What Do Analysts Think About Lloyds Banking Group plc (LYG)?

Lloyds Banking Group plc (NYSE:LYG) is one of the best cheap stocks under $10 to buy now. Lloyds Banking Group plc (NYSE:LYG) announced on November 6 the launch of UK’s first agentic AI financial assistant early in the coming year, offering “personalised, round-the-cloud financial guidance” to 21 million mobile app customers.

Management reported that customers would be empowered to effectively manage their money with the assistant providing specialized insights on budgeting, spending, investments, and savings within a secure banking environment.

The assistant is developed on Lloyds Banking Group plc’s (NYSE:LYG) robust AI architecture and trusted expertise to ensure that every interaction is secure, regulated, and accurate, marking a notable milestone in the company’s journey to include AI as a core enabler across the business.

Separately, RBC Capital analyst Benjamin Toms lifted the price target on Lloyds Banking Group plc (NYSE:LYG) to 110 GBP from 100 GBP on October 28, keeping an Outperform rating on the shares. Similarly, Kepler Capital analyst Nicholas Payen also reiterated a Buy rating on the stock on October 27 and set a price target of p97.

Lloyds Banking Group plc (NYSE:LYG) operates as a financial services company providing banking and financial services. The company’s operations are divided into the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other.

While we acknowledge the potential of LYG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LYG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.