Vodafone stock slips after Citi lifts its price target

Vodafone Group Plc stock (GB00BH4HKS39) closed at 126.15 pence on September 18, 2026, after a 4.25 percent drop, while Citi lifted its price target to 127p from 110p. The move leaves the London-listed shares close to the new target and below the round 130p level.

Citi turns more neutral

According to Sharecast on September 21, 2026, Citi raised Vodafone's price target to 127p from 110p and kept a neutral rating. The new target is 15.5 percent above the September 18 close of 126.15p, a narrow gap that underlines the cautious tone.

Vodafone's latest reported quarter remains the first quarter of fiscal 2027, when service revenue rose 1.6 percent on a reported basis and EBITDAaL improved 2.9 percent. That combination matters more than the share price alone because the market is still looking for evidence that the turnaround can hold.

Revenue still sets the pace

In that first quarter, Vodafone also said group service revenue rose 1.2 percent organically, while Europe service revenue increased 0.9 percent and Africa service revenue grew 10.6 percent. For investors, the 10.6 percent Africa pace is the clearest operating number in the latest set.

A second marker is the company's current market value: the shares were valued at about GBP 40.46 billion as of September 18, 2026. Together with the 126.15p close, that keeps the stock in a tight range around Citi's updated target.

Price and market value

Vodafone stock stood at 126.15 pence on the London Stock Exchange on September 18, 2026, down 4.25 percent on the day.

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