Analyst recommends buying Citigroup shares for growth
cnbc.com —
Citigroup shares have increased nearly 2% in 2025, with Wells Fargo maintaining an overweight rating on the stock. Analyst Mike Mayo believes Citigroup is well-positioned to benefit from President Trump's tariffs, similar to its performance during his first term. Mayo set a price target of $110 for Citigroup, indicating a potential 60% increase. He noted that the stock is undervalued based on its physical assets and could see gains from stock buybacks amid current market uncertainties. Despite a slight decline of 1.8% in 2025, Mayo expects Citigroup to shift from value destruction to value creation. He highlighted that deregulation under the current administration could further support banking stocks.