Wolfe Research Raises Citigroup (C) PT Citing Constructive Outlook for Preferred Subsectors

Citigroup Inc. (NYSE:C) is one of the cheap S&P 500 stocks to invest in now. On January 7, Wolfe Research raised the firm’s price target on Citi to $141 from $121 and maintained an Outperform rating on the shares. As part of the firm’s Top 10 Themes for 2026 report, Wolfe Research highlighted Retail Brokers and Alternative Asset Managers/Alts as the firm’s preferred subsectors. Heading into the new year, the firm maintains a particularly constructive view on these areas, citing their potential to outperform within the broader Banks, Brokers, and Alts landscape.

On the same day, HSBC increased its price target for Citigroup Inc. (NYSE:C) to $87 from $77, while maintaining a Buy rating on the stock. The firm viewed the recent pullback in bank stocks as a selective opportunity for investors to increase their exposure to the sector. HSBC also raised the firm’s adjusted EPS estimates for the 2025–2026 period by ~1% to 7% across its banking coverage.

TD Cowen also raised its price target for Citigroup to $130 from $110, while maintaining a Hold rating on the shares. This adjustment was made as part of a broader Q4 2025 earnings preview for the banking sector. For 2026, the firm highlighted durable tailwinds that are expected to support bank stocks, including a Fed chair who is likely to adopt a more dovish stance.

Citigroup Inc. (NYSE:C) is a diversified financial service holding company that provides various financial products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services, Markets, Banking, US Personal Banking, and Wealth.

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