Citigroup Rates International Flavors & Fragrances (IFF) buy

Citigroup maintains a buy rating on IFF, setting a target price of $88, a 15.26% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 8:07 PM EDT · Updated Jun 29, 2026, 9:01 AM EDT

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Citigroup rated International Flavors & Fragrances Inc. ($IFF) "buy" with a $88 price target on June 24, 2026.

Since the rating, $IFF is up 7.0% after 1 week, up 0.1% after 1 month and up 20.1% to date (from the $75.47 close on Jun 24, 2026).

IFF International Flavors & Fragrances Inc.

$90.68 +35.42% year to date

Daily close · Oct 16, 2026

Key Points

On June 24, 2026, Citigroup reiterated its buy rating on International Flavors & Fragrances, setting a price target of $88.
Citigroup's $88 price target implies 15.26% upside from International Flavors & Fragrances Inc.'s ($IFF) current $76.35 share price.
IFF shares traded near $74.71 on Thursday, with a market cap of $19.39 billion and a P/E ratio of 23.51.
Recent insider activity includes a significant buy by Paul Fribourg, while analysts maintain a positive outlook with a mean target price of $91.65.

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On June 24, 2026, Citigroup reiterated its buy rating on International Flavors & Fragrances Inc. (NYSE: IFF), setting a price target of $88. Analyst Patrick Cunningham continues to see upside potential in the stock.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -3.28% hypothetical

All-time return +30.99% S&P 500 +28.85%

vs. S&P 500 +2.14% ahead of the index

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

Other Institutional Activity in International Flavors & Fragrances

Dodge & Cox grew its holdings by 71,900 shares, ending with 36.47 million shares worth about $2.65 billion, reflecting a 0.2% increase. BlackRock, Inc. added 687,027 shares, boosting its stake by 3.1% to 22.72 million shares valued at approximately $1.65 billion. Vanguard Capital Management LLC opened a new position with 16.24 million shares valued at around $1.18 billion. Similarly, Vanguard Portfolio Management LLC also initiated a stake with 11.72 million shares worth about $850.52 million. State Street Corp increased its holdings by 195,586 shares to a total of 11.29 million shares, valued at $823.41 million, marking a 1.8% increase.

International Flavors & Fragrances Inc. Stock Down 8.0%

Shares of NYSE:IFF traded near $74.71 on Thursday. International Flavors & Fragrances has a market cap of $19.39 billion, a P/E ratio of 23.51, and a beta of 0.956. The stock's 52-week range is between $59.14 and $84.45, with a 50-day moving average of $74.41 and a 200-day moving average of $69.88. The company maintains a current ratio of 1.49 and a quick ratio of 0.71, with a debt-to-equity ratio of 45.70.

12-month forecast

$IFF price target

International Flavors & Fragrances Inc. daily closes and this analyst's $88 target. Not advice.

Recent Earnings

International Flavors & Fragrances reported revenue of $10.79 billion, although it experienced a slight revenue decline of 3.6%. The company posted an EPS of $3.23, with a net margin of 7.66% and a return on equity of 6.05%. The next earnings report is expected on August 4, 2026.

Dividend

The company offers an annual dividend rate of $1.60, yielding 2.09%. Its dividend payout ratio stands at 49.54%.

Insider Buying and Selling at International Flavors & Fragrances Inc.

On June 1, 2026, insider Paul Fribourg purchased 273,500 shares at an average price of $74.29. In contrast, several executives, including Deborah Borg, EVP and Chief People & Culture Officer, sold shares on May 4, 2026, at an average price of $70.09.

Analysts Set New Price Targets

On June 24, 2026, Citigroup maintained its buy rating with a price target of $88. Earlier, on June 9, 2026, Benchmark initiated coverage with a buy rating and a $100 price target. Barclays maintained its buy rating on May 8, 2026, with a target of $90. The consensus among analysts is a buy rating, with a mean target price of $91.66 based on 18 analyst opinions.

About International Flavors & Fragrances

International Flavors & Fragrances Inc., headquartered in New York, produces and sells a wide range of products including flavors, fragrances, and specialty chemicals. Operating through segments like Taste, Food Ingredients, Health & Biosciences, and Scent, the company serves various industries globally. Led by CEO Jon Erik Fyrwald, IFF employs approximately 21,500 people.

Bottom Line

Citigroup's reiterated buy rating for International Flavors & Fragrances highlights continued confidence in the company's prospects. Investors watch these ratings closely, though it's important to remember that analyst opinions are forward-looking estimates. IFF's stock performance and strategic moves in the coming months will be key to watch.