9 Analysts Assess Citigroup: What You Need To Know
Portfolio Pulse from Benzinga Insights
Nine analysts have recently updated their ratings on Citigroup (NYSE:C), with a mix of bullish and indifferent stances. The average 12-month price target is now $64.44, up from $59.00, with a high estimate of $93.00 and a low of $47.00. Analysts from firms including Morgan Stanley, Oppenheimer, Piper Sandler, HSBC, Wolfe Research, Barclays, and Goldman Sachs have raised their price targets. Citigroup's financial performance shows challenges with negative revenue trends, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.
January 30, 2024 | 2:01 pm
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POSITIVE IMPACT
Analysts have a mixed but overall positive outlook on Citigroup, with raised price targets suggesting potential stock appreciation. However, financial challenges could temper gains.
The raised price targets by multiple analysts indicate a positive sentiment towards Citigroup's stock, which could lead to short-term appreciation. However, the financial performance issues such as negative revenue trends and below-average profitability metrics may limit the stock's upside potential. The high relevance score is due to the direct focus on Citigroup, while the importance score reflects the significance of analyst ratings and financial performance on stock prices. The confidence score is not at the maximum due to the mixed nature of the financial indicators.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100