Cantor Fitzgerald Cuts CFG Price Target to $78

Cantor Fitzgerald has reaffirmed its Overweight rating on Citizens Financial Group, setting a price target of $78, a 22.53% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:16 PM EDT

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Cantor Fitzgerald cut its price target on Citizens Financial Group, Inc. ($CFG) to $78 from $84 on October 14, 2026, and rates the stock "Overweight".

Since the rating, $CFG is up 1.3% to date (from the $62.57 close on Oct 14, 2026).

CFG Citizens Financial Group, Inc.

$63.36 +8.90% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Cantor Fitzgerald reiterated its Overweight rating on Citizens Financial Group, Inc. (CFG) with a new price target of $78, down from $84.
Cantor Fitzgerald's $78 price target implies 22.53% upside from Citizens Financial Group, Inc.'s ($CFG) current $63.66 share price.
Currently trading around $63.66 as of October 16, 2026, CFG is about 18.4% below Cantor Fitzgerald's new price target.
Citizens Financial Group operates in the financial services sector, providing banking products and services, and has a trailing twelve-month revenue of approximately $8.16 billion.

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Cantor Fitzgerald has reiterated its Overweight rating on Citizens Financial Group, Inc. (CFG) and set a new price target of $78 on October 14, 2026, down from $84. This call aligns with a broader trend among analysts, as several firms have recently maintained similar ratings with varying targets.

Other Institutional Activity in Citizens Financial Group

BlackRock Inc. holds 48,737,629 shares of CFG, worth about $3.09 billion, after increasing its stake by 2,036,183 shares. Vanguard Capital Management LLC has 26,906,653 shares valued at approximately $1.70 billion, having added 42,982 shares. Capital World Investors reduced its holdings by 4,634,863 shares, ending with 23,269,185 shares worth about $1.47 billion. Invesco Ltd. also trimmed its position, decreasing by 772,651 shares to hold 22,154,682 shares valued at around $1.40 billion. Meanwhile, State Street Corporation increased its stake by 978,685 shares, bringing its total to 21,241,311 shares worth about $1.35 billion.

Citizens Financial Group, Inc. Stock Up 0.4%

As of October 16, 2026, CFG is trading at $63.66, which is approximately 18.4% below Cantor Fitzgerald's target of $78. This price is significant as it reflects a potential upside for investors if the stock aligns with analyst expectations. The stock's performance is also notable given the company's strong revenue growth of 14.7% year-over-year.

12-month forecast

$CFG price target

Citizens Financial Group, Inc. daily closes and this analyst's $78 target. Not advice.

Recent Earnings

Citizens Financial Group reported trailing twelve-month revenue of about $8.16 billion and an earnings per share (EPS) of $4.59. The company has a net margin of 26.1% and a return on equity (ROE) of 8.3%. The next earnings report is expected on October 27, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 72/100

Reported Apr 16, 2026

Forward outlook
6 analysts raised price targets.
EPS & revenue
EPS beat estimates by 2.8%. Revenue beat estimates by 38.6%.
Profit surprise
Operating income missed by 15 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
6 target raises.
Earnings quality
Gross margin up 5.5 points. Operating margin up 5.3 points. Positive free cash flow.

Earnings Call Summary

Citizens delivered strong first quarter results with earnings per share of one dollar and thirteen cents, beating expectations. The bank grew net interest margin to three point fourteen percent driven by loan growth and improved deposit costs. Management highlighted record capital markets fees, private bank deposits at sixteen point six billion dollars, and progress on the Reimagine the Bank program which is expected to deliver one hundred million dollars in pretax benefits this year.

Guidance Citizens reaffirmed its full year guidance. The company expects net interest income to grow three to four percent in the second quarter and projects net interest margin to reach three point twenty-two to three point twenty-eight percent by year-end. Management also raised its target return on equity from the mid-teens to sixteen to eighteen percent by end of 2027.

Slightly positive report. The quarter was acceptable, but the forward setup is not strong.

Insider Buying and Selling at Citizens Financial Group, Inc.

On May 12, 2026, Officer Michelle Moosally sold 6,050 shares at an average price of $62.16, totaling about $376,068. Additionally, CEO Bruce W. Van Saun sold 129,369 shares on July 24, 2026, at an average price of $72.07, worth approximately $9.32 million.

Analysts Set New Price Targets

On October 14, 2026, Cantor Fitzgerald maintained an Overweight rating on CFG with a price target of $78, down from $84. Earlier, on October 5, 2026, UBS also maintained a Buy rating with a target of $77, down from $82. Evercore ISI Group set a target of $78 on October 1, 2026, while Morgan Stanley maintained an Overweight rating with a target of $89 on September 28, 2026. The consensus target for CFG stands at approximately $78.

About Citizens Financial Group

Citizens Financial Group, Inc. is a bank holding company based in Providence, Rhode Island. It offers a wide range of banking products and services for individuals and businesses. The company operates through two main segments: Consumer Banking and Commercial Banking. This rating from Cantor Fitzgerald reflects the firm's confidence in CFG's business model and growth potential.

Bottom Line

Investors should keep an eye on CFG as it approaches its next earnings report on October 27, 2026. With analysts maintaining their ratings and price targets, the stock could present opportunities for those monitoring the financial services sector.