0718 GMT - Lenovo's PC volumes should stabilize in calendar 2025, supported by an accelerated Windows 11 replacement cycle, CGS International analyst Ray Kwok says in a note. He projects Lenovo's PC revenue to rise 1% and 3% for FY 2025 and FY 2026, respectively, as average selling prices rise due to better product mix and bigger contributions by premium PCs, such as gaming PCs and AI PCs. CGS Interational raises its FY 2026 and FY 2027 EPS forecasts on Lenovo by 13%-15% as the global PC market recovery drives demand for AI PCs and servers, supporting profitability. The brokerage raises the stock's target to HK$15.00 from HK$13.30 and maintains an add rating. Shares are last at HK$13.02. (hoishan.chan@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 02:18 ET (07:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.