Is HSBC a reliable analyst?

In short — Over 1 year, 63.9% of HSBC's targets proved profitable, for an average gain of +16.1% per call (all calls, winners and losers) — i.e. +6.5% vs its sector, across 252 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

63.9%profitable calls

+16.1%avg gain / call

+6.5%vs sector

252scored calls

In which sectors is HSBC reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Materials

68.4%

+32.0%

+48.2%

+71.7% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FCX	▲ Buy	Oct 17, 25	Oct 17, 26	$42.19	🎯$50	$72.42	+19%	+72% so far
MLM	▼ Reduce	Sep 15, 23	Sep 14, 24	$425.13	🎯$376	$531.41	-12%	-24.6%
MOS	▼ Reduce	Feb 21, 23	Feb 21, 24	$48.86	🎯$43	$30.29	-12%	+38.1%
ALB	▲ Buy	Jan 27, 22	Jan 27, 23	$205.43	🎯$280	$281.44	+36%	+37.1%
LYB	▲ Buy	Dec 10, 21	Dec 10, 22	$89.91	🎯$112	$82.72	+25%	-7.7%
CF	▲ Buy	Aug 20, 21	Aug 20, 22	$44.47	🎯$59.5	$105.84	+34%	+137.6%
MOS	▲ Buy	Aug 20, 21	Aug 20, 22	$30.72	🎯$39	$55.3	+27%	+80.2%
ALB	▲ Buy	Oct 21, 20	Oct 21, 21	$95.87	🎯$121	$233.92	+26%	+144.3%

Sample (7 recent finished + 1 in progress) of 19 calls.

▸ Tech

68.9%

+35.9%

+37.2%

+31.7% (19)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SNPS	▲ Buy	Sep 25, 26	Sep 25, 27	$425.76	🎯$700	$494.51	+64%	+16% so far
AAPL	▲ Buy	Sep 8, 26	Sep 8, 27	$315.34	🎯$366	$341.27	+16%	+8% so far
AMAT	▲ Buy	Jul 27, 26	Jul 27, 27	$516.89	🎯$683	$464.24	+32%	-10% so far
AAPL	▲ Buy	Jul 17, 26	Jul 17, 27	$326.59	🎯$366	$341.27	+12%	+4% so far
IBM	▼ Reduce	Jul 14, 26	Jul 14, 27	$211.2	🎯$191	$230.78	-10%	+9% so far
ADBE	▲ Buy	Jul 2, 26	Jul 2, 27	$219.72	🎯$308	$236.28	+40%	+8% so far
FTNT	▼ Reduce	Jun 30, 26	Jun 30, 27	$158.98	—	$190.76	—	+20% so far
MRVL	▲ Buy	May 26, 26	May 26, 27	$198.7	🎯$300	$268.73	+51%	+35% so far

Sample (0 recent finished + 8 in progress) of 45 calls.

▸ Industry

65.2%

+24.9%

+31.9%

+6.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
VRT	▲ Buy	Mar 25, 26	Mar 25, 27	$276.16	🎯$325	$237.29	+18%	-14% so far
ETN	▲ Buy	Jan 16, 26	Jan 16, 27	$337.59	🎯$400	$428.31	+18%	+27% so far
CPRT	▲ Buy	Sep 4, 25	Sep 4, 26	$49.97	🎯$62	$33.48	+24%	-32.5%
WM	▲ Buy	Apr 25, 25	Apr 25, 26	$229.08	🎯$265	$226.79	+16%	-1.3%
TT	▲ Buy	Apr 25, 25	Apr 25, 26	$351.32	🎯$415	$484.82	+18%	+38.3%
GEV	▲ Buy	Aug 12, 24	Aug 12, 25	$179.65	🎯$215	$634.16	+20%	+253.1%
UAL	▲ Buy	May 13, 24	May 13, 25	$54.4	🎯$69.2	$82.69	+27%	+51.8%
DAL	▲ Buy	May 13, 24	May 13, 25	$52.99	🎯$72.8	$52.99	+37%	+0%

Sample (6 recent finished + 2 in progress) of 23 calls.

▸ Cons. disc.

