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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.

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.

READ NEXT: 10 Best Stocks to Buy Amid Gold Rally and 10 Penny Stocks That Will Skyrocket.

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

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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