Wells Fargo Analyst Predicts Citi Stock Could Rise Another 50% to Top Bank Sector

Citi stock has surged 33% in 2025, making it the top performer in the KBW bank-stock index. Wells Fargo analyst predicts a further 50% rise in Citi shares.

Citigroup (C) stock has experienced a remarkable surge, increasing by 33% in 2025, making it the top performer in the KBW Bank Stock Index. This impressive performance has been bolstered by a series of positive analyst ratings and forecasts. As of July 2, 2025, Wells Fargo analyst Mike Mayo predicts a further 50% rise in Citi shares, indicating continued optimism among financial professionals.

Analysts have been overwhelmingly bullish on Citigroup, with 17 out of 36 ratings in the past three months being Strong Buy. The consensus among analysts is that Citigroup's stock price should reach an average of $100.22 in the next 12 months, representing a 7.24% increase from its current price of $93.45 [1].

The strong earnings performance and strategic capital returns have been cited as key drivers behind the positive sentiment. Citigroup's overall score is driven by these factors, though high debt levels and liquidity concerns are noted as potential moderators [1].

Wells Fargo's Mike Mayo, one of the top analysts covering Citigroup, has reiterated a Buy rating with a price target of $115, a significant increase from his previous target of $100. This reflects his belief in Citigroup's robust capital strategy and potential for further growth [1].

Citigroup's earnings and sales forecasts also indicate strong performance. The next quarter’s earnings estimate for Citigroup is $1.85, with a range of $1.69 to $2.11. The previous quarter’s EPS was $1.96, and Citigroup has consistently beaten its EPS estimates over the past year [1].

The stock has also shown resilience in sales performance, with the next quarter’s sales forecast at $20.83B, up from the previous quarter’s results of $43.27B. Citigroup has consistently beaten its sales estimates in the past year, outperforming its overall industry [1].

The positive analyst ratings and strong financial performance suggest that Citigroup is well-positioned for further growth. Investors should continue to monitor the stock and its earnings reports for any updates that could impact its price trajectory.

References:
[1] https://www.tipranks.com/stocks/c/forecast