Oppenheimer has revised its price target for Agco (AGCO, Financial), reducing it from $109 to $106 while maintaining an Outperform rating on the company's shares. The adjustment comes as the agricultural sector faces challenges due to ongoing tariff and macroeconomic uncertainties.
Despite these challenges, Oppenheimer highlights that agriculture has shown resilience in the current market environment. While the sector is not entirely shielded from the effects of tariffs and potential retaliatory measures, the fundamental outlook for agriculture as the market approaches 2025 remains strong.
Oppenheimer believes that the prospect of government subsidies could help mitigate the economic pressures faced by farmer customers, supporting the sector's stability amidst broader market fluctuations. The firm expresses confidence in Agco's position within this resilient market segment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for AGCO Corp (AGCO, Financial) is $95.71 with a high estimate of $110.00 and a low estimate of $75.00. The average target implies an upside of 19.77% from the current price of $79.91. More detailed estimate data can be found on the AGCO Corp (AGCO) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, AGCO Corp's (AGCO, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 AGCO Corp (AGCO, Financial) in one year is $83.13, suggesting a upside of 4.03% from the current price of $79.91. 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 AGCO Corp (AGCO) Summary page.
