Citi Raises BBVA Price Target to EUR 15.10, Maintains Buy Rating

Citi has raised the price target on BBVA to EUR 15.10 from EUR 13.80, maintaining a Buy rating.

Citi has revised its price target for Banco Bilbao Vizcaya Argentaria (BBVA) to EUR 15.10 from EUR 13.80, while maintaining a Buy rating. The investment bank's positive outlook is based on the company's strong financial performance and growth prospects [2].

BBVA reported robust first-quarter 2025 results, with tangible book value growth of 14.1% year-over-year and a 20.2% return on tangible equity. The bank's net attributable profit increased by 23% year-over-year, driven by a 15.1% growth in activity and an 8.5% year-over-year increase in net interest income [2].

Citi's analysts cited BBVA's strong earnings, record customer acquisition, and improved efficiency ratio as key factors supporting the price target increase. Additionally, the bank's positive outlook for loan growth and asset quality was noted as a positive indicator.

However, the bank's performance was affected by currency depreciations and macroeconomic uncertainties, including global trade tensions and tariff discussions. The cost of risk in Turkey was also slightly above the full-year guidance due to higher provisioning needs in the retail segment [2].

Despite these challenges, BBVA's solid financial performance and growth prospects continue to attract positive sentiment from analysts. The company's strong fundamentals and strategic focus on digital banking and customer acquisition position it well for future growth.

References:
[1] https://www.cnn.com/markets/stocks/BBVA
[2] https://www.gurufocus.com/news/2994984/bbva-price-target-increased-by-citi-buy-rating-maintained-bbva-stock-news