Analysts have revised the one-year price target for HSBC Holdings (NYSE:HSBC) (OTC:HBCYF), hinting at a robust potential uptick. The new target of $10.28 per share is up from the previous estimate of $9.69, suggesting a possible increase of over 33% from the recent closing price of $7.71.

The bullish outlook on HSBC is further supported by a notable surge in institutional interest. Fund ownership has risen by more than six percent, now totaling 397 funds, while institutional shares held have also grown by over two percent. Leading the pack in increasing stakes are Vanguard’s VGTSX and VTMGX funds, alongside iShares’ IEFA and EFA ETFs, indicating strong confidence in HSBC’s fundamentals.

Despite this trend, Fidelity’s FSPSX has slightly reduced its holdings in HSBC, diverging from the overall positive sentiment among top investors. This mixed movement reflects the varying strategies employed by institutional investors in response to market conditions and individual fund mandates.