Citigroup sets $32 price target for Omnicom (OMC), predicting -56.69% decrease from current price.
From Financial Modeling Prep: 2025-04-11 11:10:00
Citigroup sets a price target of $32 for NYSE:OMC, indicating a potential -56.69% decrease from its current trading price. Expected quarterly earnings per share (EPS) of $1.60 show a 4.2% decline year over year. However, Omnicom’s revenues are projected to grow by 1.5% year over year to $3.68 billion.
Omnicom Group Inc. (NYSE:OMC) is a global marketing and corporate communications company competing with industry giants like WPP and Interpublic Group. Citigroup’s Michael Rollins set a price target of $32 for OMC, a stark contrast to its current trading price of $73.89.
Despite a projected EPS decline of 4.2% to $1.60, Omnicom’s revenues are expected to increase by 1.5% year over year to $3.68 billion. Analysts believe the company is still expanding, albeit at a slower pace. Consensus EPS estimates have remained stable, suggesting a steady outlook for the stock.
OMC’s current stock price is $74.08, with a slight increase of 0.13% or $0.10. The stock has traded between $73.33 and $74.74 today. Over the past year, OMC has seen a high of $107 and a low of $69.13, with a market capitalization of approximately $14.56 billion and a trading volume of 740,231 shares on the NYSE.
Read more at Financial Modeling Prep:: Omnicom Group Inc. (NYSE:OMC) Faces a Challenging …