KeyBanc has adjusted its price target for Corteva (CTVA, Financial), raising it from $70 to $71, while maintaining an Overweight rating for the company's shares. The adjustment reflects a strategic focus on how the impact of tariffs may influence demand during the first quarter earnings season. The firm notes that while the first quarter results and the guidance for 2025 are significant, they may hold slightly less importance compared to the repercussions of tariffs on the chemical sector.
The analysis also highlights potential topics of interest, including the extent of U.S. imports of raw materials from countries with high tariffs, and any potential pricing strategies companies might undertake to counteract increased costs. Additionally, KeyBanc anticipates evidence of declining demand, as indicated by several data points showing weak trends in March, which likely persisted into April.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Corteva Inc (CTVA, Financial) is $69.22 with a high estimate of $75.00 and a low estimate of $59.00. The average target implies an upside of 16.77% from the current price of $59.28. More detailed estimate data can be found on the Corteva Inc (CTVA) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Corteva Inc's (CTVA, Financial) average brokerage recommendation is currently 2.0, 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 Corteva Inc (CTVA, Financial) in one year is $61.02, suggesting a upside of 2.94% from the current price of $59.28. 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 Corteva Inc (CTVA) Summary page.