71.1%

+16.6%

+16.3%

+11.6% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CCL	▲ Buy	Mar 30, 26	Mar 30, 27	$23.96	🎯$30.1	$26.73	+26%	+12% so far
AMZN	▲ Buy	Aug 4, 25	Aug 4, 26	$211.65	🎯$256	$277.26	+21%	+31.1%
TSLA	▼ Reduce	Jul 3, 25	Jul 3, 26	$293.94	🎯$120	$420.33	-59%	-42.8%
APTV	▲ Buy	Feb 4, 25	Feb 4, 26	$61.27	🎯$77	$79.65	+26%	+30.1%
AMZN	▲ Buy	Jan 13, 25	Jan 13, 26	$217.76	🎯$270	$237.36	+24%	+8.7%
TSLA	▼ Reduce	Oct 11, 24	Oct 11, 25	$219.16	🎯$124	$436.13	-43%	-98.9%
LULU	▲ Buy	Jun 6, 24	Jun 6, 25	$323.03	🎯$425	$264.88	+32%	-17.9%
HD	▼ Reduce	May 15, 24	May 15, 25	$342.73	🎯$318	$380.43	-7%	-11.1%

Sample (7 recent finished + 1 in progress) of 38 calls.

▸ Finance

76.9%

+13.0%

+14.4%

+2.7% (11)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
C	▲ Buy	Sep 28, 26	Sep 28, 27	$130.8	🎯$164	$124.53	+25%	-5% so far
USB	▲ Buy	Sep 28, 26	Sep 28, 27	$58.14	🎯$76	$56.89	+31%	-2% so far
PNC	▲ Buy	Sep 28, 26	Sep 28, 27	$221.65	🎯$283	$219.48	+28%	-1% so far
KKR	▲ Buy	Jul 20, 26	Jul 20, 27	$96.97	🎯$121	$87.16	+25%	-10% so far
APO	▲ Buy	Jul 20, 26	Jul 20, 27	$118.24	🎯$145	$116.28	+23%	-2% so far
SYF	▲ Buy	Jul 13, 26	Jul 13, 27	$73.68	🎯$97	$73.59	+32%	+0% so far
COF	▲ Buy	Jul 13, 26	Jul 13, 27	$203.02	🎯$229	$198.07	+13%	-2% so far
AIG	▲ Buy	Jul 6, 26	Jul 6, 27	$80.75	🎯$88	$77.65	+9%	-4% so far

Sample (0 recent finished + 8 in progress) of 26 calls.

▸ Comm.

69.2%

+8.8%

+9.7%

+7.5% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TTD	▼ Reduce	Aug 10, 26	Aug 10, 27	$13.39	🎯$10	$12.17	-25%	-9% so far
GOOGL	▲ Buy	Jun 2, 26	Jun 2, 27	$358.99	🎯$420	$353.78	+17%	-1% so far
TTD	▼ Reduce	May 11, 26	May 11, 27	$21.52	🎯$20	$12.17	-7%	-43% so far
NFLX	▲ Buy	Jan 12, 26	Jan 12, 27	$89.41	🎯$107	$70.46	+20%	-21% so far
GOOGL	▲ Buy	Oct 7, 25	Oct 7, 26	$245.76	🎯$285	$351.44	+16%	+42.6%
TTWO	▲ Buy	Aug 12, 24	Aug 12, 25	$147.29	🎯$179	$232.72	+22%	+57.9%
TTD	▲ Buy	Dec 18, 23	Dec 17, 24	$75.63	🎯$83.2	$135.38	+10%	+78.5%
TTWO	▲ Buy	Jul 25, 23	Jul 24, 24	$151.03	🎯$170	$152.54	+13%	+1.2%

Sample (4 recent finished + 4 in progress) of 13 calls.

