8 Analysts Assess Corteva: What You Need To Know
Portfolio Pulse from Benzinga Insights
Eight analysts have recently updated their ratings on Corteva (NYSE:CTVA), with a mix of bullish and indifferent stances. The average 12-month price target is now $51.2, down from $60.70, with a high estimate of $64.00 and a low of $2.59. Analysts have lowered their price targets, reflecting changes in market dynamics and company performance. Corteva, an agriculture company, has seen a -6.73% decline in revenue growth and has below-average net margins and ROE/ROA, but a favorable debt-to-equity ratio.
January 29, 2024 | 4:00 pm
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Corteva's average price target has been lowered to $51.2, indicating a bearish sentiment from analysts. The company faces revenue decline and profitability issues, which may impact investor confidence.
The reduction in the average price target for Corteva by analysts suggests a bearish outlook, which could lead to a decrease in stock price in the short term. The reported revenue decline and below-average profitability metrics may contribute to negative investor sentiment. However, the favorable debt-to-equity ratio could mitigate some concerns.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100