RBC Capital Cuts Citigroup (C) Price Target to $135

RBC Capital reiterates its Outperform rating on Citigroup with a new price target of $135, a 9.23% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 1:57 PM EDT

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RBC Capital cut its price target on Citigroup Inc. ($C) to $135 from $150 on October 14, 2026, and rates the stock "Outperform".

Since the rating, $C is up 1.6% to date (from the $122.27 close on Oct 14, 2026).

C Citigroup Inc.

$124.26 +6.27% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, RBC Capital reiterated its Outperform rating on Citigroup Inc. with a new price target of $135, down from $150.
RBC Capital's $135 price target implies 9.23% upside from Citigroup Inc.'s ($C) current $123.59 share price.
As of October 16, 2026, Citigroup shares recently traded around $123.59, which is about 8.5% below the new analyst target.
The average analyst price target for Citigroup is currently $150.71, with 21 analysts covering the stock.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Citigroup Inc. alert may contain errors. Disclosures

RBC Capital reiterated its Outperform rating on Citigroup Inc. (NYSE: C) on October 14, 2026, adjusting its price target from $150 to $135. This change reflects a more cautious outlook while still maintaining a positive stance on the stock's potential.

RBC Capital's Call on Citigroup

RBC Capital's new price target of $135 suggests that they see upside potential, even though it is lower than their previous target. The adjustment aligns with the recent trading activity, as Citigroup shares were recently priced at $123.59, which is about 8.5% below the new target. The firm remains optimistic about the stock's performance in the financial services sector.

Other Institutional Activity in Citigroup

Several other institutional investors have also made adjustments to their positions in Citigroup. Blackrock Inc. reduced its stake by 4,275,206 shares, ending with 149,509,189 shares valued at approximately $18.6 billion. Vanguard Capital Management LLC cut its holdings by 2,423,343 shares, resulting in 107,230,182 shares worth about $13.3 billion. State Street Corporation slightly reduced its position by 132,670 shares, concluding with 77,908,419 shares valued at around $9.7 billion. Geode Capital Management, LLC also decreased its stake by 1,256,652 shares, now holding 41,054,866 shares worth about $5.1 billion. In contrast, Fisher Asset Management, LLC grew its holdings by 1,236,220 shares, ending with 36,456,162 shares valued at approximately $4.5 billion.

Citigroup Inc. Stock Up 1.1%

Citigroup shares recently traded at $123.59 as of October 16, 2026. This price is about 7% below the 50-day moving average of $132.86 and roughly 2.2% below the 200-day average of $126.35. The stock is also 16.5% below its 52-week high of $147.96, but it remains 30.1% above its 52-week low of $95.00.

12-month forecast

$C price target

Citigroup Inc. daily closes and this analyst's $135 target. Not advice.

Recent Earnings

Citigroup reported trailing twelve months (TTM) revenue of $83.3 billion, with a net margin of 23.2% and an earnings per share (EPS) of $10.26. The company is set to announce its next earnings on January 14, 2027.

Earnings drift grade

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

B 74/100

Reported Apr 14, 2026

Forward outlook
10 analysts raised price targets.
EPS & revenue
EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.
Profit surprise
Operating income missed by 20 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
10 target raises.
Earnings quality
Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.

Earnings Call Summary

Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.

Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.

Solid report. Results were generally better than expected, but the forward outlook did not materially change.

Insider Buying and Selling at Citigroup Inc.

Recent insider transactions at Citigroup include sales by several executives. On February 20, 2026, Chief Financial Officer Mark A.L. Mason sold 3,627 shares, valued at approximately $416,045. On April 15, 2026, Officer Edward Skyler sold 25,000 shares for about $3.3 million, and Officer Nicole M. Giles sold 12,732 shares, valued at around $1.7 million. Director John Cunningham Dugan sold 2,117 shares on May 8, 2026, valued at approximately $265,260.

Analysts Set New Price Targets

On October 14, 2026, RBC Capital maintained its Outperform rating on Citigroup with a revised price target of $135. The same day, Evercore ISI Group also maintained its In-Line rating with a target of $135, while TD Cowen kept its Buy rating with a target of $148. JP Morgan and UBS also maintained their ratings with targets of $147 and $139, respectively.

About Citigroup Inc.

Citigroup Inc. is a diversified financial services holding company that offers a range of financial products and services. It serves consumers, corporations, governments, and institutions through various segments, including Services, Markets, Banking, U.S. Personal Banking, and Wealth. This recent analyst activity reflects ongoing interest in the company, especially as it navigates the current financial landscape.

Bottom Line

Investors will be watching for Citigroup's next earnings report on January 14, 2027, for further insights into its performance. With analysts adjusting their targets, the stock's ability to meet or exceed these expectations will be crucial moving forward.