Unveiling 6 Analyst Insights On Corteva
Portfolio Pulse from Benzinga Insights
Corteva (NYSE:CTVA) has received mixed analyst ratings over the last three months, with a total of 6 analysts offering diverse outlooks ranging from bullish to bearish. The recent updates include raised price targets by analysts from Mizuho, Oppenheimer, Barclays, Keybanc, and Loop Capital, while JP Morgan lowered its price target. The average 12-month price target for Corteva is now $62.33, reflecting a 6.55% increase from the previous average of $58.50. Corteva, an agriculture company spun off from DowDuPont in 2019, has shown a revenue decline of -3.08% over the past 3 months but maintains a strong market position with a notable market capitalization and net margin.
May 02, 2024 | 3:00 pm
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Corteva has received mixed reviews from analysts, with recent actions including both raised and lowered price targets. The average 12-month price target now stands at $62.33, indicating a positive outlook. Despite a slight revenue decline, Corteva's strong market fundamentals may reassure investors.
The mixed analyst ratings with a general trend towards raising price targets suggest a cautiously optimistic outlook for Corteva. The company's strong market position, indicated by its market capitalization and net margin, alongside the recent adjustments in analyst expectations, point towards potential short-term positive momentum for CTVA's stock price. The revenue decline is a concern but seems to be outweighed by the positive adjustments in price targets and Corteva's overall market strength.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100