▸ Health

51.7%

+4.0%

+1.7% (24)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ABBV	▲ Buy	Sep 10, 26	Sep 10, 27	$257.12	🎯$315	$274.36	+23%	+7% so far
BIIB	▼ Reduce	Sep 10, 26	Sep 10, 27	$217.15	🎯$175	$228.9	-19%	+5% so far
LLY	▼ Reduce	Sep 10, 26	Sep 10, 27	$1115.7	🎯$940	$1166.51	-16%	+5% so far
GILD	▲ Buy	Sep 10, 26	Sep 10, 27	$143.72	🎯$175	$147.92	+22%	+3% so far
JNJ	▲ Buy	Sep 10, 26	Sep 10, 27	$265.58	🎯$320	$248.61	+20%	-6% so far
MRK	▲ Buy	Sep 10, 26	Sep 10, 27	$143.93	🎯$172	$141.98	+20%	-1% so far
REGN	▲ Buy	Sep 10, 26	Sep 10, 27	$781.49	🎯$920	$753.12	+18%	-4% so far
REGN	▲ Buy	Jul 6, 26	Jul 6, 27	$676.23	🎯$880	$753.12	+30%	+11% so far

Sample (0 recent finished + 8 in progress) of 29 calls.

▸ Cons. staples

53.6%

+2.6%

+1.0% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TGT	▲ Buy	Sep 30, 26	Sep 30, 27	$156.7	🎯$190	$151.99	+21%	-3% so far
DG	▲ Buy	Sep 24, 26	Sep 24, 27	$122.53	🎯$160	$125	+31%	+2% so far
KDP	▲ Buy	Aug 13, 26	Aug 13, 27	$31.44	🎯$40	$32.66	+27%	+4% so far
EL	▲ Buy	Jun 27, 25	Jun 27, 26	$80.09	🎯$99	$79.29	+24%	-0.9%
KDP	▲ Buy	Apr 25, 25	Apr 25, 26	$34.04	🎯$42	$28.25	+23%	-17.3%
WMT	▲ Buy	Jun 11, 24	Jun 11, 25	$66.31	🎯$81	$94.82	+22%	+43%
TSN	▼ Reduce	May 7, 24	May 7, 25	$59.13	🎯$51	$56.17	-14%	+4.7%
STZ	▲ Buy	Apr 12, 24	Apr 12, 25	$262.24	🎯$300	$186.19	+14%	-28.6%

Sample (5 recent finished + 3 in progress) of 28 calls.

▸ Energy

54.2%

-1.4%

-3.4%

+17.8% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CVX	▲ Buy	Sep 25, 26	Sep 25, 27	$204.45	🎯$250	$217.73	+22%	+6% so far
OXY	▲ Buy	Mar 20, 26	Mar 20, 27	$60.71	🎯$68	$61.65	+12%	+2% so far
CVX	▲ Buy	Dec 1, 25	Dec 1, 26	$152.54	🎯$169	$217.73	+11%	+43% so far
HAL	▲ Buy	Oct 22, 25	Oct 22, 26	$27.22	🎯$30	$32.79	+10%	+20% so far
OXY	▲ Buy	Oct 3, 25	Oct 3, 26	$44.85	🎯$55	$58.31	+23%	+30%
CVX	▲ Buy	Apr 30, 24	Apr 30, 25	$159.63	🎯$178	$135.69	+12%	-14.6%
SLB	▲ Buy	Apr 4, 24	Apr 4, 25	$55.03	🎯$71	$33.02	+29%	-39.8%
HAL	▲ Buy	Jul 21, 23	Jul 20, 24	$36.94	🎯$50	$33.25	+35%	-9.6%

Sample (4 recent finished + 4 in progress) of 24 calls.

The 25 stocks HSBC performed best on

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ AMD Advanced Micro Devices

50%

+101.9%

+153.8% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMD	▲ Buy	Oct 15, 25	Oct 15, 26	$238.6	🎯$310	$605.53	+30%	+154% so far
AMD	▲ Buy	Sep 9, 25	Sep 9, 26	$155.82	🎯$185	$520.44	+19%	+234.4%
AMD	▲ Buy	Jul 10, 25	Jul 10, 26	$144.16	🎯$200	$557.9	+39%	+287%
AMD	▼ Reduce	Jan 8, 25	Jan 8, 26	$121.84	🎯$110	$204.69	-10%	-68%
AMD	▲ Buy	Apr 16, 24	Apr 16, 25	$163.46	🎯$225	$88.27	+38%	-46%

▸ ALB Albemarle Corporation

66.7%

+51.6%

+90.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ALB	▲ Buy	Jan 27, 22	Jan 27, 23	$205.43	🎯$280	$281.44	+36%	+37.1%
ALB	▲ Buy	Oct 21, 20	Oct 21, 21	$95.87	🎯$121	$233.92	+26%	+144.3%
ALB	▲ Buy	Dec 10, 18	Dec 10, 19	$89.04	🎯$112.5	$65	+26%	-26.7%

