HSBC cuts target for Akbank stock to TRY 87.00

Published on 10/19/2026 at 00:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Akbank posted TRY 34.33 billion net profit in the first half of 2026, up 38.00 percent year on year. October 27 results matter for Akbank stock.

Reporting calendar and earnings

HSBC cut Akbank's target from TRY 100.00 to TRY 87.00 on October 5, 2026.
Akbank posted TRY 34.33 billion net profit in the first half of 2026, up 38.00 percent year on year.
Akbank's third-quarter 2026 results are scheduled for October 27, 2026.

Akbank, TRAAKBNK91N6, Illustration mit AI erstellt.

Akbank (ISIN TRAAKBNK91N6) faces a lower HSBC target of TRY 87.00 after the bank cut it from TRY 100.00 on October 5, 2026, according to Forbes Türkiye. HSBC kept its buy recommendation and still identified Akbank as its preferred Turkish bank, while the target reduction puts the analyst view below its previous level.

HSBC lowers the target

Foreks reported on October 5, 2026, that HSBC reduced the target by TRY 13.00, or 13.00 percent, from TRY 100.00 to TRY 87.00. The report retained the buy recommendation and cited a TRY 67.55 reference price, implying 28.80 percent upside to the new target.

The target cut contrasts with Akbank's latest reported operating figures. Simply Wall St lists second-quarter 2026 revenue at TRY 56.40 billion, up 42.00 percent from the second quarter of 2025, while net income rose 37.00 percent to TRY 15.20 billion. The same source gives a 27.00 percent profit margin, down from 28.00 percent because of higher expenses.

Three dates frame the year

Akbank's first-quarter 2026 results were listed on April 29, 2026, with revenue of TRY 63.60 billion and net income of TRY 19.20 billion. The second-quarter results followed on July 29, 2026, with TRY 56.40 billion in revenue and TRY 15.20 billion in net income. The current analyst event came on October 5, 2026, when HSBC cut its target to TRY 87.00.

What does the earnings path show?

The first-half result provides the clearest counterweight to the lower target. Akbank's investor-relations page reports TRY 34,333 million in consolidated net profit, a 22.20 percent return on equity and TRY 4,012 billion in assets for the first half of 2026. The result was 38.00 percent above the TRY 24.86 billion reported for the first half of 2025, according to Hisse.net.

Which dates come next?

Akbank's investor-relations calendar schedules the third-quarter 2026 results for October 27, 2026 and the fourth-quarter 2026 results for February 2, 2027. Those dates give investors two defined checkpoints for testing whether earnings and margins support the bank's current valuation debate.

Borsa Istanbul quote on October 16

Akbank was last at TRY 66.85 on Borsa Istanbul on October 16, 2026 at 6:09 p.m. TRT. The same quote showed a TRY 54.25 to TRY 93.50 52-week range and a market capitalization of TRY 347.6 billion, keeping the current price below the HSBC target while leaving the next results as the nearer company-specific event.