Lenovo Stock Prediction: Why You Should Go Long Lenovo
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
LNVGY - Lenovo Market
Summary:- The PC market is finally stabilizing and has stopped its quarterly decline in global sales.
- I endorsed a buy rating for HPQ, I am also endorsing LNVGY as a buy. Lenovo and Hewlett-Packard are the biggest beneficiaries of a recovering PC market.
- The personal computer is not yet dead. Lenovo continues to innovate to make its PC products attractive and necessary to consumers
- Lenovo also expects its smartphone and server business profitable in the near future. The shift to higher-margin phone models definitely helps Lenovo.
- LNVGY has received very positive near-term and long-term algorithmic forecasts from I Know First. It might be wise to go long on this stock now.