[ET Net News Agency, 28 May 2021] Goldman Sachs raised its target price for Lenovo
(00992) to HK$11 from HK$10.85 and maintained its "neutral" rating.
The research house said the risks are (1) lower-/higher-than-expected GM in the
smartphone business, (2) lower-/higher-than-expected GM trends for the PC business, (3)
lower-/higher-than-expected revenue growth for the data centre business, (4) US-China
trade tensions, considering Lenovo's 15~20% revenue exposure to the US market, (5)
faster-than-expected market share gain in the data centre business as upside risk. (RC)