HSBC Raises Microsoft Target, Settles £143.5m Barclay Debt
HSBC raised its Microsoft price target to $593 from $588 after forecasting Anthropic’s revenue run rate reaching $30 billion and projecting a 33.6% Azure CAGR through 2030. HSBC also withdrew bankruptcy filings against Aidan and Howard Barclay on £143.5 million of debt, having recovered £1.1 million.
1. HSBC Raises Microsoft Price Target
HSBC raised its price target on Microsoft shares to $593 from $588, citing deeper ties with Anthropic and projecting the AI developer’s revenue run rate at $30 billion in April versus $9 billion in December. The bank maintains that Azure remains Microsoft’s main growth engine, forecasting a 33.6% compound annual cloud revenue growth through 2030.
2. Barclay Brothers Debt Settlement
HSBC withdrew its bankruptcy proceedings against Aidan and Howard Barclay in a High Court settlement over £143.5 million of overdue debt, replacing the threat of director bans and asset seizures with an Individual Voluntary Arrangement. The bank recovered just £1.1 million from prior administration and will rely on the IVA to recoup further funds while covering legal costs.