Citi raises target for National Australia Bank stock to AUD 42.10

Published on 10/13/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi lifted NAB's target from AUD 40.00 to AUD 42.10 on September 16, 2026. National Australia Bank stock costs EUR 24.48 at Lang & Schwarz on October 13, 2026.

Key points in brief

Citi raised its National Australia Bank target to AUD 42.10 from AUD 40.00 on September 16, 2026.
NAB reported third-quarter 2026 revenue of AUD 5.20 billion, up 6.10 percent year over year.
The stock was trading at EUR 24.48 at Lang & Schwarz on October 13, 2026 at 9:50 a.m. CEST.
NAB has scheduled its fiscal 2026 results announcement for November 5, 2026.

NAB, AU000000NAB4, Illustration mit AI erstellt.

National Australia Bank (ISIN AU000000NAB4) was trading at EUR 24.48 at Lang & Schwarz on October 13, 2026 at 9:50 a.m. CEST. On September 16, 2026, Citi upgraded the bank to Buy from Neutral and raised its target from AUD 40.00 to AUD 42.10, according to TipRanks.

Three recent figures shape NAB

On August 11, 2026, NAB announced executive leadership changes, with Pete Steel taking responsibility for Technology and AI, according to Simply Wall St. The change put digital operations and artificial intelligence under a single executive portfolio.

On August 17, 2026, NAB published its third-quarter trading update. Revenue reached AUD 5.20 billion, up 6.10 percent from the third quarter of 2025, while net income was AUD 1.80 billion and earnings per share were AUD 0.59, according to the NAB shareholder centre.

On September 16, 2026, Citi's AUD 42.10 target stood AUD 2.10 above its previous AUD 40.00 target. The upgrade therefore supplied a specific valuation reference while NAB's latest operating update showed higher revenue but a flat net-income comparison.

What does the target mean for valuation?

The target change was 5.25 percent, calculated from AUD 40.00 to AUD 42.10. It is a broker forecast rather than a reported company result, so the key counterpoint remains execution against the bank's latest revenue and earnings figures.

Results date sets the next marker

NAB's shareholder centre lists November 5, 2026 for the fiscal 2026 full-year results announcement. The date gives the market a defined point for testing whether the third-quarter revenue increase translated into the full-year outcome.

Euro quote remains the market reference

NAB's market capitalization was AUD 120.2 billion as of October 13, 2026. Its ASX quotation stood at AUD 39.25 on the same date, with a 52-week range of AUD 35.48 to AUD 49.45; the figures place the Australian listing below its yearly high while the German investor reference remained EUR 24.48.

The Lang & Schwarz quote was EUR 24.48 at 9:50 a.m. CEST on October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of National Australia Bank stock.