J.P. Morgan Upgrades CF Industries, Eyes Tariff Tailwinds and Urea Price Surge

CF Industries (NYSE: CF) is one of the best agriculture technology stocks to buy now. On July 29, 2025, J.P. Morgan upgraded CF Industries from Underweight to Neutral, raising its price target from $75 to $92, a sharp 22% increase. The move follows growing expectations that the U.S. government could impose new tariffs on Russian urea imports, a critical nitrogen fertilizer that currently enters the American market tariff-free.

With other exporters already facing 10% duties, any leveling of the playing field would boost domestic producers like CF Industries, which already commands a dominant position in U.S. fertilizer supply. Analyst Jeffrey Zekauskas noted that tightening trade restrictions on Russia would likely firm up urea prices, improving CF’s margins and revenue visibility.

J.P. Morgan Upgrades CF Industries, Eyes Tariff Tailwinds and Urea Price Surge

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CF Industries (NYSE:CF) is a leading global manufacturer and distributor of nitrogen products used to boost crop yields. Based in North America, it serves agricultural and industrial customers worldwide, playing a central role in the global food supply chain.

While we acknowledge the potential of CF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CF and that has 100x upside potential, check out our report about this cheapest AI stock.

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