Citigroup stock: TD Cowen cuts target for Citigroup stock to USD 148

Published on 10/23/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi booked USD 23.80 billion in third-quarter revenue, up 8.00 percent. Citigroup stock costs EUR 107.77 on October 23, 2026 at Lang & Schwarz.

Analyst target and third-quarter figures

TD Cowen lowered its Citigroup target from USD 150.00 to USD 148.00 on October 14, 2026.
Citigroup reported USD 23.80 billion in third-quarter revenue, up 8.00 percent year over year.
Citigroup stock costs EUR 107.77 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST.
Citigroup had a USD 203.3 billion market capitalization and a USD 95.83 to USD 147.96 52-week range on October 23, 2026.

Draufsicht auf Aktien-Zertifikat, ISIN-Karte US1729674242 und Bankobjekte auf Schieferplatte — Citigroup Inc. Aktionärszertifikat und ISIN-Karte US1729674242 als Flatlay mit Goldmünzen und Tintenfeder auf Schiefer, Illustration mit AI erstellt.

TD Cowen lowered its Citigroup target from USD 150.00 to USD 148.00 while maintaining a Buy rating on October 14, 2026, according to Investing.com. Citigroup stock was trading at EUR 107.77 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST.

Third-quarter revenue sets the tone

Citigroup reported USD 23.80 billion in revenue for the third quarter of 2026, an 8.00 percent increase from the third quarter of 2025. Net income reached USD 5.20 billion and diluted earnings per share were USD 2.85, according to Citigroup on October 13, 2026.

The result also included a return on tangible common equity of 11.50 percent, up 350 basis points from a year earlier. Services and Wealth revenue each increased 15.00 percent, reaching USD 6.60 billion and USD 3.30 billion respectively.

What does the target imply?

TD Cowen's USD 148.00 target is USD 26.78 above the finance-market quote of USD 121.22 on October 23, 2026. The target revision followed Citigroup's third-quarter results and updated guidance, while the firm raised its 2026 earnings-per-share estimate to USD 11.49 from USD 11.39, according to Investing.com.

Valuation and upcoming milestones

Citigroup's price-to-earnings ratio was 11.82 on October 23, 2026, while its market capitalization was USD 203.3 billion. The stock's 52-week range was USD 95.83 to USD 147.96, placing the latest USD quote within the middle of that span.

Citigroup has raised its full-year 2026 return-on-tangible-common-equity guidance to above 11.00 percent. Its third-quarter results were published on October 13, 2026, and the company said its medium-term return target remains 14.00 to 15.00 percent, according to Citigroup.

Stock position

The EUR quote places Citigroup stock below its 52-week high in the German trading perspective, while the latest US quote was USD 121.22 on October 23, 2026. The combination of a revised USD 148.00 target and above 11.00 percent full-year return guidance gives investors two measurable benchmarks for the next update.

The stock was trading at EUR 107.77 at Lang & Schwarz on October 23, 2026 at 3:38 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Citigroup stock.