2024-05-23 12:00:50 ET
Summary
- The outlook for Lenovo's key businesses is favorable, considering the positive read-throughs from the company's above-expectations Q4 results and relevant third-party industry research.
- Lenovo's stock is trading below fair valuation based on a comparison of its P/E metric with peers and its bottom line growth forecasts.
- I have assessed LNVGY to be an undervalued AI play, which has prompted me to raise my rating for the name to a Buy.
Elevator Pitch
I rate Lenovo Group Limited ( OTCPK:LNVGY ) ( OTCPK:LNVGF ) [992:HK] as a Buy.
My earlier article published on January 15, 2024 touched on AI PCs and Lenovo's valuations. In the current update, I revisit how Lenovo will benefit from AI-related tailwinds and take another look at the stock's key valuation metrics following the company's recent results' announcement....
Read the full article on Seeking Alpha
For further details see:
Lenovo: Revisiting AI Growth Potential And Valuations (Rating Upgrade)