
Citigroup (C) Stock Forecast & Price Target
Citigroup (C) Analyst Ratings
Bulls say
Citigroup is reaping the benefits of previous investment spending with strong Q1 performance, including share repurchases totaling $6.3 billion and the best revenue quarter in 10 years. Furthermore, their efficiency ratio hit an all-time low of 58%, and they are generating a return on tangible common equity of 13%. With an upcoming investor day and improving profitability trajectory, Citigroup's stock is expected to outperform in the future.
Bears say
Citigroup is a global financial powerhouse, but due to its checkered past and ongoing risks such as a slowdown in economic activity, credit quality deterioration, and regulatory risks, there is a negative outlook on the stock. Despite strong first quarter earnings and meeting milestones, the company remains one of the cheapest banks in coverage, with a price target of $144 based on a 70% relative P/E multiple which is at the lower end of the fair value range for banks. However, credit risk, interest rate risk, and legal and regulatory risks could impact the stock in the event of an economic downturn.
This aggregate rating is based on analysts' research of Citigroup and is not a guaranteed prediction by Public.com or investment advice.
Citigroup (C) Analyst Forecast & Price Prediction
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