Citigroup Maintains Buy Rating for Virtu Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has reaffirmed its Buy rating on Virtu Financial Inc (NASDAQ:VIRT) but reduced its price target from $22.00 to $21.00. Virtu Financial's shares have risen 1.6% in the last 24 hours to $17.74. The new price target suggests an 18.38% upside potential. Virtu Financial is a market maker and liquidity provider, with the majority of its revenue coming from the United States.
January 26, 2024 | 5:00 pm
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Citigroup maintains a Buy rating on Virtu Financial Inc but lowers the price target from $22 to $21. The stock has increased by 1.6% recently, trading at $17.74.
The reaffirmation of a Buy rating by Citigroup is a positive signal for investors, indicating the bank's continued confidence in Virtu Financial's stock. However, the reduction in the price target may slightly temper expectations. The recent 1.6% increase in share price reflects a positive market reaction, which could be bolstered by the Buy rating. The new price target still suggests a significant upside potential, which may encourage investment.
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IMPORTANCE 80
RELEVANCE 100