Akbank stock gets a lower HSBC target despite strong profit

Published on 10/08/2026 at 02:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC cut Akbank's target from TRY 100.00 to TRY 87.00 on October 5, 2026. The stock was last at TRY 69.25 on October 7, while 27 brokers averaged TRY 101.74.

Akbank, TRAAKBNK91N6, Illustration mit AI erstellt.

Akbank stock (ISIN TRAAKBNK91N6) faces a lower HSBC valuation target even as the bank reported TRY 34.333 billion in consolidated net profit for 1H 2026. The change puts analyst expectations and the bank's latest profitability side by side for investors assessing the Borsa Istanbul listing.

HSBC lowers its target

According to IT BOLTWISE on October 5, 2026, HSBC reduced its Akbank target from TRY 100.00 to TRY 87.00 while retaining its Buy recommendation. The cut represents a 13.00 percent reduction in the target, but the rating remains positive.

The latest operating figures provide the counterweight to that lower valuation. Akbank lists 1H 2026 consolidated net profit of TRY 34.333 billion, consolidated ROE of 22.2 percent and consolidated assets of TRY 4.012 trillion.

Consensus stays above the market

The broader analyst picture remains higher than HSBC's revised level. According to Yatirimci AI, 27 brokers had an average target of TRY 101.74 on September 25, 2026, which was 46.92 percent above the October 7 price; the median was TRY 100.00, with a high of TRY 118.20 and a low of TRY 82.00.

The distribution included 22 Buy, 2 Hold and 0 Sell ratings. That spread matters because the HSBC revision lowers one prominent target without overturning the wider positive consensus.

Third quarter date is set

Akbank's investor-relations calendar lists October 27, 2026, for the announcement of its 3Q 2026 financial results. The date gives the market a defined checkpoint for testing whether the 1H 2026 profit base and 22.2 percent ROE continue into the next quarter.

Akbank stock stays below its yearly high

Akbank stock was last at TRY 69.25 on Borsa Istanbul on October 7, 2026 at 6:09 p.m. Istanbul time, down TRY 0.25 or 0.36 percent from the prior close. The 52-week range was TRY 53.05 to TRY 93.50, while market capitalization stood at TRY 360.1 billion.