Citi has adjusted its price target for Deutsche Bank (DB, Financial), increasing it from EUR 19.20 to EUR 20.80. Despite maintaining a Neutral rating on the stock, the financial institution sees potential upside amid recent market conditions.
The adjustment comes as market volatility has driven record volumes in capital markets during March and April, with equities seeing significant activity. Citi suggests investors consider holding shares in select European banks ahead of their first-quarter earnings reports.
Deutsche Bank (DB, Financial) is positioned to benefit from these developments as investors navigate the changing landscape in global financial markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Deutsche Bank AG (DB, Financial) is $15.62 with a high estimate of $15.62 and a low estimate of $15.62. The average target implies an downside of 35.81% from the current price of $24.33. More detailed estimate data can be found on the Deutsche Bank AG (DB) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Deutsche Bank AG's (DB, Financial) average brokerage recommendation is currently 4.0, indicating "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Deutsche Bank AG (DB, Financial) in one year is $14.94, suggesting a downside of 38.59% from the current price of $24.33. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Deutsche Bank AG (DB) Summary page.
