Citigroup Raises Aramark (ARMK) Price Target to $75.50

Citigroup has reiterated its Buy rating for Aramark and raised its price target to $75.5, a 37.45% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:26 PM EDT

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Citigroup raised its price target on Aramark ($ARMK) to $75.50 from $74 on October 12, 2026, and rates the stock "Buy".

Since the rating, $ARMK is up 0.9% to date (from the $54.76 close on Oct 12, 2026).

ARMK Aramark

$55.28 +52.24% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Citigroup reiterated its Buy rating on Aramark (NYSE: ARMK) and raised its price target from $74.0 to $75.5.
Citigroup's $75.50 price target implies 37.45% upside from Aramark's ($ARMK) current $54.93 share price.
As of October 16, 2026, Aramark shares were trading at $54.93, which is below both the analyst target and the mean price target of $68.59.
Aramark has a market cap of approximately $14.47 billion and reported a trailing twelve-month revenue of $19.84 billion.

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Citigroup has reiterated its Buy rating on Aramark (NYSE: ARMK) and raised its price target to $75.5 from $74.0 on October 12, 2026. The firm believes the company's recent performance supports this rating, reflecting confidence in Aramark's business model and growth prospects.

Other Institutional Activity in Aramark

Blackrock Inc. trimmed its stake in Aramark by 738,293 shares, leaving it with 24,808,188 shares valued at about $1.37 billion. Meanwhile, Jupiter Topco LLC increased its holdings significantly, adding 9,151,178 shares to reach a total of 18,302,356 shares worth approximately $1.01 billion. Massachusetts Financial Services Co. reduced its position by 1,980,405 shares, ending with 15,576,375 shares valued at about $861.2 million. Morgan Stanley decreased its stake by 2,543,534 shares, now holding 11,900,157 shares worth about $658.0 million, while Vanguard Capital Management LLC slightly increased its position by 67,216 shares, totaling 11,859,463 shares valued at approximately $655.7 million.

Aramark Stock Up 0.3%

As of October 16, 2026, Aramark shares are trading at $54.93, which is below the 50-day moving average of $57.16 by about 3.9%. The stock is also below its 52-week high of $62.65, down about 12.3%, but above its 52-week low of $35.07 by 56.6%. The recent price is also below the mean analyst target of $68.59.

12-month forecast

$ARMK price target

Aramark daily closes and this analyst's $75.50 target. Not advice.

Recent Earnings

Aramark reported trailing twelve-month revenue of $19.84 billion, with a year-over-year revenue growth of 9.3%. The company's earnings per share (EPS) for the same period stood at $1.43. The next earnings report is scheduled for November 24, 2026.

Insider Buying and Selling at Aramark

On August 13, 2026, Officer Marc A. Bruno sold 70,634 shares, totaling approximately $4.31 million. This transaction occurred before the recent analyst updates and was not part of a scheduled plan.

Analysts Set New Price Targets

On October 12, 2026, Citigroup maintained its Buy rating on Aramark with a new price target of $75.5, up from $74.0. Earlier, on August 12, Stifel also maintained a Buy rating with a target of $70.0, while JP Morgan set an Overweight rating with a target of $70.0.

About Aramark

Aramark provides food and facilities services across various sectors, including education, healthcare, and sports. The company operates mainly in the United States and internationally, making it a key player in the specialty business services industry. Citigroup's recent rating reflects the confidence in Aramark's ability to capitalize on growth opportunities in these sectors.

Bottom Line

Investors should monitor Aramark's upcoming earnings on November 24, 2026, for insights into its performance and growth. The stock's current trading level suggests potential for recovery towards analyst targets, with Citigroup's latest rating reinforcing its positive outlook.