Citi cuts target for Wendy's stock from USD 8.25 to USD 6.75
Published on 10/25/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and results date
- Citi lowered Wendy's target from USD 8.25 to USD 6.75 on October 23, 2026.
- Second-quarter revenue reached USD 570.57 million and diluted earnings per share were USD 0.17.
- Wendy's stock closed at EUR 5.59 on October 23, 2026.
The Wendy's Company (US95058W1009) saw Citi lower its price target from USD 8.25 to USD 6.75 on October 23, 2026, while keeping a Neutral rating, Markets Insider reported. The cut puts the upcoming third-quarter update under sharper scrutiny.
Three dates show the pressure
On August 7, 2026, Wendy's reported second-quarter revenue of USD 570.57 million and diluted earnings per share of USD 0.17, according to MarketBeat. On October 8, 2026, the company set November 5, 2026, for its third-quarter results. On October 23, 2026, Citi cut its target to USD 6.75 from USD 8.25 while retaining Neutral.
The second-quarter revenue was 1.72 percent above the USD 560.93 million reported for the year-earlier quarter, while net income fell to USD 32.62 million from USD 55.11 million, based on the comparison reported by MarketBeat. That combination leaves sales growth and profitability as the central tests for the next release.
What does the target cut signal?
Citi's USD 1.50 reduction signals a more cautious valuation view, but the new USD 6.75 target remains above the latest Nasdaq closing price of USD 6.22 on October 23, 2026. The same session's 5.33 percent decline gives the analyst move greater market relevance, although the two figures come from different venues and are not combined.
Results arrive November 5
The Wendy's Company said on October 8, 2026, that it will publish third-quarter results before the market opens on November 5, 2026, followed by a conference call at 8:30 a.m. ET. For investors, the release will provide the next quantified check on revenue, earnings and restaurant performance.
Stock reference in euros
The last Xetra price was EUR 5.59 on October 23, 2026. The company operates a quick-service restaurant system with 7,397 restaurants as of December 28, 2025, including 5,969 in the United States and 1,428 in international markets. The further course of trading is shown by the continuously updated real-time quote of Wendy's stock.
Wendy's stock facts
- Company: The Wendy's Company
- ISIN: US95058W1009
- Ticker: WEN
- Primary exchange: Nasdaq
- Last Xetra price: EUR 5.59 (as of October 23, 2026)
- Market capitalization: USD 1.2 billion (as of October 23, 2026)
- Sector / Industry: Consumer Cyclical / Restaurants
- Index membership: S&P 600 Small Cap
Market context: Market report Nasdaq Composite.
