Woofun AI reports that Morgan Stanley has upgraded Lenovo Group's rating from Neutral to Overweight, raising the target price from HK$14.20 to HK$30.00. This adjustment implies approximately 34% upside potential relative to the July 8 closing price of HK$22.32.

The research team attributes this change to AI-driven demand reshaping memory market dynamics, enabling Lenovo to maintain margins by passing component cost increases to customers. Morgan Stanley projects this pricing power trend to persist through the second half of 2026.