▸ MOS Mosaic Company (The)

80%

+26.2%

+59.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MOS	▼ Reduce	Feb 21, 23	Feb 21, 24	$48.86	🎯$43	$30.29	-12%	+38.1%
MOS	▲ Buy	Aug 20, 21	Aug 20, 22	$30.72	🎯$39	$55.3	+27%	+80.2%
MOS	▲ Buy	Oct 11, 17	Oct 11, 18	$21.1	🎯$24.8	$32.71	+18%	+54.9%
MOS	▼ Reduce	May 23, 16	May 23, 17	$26.31	🎯$22	$23.42	-16%	+11.4%
MOS	▲ Overweight	Feb 10, 15	Feb 10, 16	$50.78	🎯$56	$23.36	+10%	-53.9%
MOS	▼ Underweight	Nov 4, 13	Nov 4, 14	$46.73	🎯$40	$43.46	-14%	+6.9%
MOS	▼ Underweight	Aug 21, 13	Aug 21, 14	$40.97	🎯$33	$47.53	-19%	-16.1%

▸ NVDA Nvidia

88.9%

+47.8%

+15.4% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NVDA	▲ Buy	May 19, 26	May 19, 27	$223.47	🎯$325	$228.52	+45%	+2% so far
NVDA	▲ Buy	Feb 24, 26	Feb 24, 27	$195.56	🎯$310	$228.52	+59%	+17% so far
NVDA	▲ Buy	Oct 15, 25	Oct 15, 26	$179.83	🎯$320	$228.52	+78%	+27% so far
NVDA	▲ Buy	Jan 13, 25	Jan 13, 26	$131.76	🎯$185	$183.15	+40%	+39%
NVDA	▲ Buy	Nov 14, 24	Nov 14, 25	$146.76	🎯$200	$190.79	+36%	+29.6%
NVDA	▲ Buy	Aug 21, 24	Aug 21, 25	$123.74	🎯$145	$178.19	+17%	+43.8%
NVDA	▲ Buy	May 10, 24	May 10, 25	$90.4	🎯$1350	$122.94	+1393%	+36.1%
NVDA	▲ Buy	Mar 18, 24	Mar 18, 25	$88.46	🎯$1050	$115.88	+1087%	+30.5%

Sample (5 recent finished + 3 in progress) of 9 calls.

▸ CRWD CrowdStrike

100%

+38.8%

+143.2% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRWD	▲ Buy	Feb 13, 26	Feb 13, 27	$107.41	🎯$446	$261.21	+315%	+143% so far
CRWD	▲ Buy	Aug 30, 24	Aug 30, 25	$69.32	🎯$339	$103.29	+389%	+49.1%
CRWD	▲ Buy	Mar 6, 24	Mar 6, 25	$82.39	🎯$412	$87.33	+400%	+5.5%
CRWD	▲ Buy	Sep 15, 23	Sep 14, 24	$41.36	🎯$200	$67	+384%	+61.9%

▸ MS Morgan Stanley

100%

+21.4%

+30.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MS	▲ Buy	Oct 4, 24	Oct 4, 25	$107.88	🎯$118	$158.58	+9%	+46.5%
MS	▲ Buy	Sep 7, 23	Sep 6, 24	$83.84	🎯$99	$96.42	+18%	+15.2%
MS	▲ Buy	Sep 15, 17	Sep 15, 18	$46.6	—	$47.53	—	+2.3%

▸ AMZN Amazon

100%

+27.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMZN	▲ Buy	Aug 4, 25	Aug 4, 26	$211.65	🎯$256	$277.26	+21%	+31.1%
AMZN	▲ Buy	Jan 13, 25	Jan 13, 26	$217.76	🎯$270	$237.36	+24%	+8.7%
AMZN	▲ Buy	Nov 2, 23	Nov 1, 24	$138.07	🎯$160	$197.44	+16%	+43.4%

