Lenovo: Results Beat Expectations And Prospects Are Favorable
LNVGYLENOVO GROUP(LNVGY) Seeking Alpha·2024-08-17 05:42
Jovana KuzmanovicMy Buy rating for Lenovo Group Limited (OTCPK:LNVGY) (OTCPK:LNVGF) [992:HK] stays unchanged. LNVGY achieved better-than-expected financial results for Q1 FY 2025 (YE March 31, 2026), and its long-term outlook is good taking into account the growth runway for AI servers and AI PCs. But Lenovo is still trading at an attractive low-teens P/E multiple despite favorable growth prospects, which explains why I continue to assign a Buy rating to the stock. Investors can trade in Lenovo's shares ...