Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTNoor Ul Ain RehmanWed, June 24, 2026 at 2:17 PM GMT+2 2 min readBarclays PLC (NYSE:BCS) is one of the top cheap growth stocks to get rich. JPMorgan lifted the price target on Barclays PLC (NYSE:BCS) to 600 GBp from 590 GBp on June 12 and maintained an Overweight rating on the shares. The rating update came the same day Barclays PLC (NYSE:BCS) announced that Barclays Bank UK PLC entered into an agreement to acquire GoHenry, operating through GoHenry Limited, from Acorns Grow Incorporated. It expects the completion of the transaction to occur in fiscal Q4 2026, subject to certain regulatory approvals and other conditions.Is Barclays PLC (BCS) the Best Undervalued UK Stock to Buy Right Now?Management stated that GoHenry is one of the most recognised brands for youth banking in the UK youth banking segment, and currently serves more than half a million UK children.Barclays PLC (NYSE:BCS) further reported that the transaction is anticipated to reduce its CET1 ratio by approximately 5bps upon completion, based on its CET1 ratio as at 31 March 2026, and that the transaction will not affect financial guidance or targets for Barclays Group or Barclays UK for 2026 or 2028.Barclays PLC (NYSE:BCS) is a bank holding company that provides credit cards, retail banking, corporate and investment banking, and wealth management services. The company’s operations are divided into the following segments: Barclays United Kingdom (UK), Barclays United Kingdom (UK) Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank, Barclays United States (US) Consumer Bank, and Head Office.While we acknowledge the potential of BCS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info