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Citigroup Reiterates 3i Group (TGOPF) Buy Recommendation

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Citigroup Reiterates 3i Group (TGOPF) Buy Recommendation

Citigroup reiterated a "Buy" recommendation for 3i Group (OTCPK:TGOPF), setting an average one-year price target of $62.83, which implies a 66.05% upside from its current $37.84 closing price. This endorsement occurs despite a projected 40.48% decrease in annual revenue to 3,063MM and a non-GAAP EPS forecast of 2.42. Institutional interest remains robust, with an increase in both the number of funds holding positions and total shares owned by institutions, signaling continued investor confidence despite the revenue outlook.

Analysis

Citigroup reiterated a "Buy" recommendation for 3i Group (OTCPK:TGOPF) on October 30, 2025, setting an average one-year price target of $62.83. This target implies a significant 66.05% upside from the latest closing price of $37.84, suggesting strong analyst conviction in the company's future performance. However, this bullish outlook is juxtaposed with a projected annual revenue decrease of 40.48% to 3,063MM, alongside a non-GAAP EPS forecast of $2.42. This substantial revenue contraction warrants further investigation into its drivers, whether it reflects a strategic divestiture, market contraction, or other operational challenges. Institutional interest remains moderately positive, with 444 funds reporting positions, an increase of 1.14% last quarter, and total shares owned by institutions rising 1.89% to 217,830K shares. The average portfolio weight dedicated to TGOPF also increased by 1.54%, indicating continued, albeit cautious, institutional engagement. Specific institutional actions reveal a divergence, with AEPGX decreasing shares by 11.45% while ANWPX significantly increased its stake by 63.34% and portfolio allocation by 191.23%. This mixed behavior among large investors suggests differing views on the company's risk-reward profile and future trajectory.

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