Wells Fargo Reiterates a Buy Rating on Citigroup (C)

Citigroup Inc. (NYSE:C) is one of the most undervalued blue chip stocks to buy according to hedge funds. On July 23, Wells Fargo analyst Mike Mayo reiterated a Buy rating on Citigroup Inc. (NYSE:C) and set a price target of $115.00.

Citigroup Inc. (NYSE:C) reported its Q2 2025 earnings on July 15, with net income for the quarter reaching $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion.

Revenues rose 8% from the prior-year period, on a reported basis, attributed to growth in each of Citi’s five interconnected businesses. Revenues grew 9% excluding divestiture-related impacts in both periods.

Headquartered in New York, Citigroup Inc. (NYSE:C) provides financial products and services. Its operations are divided into the following segments: Services, Markets, Banking, Wealth, US Personal Banking (USPB), and All Other.

While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.