Citigroup (C) Stock Forecast & Price Target

$61.83

-0.77 (-1.23%)

(As of 10/1/2024 ET)

Citigroup - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
1

Hold
5

Buy
10

Based on 16 Wall Street analysts who have issued ratings for Citigroup in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 1 has given a sell rating, 5 have given a hold rating, and 10 have given a buy rating for C.

Consensus Price Target

$68.69
11.09% Upside

According to the 16 analysts' twelve-month price targets for Citigroup, the average price target is $68.69. The highest price target for C is $86.00, while the lowest price target for C is $50.00. The average price target represents a forecasted upside of 11.09% from the current price of $61.83.

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C Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$68.69	$68.06	$65.16	$52.00
Forecasted Upside	11.09% Upside	8.66% Upside	1.08% Upside	30.47% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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C Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

C Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Citigroup Stock vs. The Competition

Type	Citigroup	Finance Companies	S&P 500
Consensus Rating Score	2.56	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	10.66% Upside	15.19% Upside	6.61% Upside
News Sentiment Rating	Positive News See Recent C News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$79.00 ➝ $86.00	+37.84%
9/11/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$75.00 ➝ $71.00	+24.89%
7/15/2024	Argus 3 of 5 stars	S. Biggar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$70.00 ➝ $72.00	+12.43%
7/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$85.00 ➝ $86.00	+32.25%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$70.00 ➝ $73.00	+13.14%
7/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$63.00 ➝ $65.00	-1.05%
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7/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$60.00 ➝ $62.00	-4.45%
6/20/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$66.00 ➝ $69.00	+13.52%
6/17/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$63.00 ➝ $66.00	+11.68%
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$56.00 ➝ $65.00	+5.08%
4/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$80.00	+26.22%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$61.00 ➝ $70.00	+11.55%
1/8/2024	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
1/3/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$58.00	+9.33%
1/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$59.00 ➝ $63.00	+22.47%
12/18/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$63.00	+26.18%
10/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$60.00 ➝ $50.00	+20.57%
7/18/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$50.51	+9.19%
5/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$54.00 ➝ $50.00	+12.38%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$52.00 ➝ $46.00	-1.60%
11/2/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$49.00 ➝ $49.50	+7.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:14 AM ET.

Should I Buy Citigroup Stock? C Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 23, 2024. Please send any questions or comments about these Citigroup pros and cons to contact@marketbeat.com.

Citigroup
Bull Case

Here are some ways that investors could benefit from investing in Citigroup Inc.:

Citigroup Inc. has a current dividend yield of 3.84%, providing investors with a steady income stream.
The company's recent increase in dividend payout from $0.53 to $0.56 indicates a positive outlook on future earnings.
Analysts have set a price target of $68.25, suggesting potential for stock price appreciation.
Citigroup Inc. has a diverse range of financial products and services, offering stability and growth opportunities.
The company's debt-to-equity ratio of 1.47 is within reasonable limits, indicating manageable financial leverage.

Citigroup
Bear Case

Investors should be bearish about investing in Citigroup Inc. for these reasons:

Citigroup Inc. has a current ratio and quick ratio of 0.94, which may indicate potential liquidity challenges.
The company's stock price has been trading down, showing a 1.2% decrease, which could signal short-term volatility.
While the company's revenue has shown growth, the net margin of 4.95% may be considered low compared to industry peers.
With a beta of 1.45, Citigroup Inc. stock may be more volatile compared to the overall market.
Despite positive analyst ratings, the company's performance may be impacted by external economic factors beyond its control.

C Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Citigroup is $68.69, with a high forecast of $86.00 and a low forecast of $50.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last year. There is currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" C shares.
: According to analysts, Citigroup's stock has a predicted upside of 11.09% based on their 12-month stock forecasts.
: Citigroup has been rated by research analysts at Argus, BMO Capital Markets, Morgan Stanley, Oppenheimer, Piper Sandler, and The Goldman Sachs Group in the past 90 days.
: Citigroup also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like Citigroup more than other "finance" companies. The consensus rating for Citigroup is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how C compares to other companies.

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This page (NYSE:C) was last updated on 10/2/2024 by MarketBeat.com Staff

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