Wall Street Strategist Nicole Inui
Nicole Inui
Head of Equity Strategy, Americas · Coverage since 2023
AnaChart's record of Nicole Inui's S&P 500 year-end price targets at HSBC covers 8 published targets and revisions across 3 closed forecast years. Her final-year hit rate within ±3% of the actual close is 0% — 0 of 3 years. Closest call: 2025, target 6,500 vs. actual 6,846. Largest miss: 2023, target 4,000 vs. actual 4,770.
Inui leads HSBC's equity strategy for the Americas, and her record so far has been marked by cautious starting targets that she revised upward as bull markets ran. Her busiest year was 2025, when she moved the target across five separate revisions before finishing at 6,500, still 5% below a 6,846 close. Her 2023 and 2024 calls both started well below the eventual closes and missed by double digits. The 2026 target of 7,500, set on November 30, 2025, is a more constructive opening call and reflects HSBC's view that the AI investment cycle has further to run. Every revision is plotted on the chart below.
S&P 500 Year-End Targets — Full History
Gray line: S&P 500 end-of-day closing price. Blue line: Nicole Inui's published S&P 500 price targets, each plotted at issuance date.
Year-by-Year Forecast Performance
| Year | Final Target | Year-End Actual | % Off | Result |
|---|---|---|---|---|
| 2026 | 7,500 | Open | — | Open |
| 2025 | 6,500 | 6,846 | −5.1% | Miss |
| 2024 | 5,000 | 5,882 | −15.0% | Miss |
| 2023 | 4,000 | 4,770 | −16.1% | Miss |
Show 1 more years (2023) Free account · no credit card
Frequently Asked Questions
What is Nicole Inui's S&P 500 target for 2026?
Inui's year-end 2026 S&P 500 target is 7,500, set on November 30, 2025. It implies roughly 1.5% upside from the index level near 7,392 in May 2026 and reflects HSBC's constructive view on the AI investment cycle.
How accurate are Nicole Inui's S&P 500 forecasts?
Across 3 closed forecast years, none of her final targets landed within ±3% of the actual close, a 0% hit rate. Her cautious starting targets in 2023 and 2024 both trailed strong markets by double digits. The year-by-year table above shows every call.
How often does Nicole Inui revise her S&P 500 target?
About once every 22 weeks on average, though that cadence varies. Her 2025 target moved across five separate revisions, while other years saw a single call. Every revision is marked on the chart above.
Who is Nicole Inui?
Nicole Inui is Head of Equity Strategy for the Americas at HSBC, where she sets the firm's S&P 500 year-end target. AnaChart has tracked her forecasts since 2023.