▸ GS Goldman Sachs

80%

+13.2%

+14.4%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GS	▼ Reduce	Jul 8, 25	Jul 8, 26	$697.28	🎯$627	$1031.97	-10%	-47.7%
GS	▲ Buy	Apr 16, 24	Apr 16, 25	$403.91	🎯$470	$508.93	+16%	+26.1%
GS	▲ Buy	Mar 28, 24	Mar 28, 25	$417.69	🎯$460	$543	+10%	+30%
GS	▲ Buy	Sep 7, 23	Sep 6, 24	$321.96	🎯$403	$479.72	+25%	+49%
GS	▲ Buy	Dec 5, 16	Dec 5, 17	$228.55	🎯$250	$249.12	+9%	+8.7%

▸ KO Coca-Cola Company (The)

57.1%

+9.8%

+12.3%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
KO	▲ Buy	Jun 7, 23	Jun 6, 24	$60.22	🎯$74	$64.44	+23%	+6.5%
KO	▲ Buy	Sep 6, 22	Sep 6, 23	$61.18	🎯$76	$58.73	+24%	-3.9%
KO	▲ Buy	Apr 26, 22	Apr 26, 23	$65.05	🎯$72	$63.75	+11%	-2.3%
KO	▲ Buy	Jan 13, 21	Jan 13, 22	$49.23	🎯$58	$61.54	+18%	+24.7%
KO	▲ Buy	Jul 22, 20	Jul 22, 21	$48.28	🎯$54	$56.97	+12%	+18.1%
KO	▲ Buy	Mar 24, 20	Mar 24, 21	$39.45	🎯$45	$51.68	+14%	+30.6%
KO	▲ Buy	Feb 24, 16	Feb 23, 17	$43.91	🎯$50	$41.71	+14%	-5.1%

▸ CCL Carnival Corporation

75%

+14.1%

+11.5%

+11.6% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CCL	▲ Buy	Mar 30, 26	Mar 30, 27	$23.96	🎯$30.1	$26.73	+26%	+12% so far
CCL	▼ Reduce	Jun 14, 22	Jun 14, 23	$9.84	🎯$7.7	$16.14	-22%	-63.8%
CCL	▲ Buy	May 11, 20	May 11, 21	$13.85	🎯$15.9	$25.9	+15%	+86.9%
CCL	▲ Buy	Oct 3, 16	Oct 3, 17	$49.13	🎯$60	$63.87	+22%	+30.5%
CCL	▲ Buy	Nov 25, 15	Nov 24, 16	$50.99	🎯$60	$52.52	+18%	+3.1%
CCL	▲ Overweight	Feb 5, 14	Feb 5, 15	$38.62	🎯$43.5	$43.64	+13%	+13.2%

▸ MRNA Moderna

33.3%

+9.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MRNA	▲ Buy	Nov 18, 24	Nov 18, 25	$39.51	🎯$58	$24.89	+47%	-36.9%
MRNA	▼ Reduce	Feb 26, 24	Feb 25, 25	$94.02	🎯$86	$32.91	-9%	+64.6%
MRNA	▼ Reduce	Jul 14, 23	Jul 13, 24	$121.35	🎯$97	$121.35	-20%	-0.1%

▸ CVX Chevron Corporation

80%

+9.3%

+6.9%

+24.6% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CVX	▲ Buy	Sep 25, 26	Sep 25, 27	$204.45	🎯$250	$217.73	+22%	+6% so far
CVX	▲ Buy	Dec 1, 25	Dec 1, 26	$152.54	🎯$169	$217.73	+11%	+43% so far
CVX	▲ Buy	Apr 30, 24	Apr 30, 25	$159.63	🎯$178	$135.69	+12%	-14.6%
CVX	▲ Buy	May 23, 23	May 22, 24	$156.85	🎯$189	$156.85	+20%	+0.5%
CVX	▲ Buy	Jul 20, 22	Jul 20, 23	$146.52	🎯$167	$156.78	+14%	+6.7%
CVX	▲ Buy	Jan 14, 21	Jan 14, 22	$95.49	🎯$105	$128.91	+10%	+35.1%
CVX	▲ Buy	Jun 5, 17	Jun 5, 18	$103.19	—	$122.8	—	+18.9%
CVX	▲ Overweight	Dec 6, 13	Dec 6, 14	$123.34	🎯$138	$107.31	+12%	-13.4%

