Corteva (CTVA) Stock Forecast & Price Target

$61.23 +0.47 (+0.77%)

(As of 11/22/2024 ET)

Corteva - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
1

Hold
5

Buy
14

Based on 20 Wall Street analysts who have issued ratings for Corteva in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 5 have given a hold rating, and 14 have given a buy rating for CTVA.

Consensus Price Target

$64.33
5.07% Upside

According to the 20 analysts' twelve-month price targets for Corteva, the average price target is $64.33. The highest price target for CTVA is $71.00, while the lowest price target for CTVA is $52.00. The average price target represents a forecasted upside of 5.07% from the current price of $61.23.

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CTVA Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	15 Buy rating(s)	13 Buy rating(s)	16 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$64.33	$62.84	$61.67	$65.32
Forecasted Upside	5.07% Upside	4.13% Upside	10.99% Upside	39.95% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CTVA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTVA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Corteva Stock vs. The Competition

Type	Corteva	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.65	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.07% Upside	35.59% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent CTVA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$66.00 ➝ $69.00	+17.41%
11/20/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$67.00 ➝ $69.00	+18.97%
11/20/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$65.00 ➝ $67.00	+15.52%
11/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$69.00 ➝ $68.00	+15.55%
11/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$58.00 ➝ $62.00	+5.93%
11/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$69.00 ➝ $70.00	+18.02%
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11/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$67.00 ➝ $71.00	+23.07%
10/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Cunningham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$68.00	+15.02%
9/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$65.00 ➝ $65.00	+12.67%
8/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $55.00	+6.63%
6/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$61.00 ➝ $60.00	+15.27%
6/12/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$65.00 ➝ $65.00	+25.90%
6/7/2024	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Mixed ➝ Negative
5/3/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $65.00	+13.72%
5/3/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$64.00 ➝ $67.00	+17.13%
3/1/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$67.00	+25.30%
2/12/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$57.00 ➝ $65.00	+21.27%
2/2/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$53.00	-1.96%
11/27/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$63.00 ➝ $52.00	+11.42%
11/22/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$82.00 ➝ $63.00	+36.45%
10/24/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$65.00 ➝ $56.00	+15.08%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$74.00	+31.95%
7/25/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
5/22/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
5/22/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$67.00	+17.61%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:51 AM ET.

Should I Buy Corteva Stock? CTVA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Corteva pros and cons to contact@marketbeat.com.

Corteva
Bull Case

Here are some ways that investors could benefit from investing in Corteva, Inc.:

Corteva, Inc. has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance. Recent reports show that 15 analysts have given a buy rating, suggesting a positive outlook for the stock.
The current stock price of Corteva, Inc. is $55.19, which is considered attractive given its recent trading activity and market performance.
Institutional investors and hedge funds own 81.54% of Corteva, Inc.'s stock, reflecting strong institutional confidence and support for the company.
Recent analyst reports have set a consensus price target of $63.68, indicating potential upside for investors based on current valuations.
Corteva, Inc. has shown resilience in its market cap, currently at $37.93 billion, which positions it well for future growth in the agricultural sector.

Corteva
Bear Case

Investors should be bearish about investing in Corteva, Inc. for these reasons:

The stock has experienced volatility, with a recent drop of 3.8%, which may indicate underlying market concerns or investor sentiment issues.
Analysts have also issued a "hold" rating from Argus, suggesting that while the stock is stable, it may not be the best time to invest for aggressive growth.
Some analysts have lowered their price targets, with JPMorgan reducing its target from $57.00 to $55.00, indicating a cautious outlook on the stock's short-term performance.
The P/E ratio of 57.57 suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
With a beta of 0.77, Corteva, Inc. is less volatile than the market, which may not appeal to investors seeking high-risk, high-reward opportunities.

CTVA Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Corteva is $64.33, with a high forecast of $71.00 and a low forecast of $52.00.
: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corteva in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTVA shares.
: According to analysts, Corteva's stock has a predicted upside of 5.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Corteva's stock had 1 upgrade by analysts.
: Corteva has been rated by research analysts at Bank of America, Barclays, Citigroup, KeyCorp, Morgan Stanley, Oppenheimer, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Corteva more than other "consumer staples" companies. The consensus rating for Corteva is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how CTVA compares to other companies.

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This page (NYSE:CTVA) was last updated on 11/25/2024 by MarketBeat.com Staff

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Corteva (CTVA) Stock Forecast & Price Target