Ally Financial $ALLY (+1.75%) has been in the news lately after comments from their chief financial officer, Russell Hutchinson, at a Barclays conference. He highlighted that the company is facing some serious credit challenges, with borrowers struggling due to high inflation, rising costs of living, and a weakening job market.

Following these remarks, Ally's stock took a hit, dropping 18% on Tuesday. However, analysts at Citi, led by Keith Horowitz, believe this decline might be overdone. They rate Ally shares as a Buy with a price target of $50, suggesting that at around $32, it could be a good entry point.

While Ally's management didn’t provide specific guidance, which has left some investors feeling uncertain, the overall message wasn’t too surprising. The quick sell-off of shares caught some analysts off guard.

What do you all think? Is this a buying opportunity for Ally Financial, or are the risks too high right now? Let’s discuss!