HSBC Apple · AAPL

HSBC Reiterates Buy on Apple, $366 Price Target

Analyst: Nicolas Cote-Colisson 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$366
Unchanged
Upside
+8%
AAPL at $338 today
HSBC and Apple logos

What the analyst said

HSBC analyst Nicolas Cote-Colisson reiterated a Buy rating and $366 price target on Apple (NASDAQ: AAPL).

“We retain a Buy rating on Apple with a TP of USD366 (unchanged) implying an upside of 14.4%.

We use a target 2027e non-GAAP P/E of 33.5x based on the 10-year average +2SD on our FY27e non-GAAP EPS estimate of USD11.22, to which we apply a regulatory risk discount of 2.5% (all unchanged).

Apple may continue to face supply chain bottlenecks due to high demand for its products, but we think the company is in a strong position to mitigate this as well as the cost pressure, including by applying more pricing power.

Downside risks include low take up of new AI services and competition from AI labs with new form factors that could challenge smartphones.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AAPL trades at $338. The 16 analysts who set a target in the last 3 months range from $250 to $400, with a median of $358. This $366 target is 2% above the median.

Since the note AAPL has moved +6% (from $320). 12-month window: day 55 of 365, closes on September 8, 2027.

Track record

This callOpen: AAPL has not reached $366 yet. This 12-month target is scored on July 17, 2027. Same target as this firm’s July 17, 2026 note, so it is scored there.

Firm track recordHSBC: 60% of its 20 targets at least a year old were reached within 12 months (#24 of 26 firms). Accuracy ranking →

HSBC on Apple

HSBC price targets on Apple

3 calls from May 1, 2026 to September 8, 2026. The target went from $260 to $366 (+41%). The rating moved from Hold to Buy.

HSBC targetAAPL share price
  1. September 8, 2026 This noteKept the $366 targetBuy$366
  2. July 17, 2026Upgraded to Buy, target raised from $260 (+41%)Buy$366
  3. May 1, 2026Earliest call shownHold$260
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Other analysts on Apple

BernsteinBuy Kept rating and price target Oct 29 $370maintained EvercoreBuy Kept rating and price target Oct 27 $380maintained UBSHold Kept rating and price target Oct 20 $296maintained Loop CapitalHold Downgraded, cut price target −11% Oct 20 $330from $370 KeyBancSell Kept rating and price target Oct 19 $250maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.