"Goldman Sachs analyst Richard Ramsden raised his price target on Citigroup to $151 from $137, maintaining a Buy rating, citing strong quarterly results that underscore continued momentum behind Citi's core franchises and ongoing transformation success."
"Wells Fargo raised its target to $160 from $150, maintaining an Overweight rating, noting that Citi showed strong top-line double-digit growth even amid its restructuring, which appears unique not only among banks but also by companies generally."
Citigroup's stock is gaining attention as Goldman Sachs, Truist, and Wells Fargo raise their price targets after a strong Q1 2026 performance. The bank reported an EPS of $3.06 and revenue of $24.6 billion, marking a 14% year-over-year increase. Net income surged 42% to $5.8 billion, with the Markets segment achieving over $7 billion in quarterly revenue for the first time in a decade. Analysts express confidence in Citigroup's ongoing transformation and business model durability, highlighting significant growth despite restructuring efforts.
Read at 24/7 Wall St.
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