5 Best Cheap Stocks for Beginners to Invest In

3. Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) is one of the best cheap stocks for beginners to invest in. RBC Capital lifted the price target on Citigroup Inc. (NYSE:C) to $139 from $121 on April 15, reiterating an Outperform rating on the shares. The rating update came after the company’s fiscal Q1 earnings beat, with the firm telling investors in a research note that it delivered a better-than-expected quarter, beating consensus estimates. It added that management remains confident in the company’s potential to attain its medium-term financial target – ROTCE of 10%-11% in 2026 vs. the 7.7% reported in 2025.

Citigroup Inc. (NYSE:C) also received a rating update from BofA the same day, with the firm adjusting the price target on the stock to $150 from $140 while maintaining a Buy rating on the shares. The firm told investors that the company’s fiscal Q1 results and management messaging only deepen its “conviction” in naming the bank its top idea among the large-cap banks and on BofA’s Top 10 Ideas for fiscal Q2. It further stated that it is “increasingly confident” that Citigroup Inc. (NYSE:C) will likely frame a ROTCE target of about 15% at the upcoming investor day on May 7, which should “serve as a catalyst for the next leg” of re-rating.

Citigroup Inc. (NYSE:C) provides financial products and services, with the company’s operations divided into the following segments: Services, Markets, Banking, Wealth, U.S. Personal Banking (USPB), and All Other.