These Analysts Boost Price Targets On Citigroup After Better-Than-Expected Q1 Results

Citigroup Inc C reported strong results for its first quarter.

Citigroup reported first-quarter FY23 net revenue growth of 12% year-over-year to $21.45 billion, beating the consensus of $20.03 billion. EPS for Q1 was $2.19, above the consensus of $1.67.

Citigroup shares gained 4.8% to close at $49.56 on Friday and added 0.8% in today’s pre-market trading session.

These analysts made changes to their price targets on Citigroup following earnings announcement.

• Piper Sandler boosted the price target on Citigroup from $47 to $53. Piper Sandler analyst Scott Siefers maintained a Neutral rating.
• Wells Fargo raised the price target on Citigroup from $62 to $65. Wells Fargo analyst Whit Mayo maintained an Overweight rating.
• Morgan Stanley raised the price target on the stock from $41 to $45. Morgan Stanley analyst Betsy Graseck maintained Citigroup with an Underweight

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