HSBC lifts target to USD 77 for Freeport-McMoRan stock

Published on 10/23/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 7.03 billion versus USD 6.62 billion. Freeport-McMoRan stock costs EUR 58.33 on October 23, 2026, below EUR 59.00.

Targets and operating evidence

HSBC set a USD 77.00 target on October 22, 2026, up from USD 75.00.
Second-quarter 2026 revenue reached USD 7.03 billion against USD 6.62 billion expected.
Freeport-McMoRan stock trades at EUR 58.33 at 11:32 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.14 percent below the Xetra close of October 22, 2026 at EUR 59.00.
Freeport-McMoRan is scheduled to report third-quarter 2026 results on October 27, 2026.

Extreme Makroaufnahme eines Kupfererz-Minerals mit grünen Malachit- und goldenen Chalkopyrit-Kristallen — Freeport-McMoRan US35671D8570 – extreme Makroaufnahme von irisierendem Malachit-Chalkopyrit-Erz mit glänzenden Kupferkristallen auf schwarzem Grund, Illustration mit AI erstellt.

Freeport-McMoRan (ISIN US35671D8570) trades at EUR 58.33 at Lang & Schwarz on October 23, 2026, at 11:32 a.m. CEST, down 1.14 percent versus the Xetra close of October 22, 2026 at EUR 59.00. On October 22, 2026, MarketScreener reported that HSBC raised its price target from USD 75.00 to USD 77.00.

Analyst targets reset the range

The HSBC move followed a busy sequence of research updates. On October 6, 2026, Barclays lifted its target from USD 82.00 to USD 83.00, according to MarketScreener. On October 19, 2026, Barclays raised it again from USD 83.00 to USD 84.00, MarketBeat reported.

The chronology shows a wider valuation debate rather than a single-direction analyst view: Barclays moved from USD 82.00 to USD 83.00 on October 6, 2026, then to USD 84.00 on October 19, 2026, while HSBC set USD 77.00 on October 22, 2026. Each target remains above the EUR reference quote, but the currencies are different and are not combined into an upside calculation.

What does the next report mean?

Freeport-McMoRan's second-quarter 2026 revenue was USD 7.03 billion, versus USD 6.62 billion expected, while net income reached USD 984.00 million. Markets Insider said revenue in the comparable period was USD 7.58 billion and net income was USD 772.00 million. The comparison points to lower revenue but higher net income.

Two dates shape the calendar

The next substantiated date is October 27, 2026, when Freeport-McMoRan is scheduled to release third-quarter results. The company is also scheduled to report fiscal-year 2026 earnings on January 27, 2027, according to Barron's.

Quote and reporting dates

The immediate investor test is whether third-quarter figures support the recent cluster of higher research targets. Freeport-McMoRan's primary listing is on the NYSE, while its business remains centered on copper, gold and molybdenum production.

Freeport-McMoRan was trading at EUR 58.33 at Lang & Schwarz on October 23, 2026, at 11:32 a.m. CEST, 1.14 percent below the Xetra close of October 22, 2026 at EUR 59.00. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.