Citigroup Inc. is a global financial services company based in New York City, with a market capitalization of $205.44 billion. Under CEO Jane Fraser, the company is restructuring to reduce headcount by 20,000 by 2026, with 1,000 job cuts announced this month.
Despite a 7.6% dip from its 52-week high of $124.17 on Jan. 6, Citigroup’s stock has gained 41.6% over the past year and 19.5% in the last six months, outperforming the S&P 500 Index, which has risen 16.1% and 9.2% in the same periods.
Citigroup reported a 2% year-over-year increase in Q4 total revenues to $19.87 billion, with net income dropping 13% to $2.47 billion. Analysts expect EPS to grow 32.1% in the current quarter and 27.6% in fiscal 2026.
Wall Street analysts give Citigroup a “Moderate Buy” rating, with a consensus target price of $131.58, indicating a 14.6% upside. The high target of $150 suggests a potential 30.7% increase over current market prices.
After its earnings release, Oppenheimer analysts maintained an “Outperform” rating on Citigroup, raising the price target to $144. The company’s fourth-quarter performance impressed analysts, leading to positive outlooks for its stock.
Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on Citigroup Stock?
