Corteva, Inc. (CTVA)
NYSE: CTVA · IEX Real-Time Price · USD
56.74
+0.29 (0.51%)
May 20, 2024, 4:00 PM EDT - Market closed
Corteva Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Corteva stock have an average target of 62.81, with a low estimate of 52 and a high estimate of 74. The average target predicts an increase of 10.70% from the current stock price of 56.74.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Corteva stock from 23 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 7 | 6 | 6 | 8 |
| Buy | 9 | 9 | 9 | 10 | 9 | 9 |
| Hold | 5 | 5 | 5 | 5 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 22 | 21 | 21 | 21 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $62 → $65 | Strong Buy | Maintains | $62 → $65 | +14.56% | May 6, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $62 → $64 | Buy | Maintains | $62 → $64 | +12.80% | May 6, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $60 → $65 | Strong Buy | Maintains | $60 → $65 | +14.56% | May 3, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $66 → $67 | Buy | Maintains | $66 → $67 | +18.08% | May 3, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $64 → $67 | Buy | Maintains | $64 → $67 | +18.08% | May 3, 2024 |
Financial Forecast
Revenue This Year
17.94B
from 17.23B
Increased by 4.15%
Revenue Next Year
18.76B
from 17.94B
Increased by 4.58%
EPS This Year
2.90
from 1.03
Increased by 181.72%
EPS Next Year
3.51
from 2.90
Increased by 20.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.8B | 20.0B | 21.0B | 20.7B | 21.3B |
| Avg | 17.9B | 18.8B | 19.4B | 19.5B | 20.0B |
| Low | 17.0B | 17.3B | 17.7B | 18.0B | 18.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.2% | 11.4% | 11.7% | 6.6% | 9.5% |
| Avg | 4.2% | 4.6% | 3.6% | 0.2% | 2.5% |
| Low | -1.4% | -3.5% | -5.6% | -7.6% | -6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.18 | 3.94 | 4.46 | 3.96 | 4.19 |
| Avg | 2.90 | 3.51 | 3.94 | 3.80 | 4.07 |
| Low | 2.70 | 2.93 | 3.28 | 3.61 | 3.91 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 208.9% | 35.7% | 27.2% | 0.4% | 10.3% |
| Avg | 181.7% | 20.9% | 12.4% | -3.7% | 7.1% |
| Low | 161.7% | 1.0% | -6.5% | -8.6% | 2.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.