5 Most Profitable Cheap Stocks to Buy Right Now

In this article, we are going to look at the 5 Most Profitable Cheap Stocks to Buy Right Now. For a longer list and more details on how we picked these stocks, you can go to 12 Most Profitable Cheap Stocks to Buy Right Now.

5. Citigroup Inc. (NYSE:C)

Forward P/E: 13.14

Profit Margin: 20.36%

Net Income Available to Common (TTM): $14.7 Billion

Number of Hedge Fund Holders: 106

Citigroup Inc. (NYSE:C) is one of the most profitable cheap stocks to buy right now. On June 26, Truist increased its price target for Citigroup Inc. (NYSE:C) from $147 to $158 while keeping its Buy rating on the stock.

This update comes as part of a broader research note on universal and regional banks. Truist expects the company’s revenue to come in slightly above its guidance. The research firm also noted that if Citigroup Inc. (NYSE:C) can front-load its remaining severance budget for this year, expenses and efficiency could rise higher this quarter. However, this could help improve the company’s expense trend in the second half of the year.

Photo by osamu nakazawa on Unsplash

Earlier, on June 18, Wells Fargo lifted its price target on Citigroup Inc. (NYSE:C) from $162 to $165 and maintained an Overweight rating on the stock.

The research firm expects the company to outperform its 2026 return on tangible common equity (ROTCE) target. According to Wells Fargo, this outlook is supported by strong capital markets, payments, and net interest income, which continues to benefit from higher interest rates. The firm also believes Citigroup Inc. (NYSE:C) is likely to deliver better-than-expected second-quarter results.

Citigroup Inc. (NYSE:C) is a global financial services company that operates in over 180 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a wide range of financial products and services.