11 Best Fertilizer Stocks to Invest In

6. Trimble Inc. (NASDAQ:TRMB)

Stock Upside Potential: 25.75%

Number of Hedge Fund Holders: 40

Trimble Inc. (NASDAQ:TRMB) is one of the best fertilizer stocks to invest in. On December 16, KeyBanc upgraded Trimble Inc. (NASDAQ:TRMB) to an Overweight from Sector Weight and set a $99 price target. The upgrade underscores the research firm’s confidence in the company’s prospects, with low-teens annual recurring revenue and a double-digit earnings-per-share growth framework.

According to the research firm, the growth metrics support multiple expansion of the company’s valuation to about 30X, in line with broader industrial peers. Likewise, KeyBanc expects end-market recovery to drive further upside.

On December 8, analysts at Oppenheimer reiterated an Outperform rating and a $102 price target, impressed by the company’s growth potential. The research firm remains confident that the company will achieve mid-teens annual recurring revenue growth.

The growth would be supported by the long tail of cross-sell and upsell opportunities within its existing customer base. The research firm is also banking on the geographic expansion of bundles and platforms in Europe, as well as on macroeconomic factors affecting transportation and the field solutions segment, to fuel growth.

According to Oppenheimer’s analysis, management believes that market leaders will be those who “dominate the bottom of the pyramid,” which makes boosting SMB penetration the second growth driver.

Trimble Inc. (NASDAQ:TRMB) is a leading precision agriculture company that helps farmers cut fertilizer use through smarter applications. Its technologies, such as Variable Rate and selective spraying, ensure inputs are applied only where and when needed. Tools like the Field‑IQ system use GPS and sensors to manage fertilizer, seed, and crop protection with accuracy, lowering costs and reducing waste.