Oppenheimer has revised its price target for Nutrien (NTR, Financial), bringing it down to $58 from the previous $60. Despite the adjustment, the firm continues to uphold an Outperform rating on the agricultural giant's shares.
In a recent analysis, Oppenheimer highlighted agriculture as a relatively stable sector amidst ongoing tariff-related and macroeconomic uncertainties. Although the agricultural industry is not entirely shielded from tariffs and potential retaliatory actions, the firm believes the fundamental outlook for agriculture remains solid going into 2025.
Oppenheimer also points out that government subsidies could play a crucial role in mitigating the economic impact on farmers, thereby providing some level of financial protection and stability in the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Nutrien Ltd (NTR, Financial) is $60.98 with a high estimate of $70.00 and a low estimate of $52.00. The average target implies an upside of 16.03% from the current price of $52.56. More detailed estimate data can be found on the Nutrien Ltd (NTR) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Nutrien Ltd's (NTR, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nutrien Ltd (NTR, Financial) in one year is $52.05, suggesting a downside of 0.97% from the current price of $52.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nutrien Ltd (NTR) Summary page.
