Charles Schwab price target raised to $85 from $80 at Citi

Citi analyst Christopher Allen raised the firm’s price target on Charles Schwab (SCHW) to $85 from $80 and keeps a Neutral rating on the shares. The stock finished up almost 6% following a Q4 earnings beat, solid momentum to finish the year, and a positive outlook for 2025, the analyst tells investors in a research note. The firm says that while there was a lot to like on the earnings call and it is “incrementally more positive on the story,” after the stock reaction it sees Schwab’s current valuations as a balanced risk/reward.