Financial analysts at Citi have increased their price target on Australia’s Worley (ASX:WOR) to A$20.50 from A$20.

The company announced on Wednesday an expected aggregate revenue growth for the financial year 2024.

The brokerage has commented that these results support a sustained earnings momentum into financial year 2025.

Furthermore, estimates for revenue have been increased by 4% for financial years 2024 and 2025 by the finance and investment service provider.

Citi has also upgraded the net profit after tax estimates for the financial year 2025 by 5%.

Citi foresees the core NPATA for financial year 2025 to be higher by 8%.

Among analysts, five out of nine rate the stock as ‘buy’ or higher, three view it as a ‘hold’ and one rates it as ‘sell’; with the median price target being A$18.23.

The stock has seen a 16.6% increase this year, as of the last closing date.

Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors.