HSBC Lifts Apple's Price Target 41% On AI-Driven iPhone Bet
Analyst Nicolas Cote-Colisson shifted Apple from Hold to Buy, betting its 2.5 billion device installed base fuels the next iPhone wave.
- Target price jumps from $260 to $366 as HSBC upgrades the stock to Buy.
- HSBC raised iPhone forecasts 11% to 13%, projecting 11.6% unit growth in fiscal 2027.
- Apple spends just 2.5% of 2026 sales on capex, versus 39% for AI-building hyperscalers.
Why it matters: A forecast dressed as a rating still needs someone to buy the next iPhone to come true.
ZeroHedge, citing HSBC analyst Nicolas Cote-Colisson research note ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check