Citigroup's new target prices: which stocks have upside potential?
When it comes to investing, investors sometimes rely on the analysis of large financial institutions that conduct detailed research and provide target prices for stocks. One of these institutions is Citigroup, one of the largest financial players in the world. When Citigroup adjusts its target prices, investors pay attention because it can signal a potential rise or fall in the value of a stock in the market.
In this article, we'll take a look at three companies where Citigroup recently raised its target prices. We'll find out what led to these changes and what it may mean for investors.
Sweetgreen $SG
The first name on the list is Sweetgreen, a company known for its healthy and fresh meals. Citigroup raised the target price on this stock to $32 from the original $30. However, given the current share price, which is just above $34, Citigroup considers Sweetgreen stock slightly overvalued.
Sweetgreen operates a chain of restaurants in a "fast casual" model that combines the speed and…