Citibank stock price forecast sentiment shifted moderately bullish after management reaffirmed a cost-efficiency goal targeting sub-60% expense ratio. If execution aligns, analysts see FY24 EPS surpassing $7. American Airlines appears to have hit a bottom after a prolonged dip in value, offering potential upside for value investors. Guru investors have been raising their stakes, while technical indicators signal a continuation in the current uptrend. Moreover, analyst targets assign a price target of $11.58, projecting a considerable 5.36% rise from current levels. Its GF Value points to an even greater upside at $16.70. It is important to consider the lingering risks, though, including major debt and profitability challenges, but the broader airline sector's recovery could act as a catalyst. One key reason for the cautious outlook is Broadcomâs (AVGO) advance into Nvidiaâs turf. Broadcom recently reported strong results a nd highlighted new deals that could shift demand away from Nvidiaâs GPUs . Citi estimates those deals could cost Nvidia as much as $12 billion in future sales. Investor confidence in the Citibank stock price forecast is also tied to its digital banking adoption rate, which has grown 18% YoY, opening new fee-based revenue channels in
