Oppenheimer has revised its price target for Lavoro (LVRO, Financial), lowering it to $5 from the previous $6, while maintaining an Outperform rating on the company's shares. The decision reflects the ongoing challenges posed by tariffs and broader macroeconomic uncertainties.
Despite the challenging environment, the agriculture sector, where Lavoro operates, is showing resilience in the market landscape. While not fully insulated from the effects of tariffs and potential retaliatory actions, the fundamental outlook for agriculture as we approach 2025 remains strong, according to the firm's analysis.
Oppenheimer notes that government subsidies could play a significant role in cushioning the economic impact on Lavoro's farmer clientele. This anticipation of potential governmental support is seen as a stabilizing factor amid the current economic pressure points affecting the agricultural sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Lavoro Ltd (LVRO, Financial) is $5.50 with a high estimate of $6.00 and a low estimate of $5.00. The average target implies an upside of 78.89% from the current price of $3.07. More detailed estimate data can be found on the Lavoro Ltd (LVRO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Lavoro Ltd's (LVRO, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
