure growth can offset weaker personal-computer demand. The October 19 report projected infrastructure revenue to rise 141.00 percent in fiscal year 2027 and 55.00 percent in fiscal year 2028, while Lenovo's first-quarter infrastructure revenue had already increased 98.00 percent year over year to USD 8.5 billion.

Next results date

HKEX reported on October 14, 2026 that Lenovo's board will meet on November 19, 2026 to review unaudited results for the six months ended September 30, 2026 and consider an interim dividend.

Stock and valuation context

Lenovo is listed on the Hong Kong Stock Exchange under ticker 992. The primary-market quote was HKD 28.06 at the October 16, 2026 close, with a market capitalization of HKD 348.1 billion and a 52-week range of HKD 8.52 to HKD 37.88. The euro quote gives German investors a separate trading reference.

Lenovo Group stock was trading at EUR 3.15 at Lang & Schwarz on October 19, 2026 at 9:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Lenovo Group stock.