In a report released yesterday, Richard Garchitorena from Wells Fargo maintained a Buy rating on Corteva (CTVA – Research Report), with a price target of $73.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Richard Garchitorena has given his Buy rating due to a combination of factors including Corteva’s impressive first-quarter earnings performance, which surpassed expectations in terms of both EPS and EBITDA. The company’s ability to expand margins significantly across its segments, particularly in Seed and Crop Protection, has been a key driver of this success. Corteva’s strategic cost-saving initiatives have led to substantial margin improvements, with notable pricing gains and volume growth contributing to this positive outcome.
Furthermore, despite maintaining a conservative full-year earnings guidance, Corteva’s outlook for the first half of 2025 suggests continued EBITDA growth. The company’s resilience in managing potential tariff impacts and its commitment to shareholder value through share repurchases further bolster confidence in its future performance. These factors collectively support the Buy rating as Corteva demonstrates strong operational execution and promising growth prospects.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $65.00 price target.
CTVA’s price has also changed slightly for the past six months – from $58.640 to $62.480, which is a 6.55% increase.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue