Citi Report: Legal Industry Revenue Grows 11.3% in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 day ago0mins
- Significant Revenue Growth: The legal industry saw an 11.3% revenue increase in 2025, primarily driven by strong inventory at the year's start and a 1.9% growth in demand, indicating a positive market recovery signal.
- Inventory Levels Rise: By the end of September, inventory increased by 12.7%, with accounts receivable up 9.6% and unbilled time up 15.7%, laying a solid foundation for strong fourth-quarter collections.
- Investment in Human Resources: The legal sector's headcount grew by 2.9%, contributing to a 9.1% rise in expenses, indicating a shift towards investing in higher-salaried lawyers as firms adapt to market demands.
- Technology Investment Outlook: Continued investment in cloud computing and cybersecurity is expected in 2026, particularly with the implementation of generative AI, which will reshape operational models and enhance efficiency across the industry.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for C is 115.10 USD with a low forecast of 104.50 USD and a high forecast of 134.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 111.740
Low
104.50
Averages
115.10
High
134.00
Current: 111.740
Low
104.50
Averages
115.10
High
134.00
JPMorgan
Vivek Juneja
Neutral -> Overweight
upgrade
$124
2025-12-12
New
Reason
JPMorgan
Vivek Juneja
Price Target
$124
2025-12-12
New
upgrade
Neutral -> Overweight
Reason
JPMorgan analyst Vivek Juneja upgraded Citi to Overweight from Neutral with a $124 price target.
JPMorgan
Neutral -> Overweight
upgrade
$107 -> $124
2025-12-12
New
Reason
JPMorgan
Price Target
$107 -> $124
2025-12-12
New
upgrade
Neutral -> Overweight
Reason
JPMorgan upgraded Citi to Overweight from Neutral with a price target of $124, up from $107. JPMorgan believes the lager cap banks should benefit from solid economy, strong markets, and favorable regulatory environment in 2026, "which should counter some uncertainty." The firm says Citi will benefit more than peers from a solid economy and strong markets-related activity in 2026. Citi will also benefit from its further transformation and is making progress on consent orders, the analyst tells investors in a research note. JPMorgan thinks Citi's profitability will improve over time with an increase in return on tangible common equity above peers.
Piper Sandler
Piper Sandler
maintain
$110 -> $120
2025-12-10
New
Reason
Piper Sandler
Piper Sandler
Price Target
$110 -> $120
2025-12-10
New
maintain
Reason
Piper Sandler raised the firm's price target on Citi to $120 from $110 and keeps an Overweight rating on the shares after the company presented at an industry conference and touched on several topics. Current CFO Mark Mason was featured, though the incoming CFO made his first public remarks since last month's announcement that he would take over the role in March 2026. He emphasized his philosophies of continuity and stability, delivering results, durability, and approaching old problems in new ways. Otherwise, consumer and corporate customers remain resilient, Piper adds.
Keefe Bruyette
Christopher McGratty
Outperform
maintain
$112 -> $118
2025-10-17
Reason
Keefe Bruyette
Christopher McGratty
Price Target
$112 -> $118
2025-10-17
maintain
Outperform
Reason
Keefe Bruyette analyst Christopher McGratty raised the firm's price target on Citi to $118 from $112 and keeps an Outperform rating on the shares. Citi's turnaround continues, and achieving the 10%-11% ROTCE target in 2026 seems more in reach, the analyst tells investors in a research note.
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About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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