▸ T AT&T

33.3%

-1.4%

+4.4%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
T	▲ Buy	Jun 5, 23	Jun 4, 24	$15.39	🎯$19	$18.31	+23%	+19.2%
T	▲ Buy	Apr 21, 23	Apr 20, 24	$18.22	🎯$21	$16.4	+15%	-10.5%
T	▲ Buy	Mar 28, 18	Mar 28, 19	$26.86	—	$23.37	—	-12.8%

▸ CTSH Cognizant

66.7%

+18.4%

+1.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CTSH	▲ Buy	May 5, 23	May 4, 24	$63.29	🎯$75	$66.45	+19%	+5%
CTSH	▲ Buy	Jul 22, 21	Jul 22, 22	$69.29	🎯$90	$67.9	+30%	-1.5%
CTSH	▲ Buy	Sep 30, 16	Sep 30, 17	$47.71	—	$72.52	—	+51.9%

▸ NKE Nike, Inc.

100%

+15.8%

+1.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NKE	▲ Buy	Mar 31, 21	Mar 31, 22	$132.53	🎯$162	$133.86	+22%	+0.8%
NKE	▲ Buy	Feb 25, 21	Feb 25, 22	$135.54	🎯$158	$138.25	+17%	+2.4%
NKE	▲ Buy	Jan 9, 19	Jan 9, 20	$76.59	🎯$95	$101.86	+24%	+32.5%
NKE	▲ Buy	Apr 27, 18	Apr 27, 19	$69.56	—	$88.34	—	+26.9%
NKE	▲ Buy	Dec 5, 16	Dec 5, 17	$51.85	🎯$60	$60.66	+16%	+16.5%

▸ BKR Baker Hughes

50%

-2.4%

+0.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
BKR	▲ Buy	Jul 21, 23	Jul 20, 24	$35.43	🎯$43	$35.78	+21%	+0.7%
BKR	▲ Buy	Apr 21, 23	Apr 20, 24	$29.66	🎯$40	$32.33	+35%	+9.4%
BKR	▲ Buy	Apr 26, 22	Apr 26, 23	$31.35	🎯$38.3	$28.84	+22%	-8.3%
BKR	▲ Buy	Jul 13, 17	Jul 13, 18	$36.84	🎯$48	$32.79	+30%	-11.4%

▸ STZ Constellation Brands

80%

-1.9%

-5.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
STZ	▲ Buy	Apr 12, 24	Apr 12, 25	$262.24	🎯$300	$186.19	+14%	-28.6%
STZ	▲ Buy	Oct 6, 23	Oct 5, 24	$236.61	🎯$290	$243.71	+23%	+2.7%
STZ	▲ Buy	Jun 7, 23	Jun 6, 24	$243.32	🎯$280	$250.62	+15%	+2.8%
STZ	▲ Buy	Oct 13, 21	Oct 13, 22	$219.13	🎯$262	$225.7	+20%	+3.1%
STZ	▲ Buy	Jan 7, 19	Jan 7, 20	$172.34	—	$189.57	—	+10.4%

▸ HD Home Depot (The)

33.3%

-6.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
HD	▼ Reduce	May 15, 24	May 15, 25	$342.73	🎯$318	$380.43	-7%	-11.1%
HD	▼ Reduce	Apr 3, 24	Apr 3, 25	$357.68	🎯$323	$354.1	-10%	+1.1%
HD	▼ Reduce	Feb 21, 24	Feb 20, 25	$364.13	🎯$323	$393.26	-11%	-8.4%

▸ LYB LyondellBasell

66.7%

+10.0%

-7.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LYB	▲ Buy	Dec 10, 21	Dec 10, 22	$89.91	🎯$112	$82.72	+25%	-7.7%
LYB	▲ Buy	Nov 2, 18	Nov 2, 19	$93.1	🎯$124	$96.82	+33%	+3.9%
LYB	▲ Buy	Jun 26, 17	Jun 26, 18	$80.89	🎯$101	$108.39	+25%	+33.9%

