BofA Raises PT on Citigroup Inc. (C); Maintains 'Buy' Rating

Citigroup Inc. (NYSE:C) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $142 million worth of shares of C, which represents 0.66% of its portfolio.

Citing improved profitability, BofA increased its price target on Citigroup Inc. (NYSE:C) from $89 to $100 on June 26, 2025. Keeping a ‘Buy’ rating on the company’s stock, the analyst highlighted Jane Fraser’s continued strategic efforts to make the company competitive, ever since her hiring in 2021. The analyst also pointed toward Citigroup Inc.’s (NYSE:C) improved profitability over the last year in each of its five business segments. Accordingly, BofA raised Citi’s FY26 EPS estimate from $9.85 to $10 as the analyst sees greater clarity on the return on tangible common equity outlook.

Citigroup Inc. (NYSE:C), established in 1998, is a global, U.S.-based investment bank and financial services company. The bank also provides retail brokerage, corporate banking services, and cash management products. Citigroup is among the list of cheap stocks to buy.

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