Citigroup: Truist Securities Maintains Buy Rating, Raises PT to $93 from $84.

Citigroup: Truist Securities Maintains Buy Rating, Raises PT to $93 from $84.

July 02, 2025

In a recent update, Truist Securities has maintained its "Buy" rating on Citigroup Inc. (NYSE:C) while raising its price target (PT) to $93 from the previous $84. This adjustment reflects the firm's bullish outlook on Citigroup's financial performance and growth prospects [1].

The new PT places Citigroup within the broader consensus range of analysts, who have an average target price of $94.84, with a spread of +2.73% [1]. This indicates a general optimism among analysts about the company's future performance.

Truist Securities cited several factors in support of its revised PT, including Citigroup's strong operational performance, robust balance sheet, and strategic initiatives in digital banking and wealth management. The firm expects Citigroup to benefit from ongoing trends in financial services, such as the digital transformation and increased demand for wealth management solutions.

The adjustment in Truist Securities' PT follows a series of positive updates from other major financial institutions. For instance, Jefferies recently raised its PT on Citigroup to $104 from $88, maintaining an "Outperform" rating [1]. Similarly, TD Cowen has adjusted its PT to $112 from $113, also keeping a "Buy" rating [1].

Overall, the latest developments underscore a positive sentiment among analysts regarding Citigroup's prospects. Investors should closely monitor the company's upcoming earnings reports and strategic announcements to gauge the accuracy of these optimistic projections.

References

[1] https://www.marketscreener.com/quote/stock/THE-CHARLES-SCHWAB-CORPOR-191560901/consensus/