Corteva stock price target raised to $85 from $84 at KeyBanc

Investing.com - KeyBanc raised its price target on Corteva Inc. (NYSE:CTVA) to $85 from $84 while maintaining an Overweight rating, citing strong execution across all business segments. According to InvestingPro data, the stock has delivered an impressive 39% return over the past year, with analysts setting price targets ranging from $60 to $92.

The agricultural company is showing robust performance with Seed price and volume up 3% and Crop Protection volumes increasing by 11%, alongside lower costs. These factors have led to first-half results exceeding expectations, with EBITDA on track to grow approximately 14% this year. The company maintains a strong financial position with a healthy current ratio of 1.68 and operates with moderate debt levels, earning a "GOOD" overall Financial Health score from InvestingPro.

KeyBanc noted that Corteva’s management increased its EBITDA guidance for the year by $100 million after beating second-quarter expectations by approximately $200 million, setting a relatively low bar for the second half of 2025.

Crop Protection pricing is beginning to stabilize in most regions, though Brazil continues to face competitive pressures. Seed orders from Brazil for the second half of 2025 are tracking ahead of pace, with approximately 90% secured for the summer crop and 40% for Safrinha.

Corteva is currently trading at 13.3 times KeyBanc’s 2025 estimated EBITDA and 12.2 times its 2026 estimate, compared to the historical forward-year average of 12.5 times.

In other recent news, Corteva Inc. reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $2.20, exceeding the projected $1.89. Additionally, Corteva’s revenue reached $6.54 billion, outperforming the anticipated $6.27 billion. Oppenheimer has reiterated its Outperform rating for Corteva, maintaining a price target of $87.00, following these impressive results. The firm highlighted Corteva’s optimistic outlook for the second half of the year, focusing on stabilizing Crop Protection dynamics in Latin America and projecting mid-single-digit acreage growth. These developments reflect the company’s strong performance and strategic focus moving forward.

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