▸ HAL Halliburton

33.3%

-4.4%

-12.3%

+20.5% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
HAL	▲ Buy	Oct 22, 25	Oct 22, 26	$27.22	🎯$30	$32.79	+10%	+20% so far
HAL	▲ Buy	Jul 21, 23	Jul 20, 24	$36.94	🎯$50	$33.25	+35%	-9.6%
HAL	▲ Buy	Jan 30, 23	Jan 30, 24	$40.34	🎯$57	$36.71	+41%	-8.7%
HAL	▲ Buy	Apr 27, 22	Apr 27, 23	$35.94	🎯$41.6	$31.99	+16%	-11%
HAL	▼ Reduce	Dec 10, 20	Dec 10, 21	$19.99	🎯$14.2	$23.99	-29%	-19.7%
HAL	▲ Buy	Apr 19, 17	Apr 19, 18	$47.69	🎯$65	$51.98	+36%	+9%
HAL	▲ Buy	Sep 3, 15	Sep 2, 16	$38.08	🎯$44	$43.41	+16%	+13.8%

▸ TMO Thermo Fisher Scientific

33.3%

-15.7%

+13.3% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TMO	▲ Buy	Dec 1, 25	Dec 1, 26	$585.15	🎯$670	$663.04	+15%	+13% so far
TMO	▲ Buy	Apr 30, 24	Apr 30, 25	$574.99	🎯$670	$419.74	+17%	-27%
TMO	▲ Buy	Apr 17, 24	Apr 17, 25	$541.52	🎯$660	$422.39	+22%	-22.1%
TMO	▲ Buy	Dec 18, 23	Dec 17, 24	$518.62	🎯$610	$528.99	+18%	+2%

▸ SLB Schlumberger

33.3%

-13.9%

-16.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SLB	▲ Buy	Apr 4, 24	Apr 4, 25	$55.03	🎯$71	$33.02	+29%	-39.8%
SLB	▲ Buy	Jan 30, 23	Jan 30, 24	$56.34	🎯$75	$49.58	+33%	-12.4%
SLB	▲ Buy	Apr 27, 22	Apr 27, 23	$39.95	🎯$44.2	$47.94	+11%	+20.1%
SLB	▼ Reduce	Dec 10, 20	Dec 10, 21	$23.38	🎯$18.1	$31.1	-23%	-32.5%
SLB	▲ Buy	Nov 26, 18	Nov 26, 19	$46.63	—	$36.37	—	-22%
SLB	▲ Buy	Sep 3, 15	Sep 2, 16	$76.26	🎯$96	$78.55	+26%	+3%
SLB	▲ Overweight	Jul 9, 14	Jul 9, 15	$116.96	🎯$135	$83.04	+15%	-28.6%

▸ FTNT Fortinet

25%

-29.8%

-20.0% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FTNT	▼ Reduce	Jun 30, 26	Jun 30, 27	$158.98	—	$190.76	—	+20% so far
FTNT	▲ Buy	Nov 11, 24	Nov 11, 25	$99.15	🎯$111	$82.29	+12%	-17.2%
FTNT	▼ Reduce	May 3, 24	May 3, 25	$58.81	🎯$54	$108.8	-8%	-84.8%
FTNT	▼ Reduce	Feb 7, 24	Feb 6, 25	$70.03	🎯$57	$105.05	-19%	-49.5%
FTNT	▲ Buy	Sep 29, 23	Sep 28, 24	$58.68	🎯$75	$77.46	+28%	+32.2%

▸ TSLA Tesla, Inc.

-64.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TSLA	▼ Reduce	Jul 3, 25	Jul 3, 26	$293.94	🎯$120	$420.33	-59%	-42.8%
TSLA	▼ Reduce	Oct 11, 24	Oct 11, 25	$219.16	🎯$124	$436.13	-43%	-98.9%
TSLA	▼ Reduce	Apr 24, 24	Apr 24, 25	$170.18	🎯$120	$284.2	-29%	-67.4%
TSLA	▼ Reduce	Apr 3, 24	Apr 3, 25	$168.38	🎯$138	$267.72	-18%	-58.7%
TSLA	▼ Reduce	Nov 9, 23	Nov 8, 24	$209.98	🎯$146	$321.27	-30%	-53%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.

❓ HSBC: frequently asked questions

Is HSBC a reliable analyst? How accurate are their price targets?

Over 12 months, 63.9% of HSBC's targets were profitable, averaging +16.1% per call (+6.5% vs their sector), across 252 timestamped calls. Verdict: fairly reliable. We judge on real results, not reputation — the call-by-call detail is further up this page.