Analyst Richard Ramsden from Goldman Sachs maintained a Buy rating on Citigroup and decreased the price target to $113.00 from $118.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Richard Ramsden has given his Buy rating due to a combination of factors that reflect Citigroup’s strategic and financial outlook. The company has reiterated its Return on Tangible Common Equity (ROTCE) target of 10-11% for 2026, indicating a positive trajectory in its financial performance. Additionally, Citigroup has provided guidance for the fourth quarter and 2025, highlighting expectations for an increase in investment banking fees and a favorable efficiency ratio. The anticipated growth in net interest income (NII) and a strong capital position, with plans to reach a 12.8% CET1 target, further bolster the company’s financial health.
Moreover, Citigroup’s strategic initiatives, such as the integration of its retail bank into its wealth management sector, are expected to drive significant synergies and enhance customer engagement. The company’s robust card services portfolio and its focus on universal and co-branded cards are poised to accelerate growth in this segment. Despite macroeconomic uncertainties, Citigroup maintains an optimistic outlook on the global economy, expecting resilience and modest GDP growth. These factors collectively support Richard Ramsden’s decision to rate Citigroup’s stock as a Buy.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $134.00 price target.