Citi Downgrades Pershing Square to Sell with $45 Price Target

Key Facts

1Citigroup downgraded Pershing Square stock to a Sell rating with a price target of $45.

2Pershing Square stock has surged approximately 87% since its initial public offering in April.

Citigroup downgraded Pershing Square stock to a Sell rating with a price target of $45. The Motley Fool reported that the downgrade follows a surge of approximately 87% in the stock price since its initial public offering in April, leading analysts to conclude that the equity is currently overvalued relative to its fundamentals.

Pershing Square (PS) closed at $44.48 on October 16, 2026, aligning closely with the new price target set by Citigroup. Within the banking sector, Citigroup (C) closed at $124.26 on October 16, 2026, while peers JPM and BAC finished the same session at $339.72 and $51.23 respectively.