Citigroup Rates Belden (BDC) buy, $150 Price Target

Citigroup maintains its buy rating on Belden Inc., setting a $150 price target as shares trade at $121.32, a 25.09% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 2:01 PM EDT · Updated Jul 1, 2026, 7:02 AM EDT

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Citigroup rated Belden Inc. ($BDC) "buy" with a $150 price target on June 26, 2026.

Since the rating, $BDC is down 5.3% after 1 week, down 11.5% after 1 month and down 13.9% to date (from the $119.47 close on Jun 26, 2026).

BDC Belden Inc.

$102.83 -12.60% year to date

Daily close · Oct 16, 2026

Key Points

On June 26, 2026, Citigroup reiterated its buy rating for Belden Inc. (BDC), setting a price target of $150.
Citigroup's $150 price target implies 25.09% upside from Belden Inc.'s ($BDC) current $119.91 share price.
Belden Inc.'s stock traded at $121.32 on Friday, with a market cap of about $4.72 billion and a P/E ratio of 20.42.
Insiders and institutions like BlackRock and Vanguard have been active in Belden, with mixed changes in holdings.

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Citigroup has reiterated its buy rating for Belden Inc. (NYSE: BDC), setting a price target of $150. This update came on June 26, 2026, as shares of Belden traded near $121.32 on Friday.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -4.79% hypothetical

All-time return +28.94% S&P 500 +29.14%

vs. S&P 500 -0.20% behind the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

Belden Inc. Stock Up 8.1%

Shares of NYSE:BDC traded near $121.32 on Friday. Belden Inc. has a market capitalization of approximately $4.72 billion and a P/E ratio of 20.42. The forward P/E is lower at 13.68, indicating expected earnings growth. The stock's 52-week range spans from a low of $101.00 to a high of $159.99. The 50-day moving average is $115.35, while the 200-day moving average is $120.36. The company's beta is 1.146, suggesting moderate volatility compared to the market.

12-month forecast

$BDC price target

Belden Inc. daily closes and this analyst's $150 target. Not advice.

Recent Earnings

Belden Inc. reported revenue of about $2.79 billion, with a growth rate of 11.4%. The company's earnings per share (EPS) stands at $5.94, and it has a net margin of 8.49%. Return on equity (ROE) is 18.89%, reflecting efficient use of shareholders' equity. The next earnings report is expected on July 30, 2026.

Dividend

Belden Inc. pays an annual dividend rate of $0.20, yielding 0.16%. The dividend payout ratio is a modest 3.37%, indicating a conservative approach to returning profits to shareholders.

Insider Buying and Selling at Belden Inc.

Several insiders, including Nancy Calderon, Jonathan Klein, Vivie Lee, Adel Al-Saleh, Lance Balk, and Diane Brink, each acquired 1,527 shares of Belden on May 21, 2026. These transactions were not conducted under a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

On June 26, 2026, Citigroup reiterated its buy rating for Belden Inc. with a $150 price target. Previously, on June 16, 2026, DA Davidson initiated coverage with a buy rating and a $155 target. Benchmark has maintained a buy rating with various targets, the most recent being $175 on February 13, 2026. The consensus among analysts is a strong buy, with a mean target price of $152.

About Belden Inc.

Belden Inc., headquartered in Saint Louis, Missouri, provides a range of connection solutions that help align data infrastructure for various applications. The company offers products like copper and fiber cables, racks, enclosures, and signal extension systems. Belden serves a diverse client base, including data centers, commercial real estate, and military installations, operating across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Dr. Ashish Chand leads the company, which employs about 8,000 people.

Bottom Line

Citigroup's reiterated buy rating and $150 price target for Belden Inc. reflects confidence in the company's growth potential. Investors watch these ratings closely as they provide insights into analyst expectations and market sentiment. While 13F filings, insider trades, and analyst reports offer valuable information, they reflect past actions and opinions that may not predict future performance.