[HSBC Upgrades Apple to Buy Rating, Target Price Raised Significantly to $366] BlockBeats News, July 17, HSBC upgraded Apple stock to a buy rating, stating that the company is at an 'operational turning point.' Additionally, Apple's target price has been raised from $260 to $366. HSBC believes Apple is currently at an 'operational turning point.' Apple can avoid controversies over high capital expenditures, as it invests only 2.5% of its projected 2026 sales revenue, compared to 39% for hyperscale cloud service providers. Furthermore, Apple is well-positioned to leverage its installed base of 2.5 billion devices to roll out its upcoming updated Apple smart system. HSBC considers Apple's hardware product line to be strong, including the Phone 18 Pro and Pro Max launching this fall, the iPhone Air set for release in April 2027, and 'most importantly,' a book-style foldable phone.