RBC Capital Raises Nutrien (NTR) Price Target to $70, Keeps “Outperform”

Nutrien Ltd. (NYSE:NTR) is one of the best farmland and agriculture stocks to buy according to billionaires. On July 14, RBC Capital Markets raised the price target for Nutrien from $65 to $70. The investment bank maintained an “Outperform” rating while noting that the price target adjustment was part of a broader analysis of Q2 outcomes for fertilizer companies.

RBC Capital Raises Nutrien (NTR) Price Target to $70, Keeps “Outperform”

According to RBC analysts, fertilizer prices have exceeded expectations, driven by geopolitical disruptions that have affected nitrogen supplies and rising international natural gas prices. Phosphate supply remains tight, and potash demand continues to be robust. Nutrien’s strong position is supported by an 8% increase in US retail fertilizer sales volumes in April 2025 compared to April 2024, indicating strong application rates.

RBC highlighted Nutrien’s effective strategies, including achieving its $200 million annual cost savings target by 2025, one year ahead of schedule, and optimizing capital expenditure. The analysts estimated that Nutrien would generate approximately $2 billion in annual cash flows, equating to an 8% yield, supporting dividends, share buybacks, and strategic acquisitions.

Nutrien Ltd. (NYSE:NTR) is the world’s largest provider of crop inputs and services. It supplies potash, nitrogen, and phosphate fertilizers to farmers across more than a dozen countries. Through its Nutrien Ag Solutions division, the company offers precision agriculture tools, soil testing, and crop protection products that directly support farmland productivity.

While we acknowledge the potential of NTR 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 NTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.