- Citigroup's Q1 earnings and revenue surpassed expectations, with shares rising 1.7% in premarket trading.
- The bank's market and investment banking divisions contributed significantly to this performance.
- Wall Street analysts forecast an average price target of $87.40, indicating a potential upside.
Citigroup Inc. (C) experienced a notable premarket trading rise of 1.7% following its robust first-quarter results. The financial giant outperformed earnings and revenue forecasts, bolstered by its thriving markets and investment banking sectors. Notably, the Q1 earnings per share reached $1.96, surpassing the consensus estimate of $1.84, while revenues soared to $21.6 billion.
Wall Street Analysts Forecast
According to projections from 18 analysts, Citigroup Inc. (C) is expected to reach an average price target of $87.40. The forecasts range from a high of $110.00 to a low of $70.00. This average target suggests a potential upside of 35.36% from the current price of $64.57. For more detailed price target data, please visit the Citigroup Inc. (C, Financial) Forecast page.
Furthermore, the consensus recommendation from 21 brokerage firms positions Citigroup Inc. (C) at an average rating of 2.0, signaling an "Outperform" status. On the rating scale, 1 denotes a Strong Buy, and 5 represents a Sell.
Estimated GF Value
According to GuruFocus estimates, the projected GF Value for Citigroup Inc. (C) within a year stands at $61.58. This implies a potential downside of 4.63% from the current trading price of $64.57. The GF Value represents the fair value estimation of the stock, calculated considering historical trading multiples, past business growth, and future performance estimates. For extensive data on Citigroup Inc., explore the Citigroup Inc. (C, Financial) Summary page.
