Citi price target raised to $127 from $113 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Citi (C) to $127 from $113 and keeps a Buy rating on the shares. Citi’s strong Q3 results reinforce its execution and progress toward medium-term ROTCE targets, with core EPS for 2026E/27E projected 4%-7% above consensus and 2026E ROTCE at about 11%, near the top of guidance, the analyst tells investors in a research note. Earnings growth is expected to be driven by 5% top-line compound annual growth rate from fee and capital markets growth, efficiency improvements across businesses, and capital redeployment through strategic divestments, supporting potential stock buybacks and balance sheet expansion, the firm says.