Digital Ocean (NYSE:DOCN) was in focus on Friday as Citi started coverage on the cloud service provider with a Buy rating and $45 price target. Shares rose 1.7% in premarket trading. "Widened portfolio tech gaps and eroding customer engagement hobbled DOCN’s topline growth in CY22-23,
Leaders in Citi's technology unit and its "crown jewel" services unit announced a raft of changes as key leaders step down.
Citi expects increased momentum in Asian fundraising for tech companies into 2025, driven by developments in artificial intelligence and robust activity in India and Taiwan, the Wall Street bank said on Thursday.
Citi analyst Atif Malik sees upside to the firm’s 40% year-over-year “big four” cloud spend growth after Meta Platforms (META) said it plans to
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted prices were likely to ease through the second half of the year. "The oil outlook could see heightened,
Citi led in deal value with advisories worth $60.8bn, while Jefferies dominated in deal volume, advising on 23 transactions.
Citigroup Inc.’s top investment banker says US corporates are on the hunt for overseas deals thanks to a strong dollar, an easier regulatory regime and a widening gap in the multiples at which international companies are being valued.
Despite the increased targets and recognition of more risks to supply, Citi maintained a generally bearish view for 2025 crude markets. It said Trump has let go of a notable hawk on Iranian policy--former Iran envoy Brian Hook--who was an advocate of maximum pressure on Iran during Trump's first term.
The ruling lets state Attorney General Letitia James continue arguing Citi should have reimbursed customers for wire fraud, though some claims were dismissed.
After a period of suspended coverage, Citi has resumed covering Disney (DIS) issuing a Buy rating and a $125 price target. Analysts argue that at the current levels, the stock's risk-reward profile is "attractive.
The bank is among traditional financial institutions attempting to counter the gains rivals have made in buy now/pay later.
This new analysis arrives as the market continues to grapple with the impact of US sanctions and shifting global policies.