Citi Just Downgraded Bill Ackman's Pershing Square Stock to Sell, Citing a $45 Price Target Versus Its $60 Peak. Is PS Stock Overvalued After Its April IPO Rally?

Impact · against what's priced in

Pershing Square faces further downward pressure as BofA's new $38 price target suggests additional downside following the initial Citi-led correction. While Citi's valuation concerns are largely reflected in the recent 25% drop, the BofA downgrade introduces a new, lower floor for the stock's valuation.

PS−0.60: No priced-in read yet

Citi Just Downgraded Bill Ackman's Pershing Square Stock to Sell, Citing a $45 Price Target Versus Its $60 Peak. Is PS Stock Overvalued After Its April IPO Rally?

What matters in this story

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Citi Just Downgraded Bill Ackman's Pershing Square Stock to Sell, Citing a $45 Price Target Versus Its $60 Peak. Is PS Stock Overvalued After Its April IPO Rally?

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Citi Just Downgraded Bill Ackman's Pershing Square Stock to Sell, Citing a $45 Price Target Versus Its $60 Peak. Is PS Stock Overvalued After Its April IPO Rally?

What matters in this story

Next reads from the same story arc

Costco Wholesale Has Fallen More Than 10% From Its Peak Before. Here's What History Says Happens Next.

Citi Just Downgraded Bill Ackman's Pershing Square Stock to Sell, Citing a $45 Price Target Versus Its $60 Peak. Is PS Stock Overvalued After Its April IPO Rally?

What matters in this story

Next reads from the same story arc

Costco Wholesale Has Fallen More Than 10% From Its Peak Before. Here's What History Says Happens Next.

How each ticker is affected

Connected tickers

Track these names every morning.

CoreWeave Is Projected to Have a 6.3x Gross Leverage Ratio by Year End. The Market Is Worried About the Neocloud's Balance Sheet.

Why Serve Robotics Stock Plunged This Week

YSS DEADLINE ALERT: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages York Space Systems Inc. Investors to Secure Counsel Before Important October 30 Deadline in Securities Class Action - YSS

AVEX SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds AEVEX Investors of Securities Class Action Lawsuit Deadline on October 20, 2026