HSBC Holdings (HSBA – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Nick Lord from Morgan Stanley maintained a Buy rating on the stock and has a HK$84.60 price target.
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Nick Lord’s rating is based on HSBC Holdings’ recent financial estimates, which show a promising outlook. The company has reported modest upward revisions in revenue estimates due to expectations of sustained higher interest rates, which positively impacts net interest income. Furthermore, the forecast for fees and other income has also been increased for the fiscal years 2025 and 2026, adding to the optimistic revenue projections.
Additionally, cost estimates have been revised downward for the coming years, suggesting improved efficiency and profitability. Although there is a slight increase in expected credit losses, this is counterbalanced by the upward revision of dividend per share estimates for the future years, indicating strong shareholder returns. These factors combined provide a solid foundation for Nick Lord’s Buy rating on HSBC Holdings’ stock.
According to TipRanks, Lord is a 2-star analyst with an average return of 7.5% and an 83.33% success rate.
In another report released on February 3, Goldman Sachs also maintained a Buy rating on the stock with a £9.54 price target.