Morgan Stanley Upgrades Nutrien (NTR) to Overweight, Raises Price Target to $77
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
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Source: seekingalpha
- Optimistic Market Outlook: Morgan Stanley upgraded Nutrien's rating to Overweight, forecasting that the global potash market will enter a 'tighter for longer' phase, supporting price and earnings growth, with valuation multiples expected to be influenced through at least 2028.
- Consistent Shipment Growth: Global potash shipments are projected to grow for the fourth consecutive year in 2026, a trend not seen since 2005, reflecting robust agricultural demand driven particularly by emerging markets.
- Price Expectations Revised Upward: Morgan Stanley raised its price forecasts for potash in key regions like the U.S., Brazil, and Southeast Asia, anticipating moderate price increases in 2026, primarily due to global effective capacity utilization remaining above 90%, ensuring price stability.
- Nutrien's Competitive Edge: The firm estimates that Nutrien's earnings will exceed market expectations by approximately 12% in 2026, and its reliance on potash and retail operations provides resilience against risks faced by nitrogen and phosphate producers.
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Analyst Views on NTR
Wall Street analysts forecast NTR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTR is 66.08 USD with a low forecast of 58.00 USD and a high forecast of 76.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
6 Buy
8 Hold
1 Sell
Moderate Buy
Current: 71.600
Low
58.00
Averages
66.08
High
76.00
Current: 71.600
Low
58.00
Averages
66.08
High
76.00
About NTR
Nutrien Ltd. is a global provider of crop inputs and services. The Company operates a network of production, distribution and ag retail facilities. The Company’s segments include Nutrien Ag Solutions (Retail), Potash, Nitrogen and Phosphate. Its downstream Retail segment distributes crop nutrients, crop protection products, seed and merchandise, and provides agronomic application services and solutions, including the services offered through Nutrien Financial. The Retail segment also manufactures and distributes proprietary products and provides services directly to farmers through a network of retail locations in North America, South America and Australia. Its upstream Potash, Nitrogen and Phosphate segments are differentiated by the chemical nutrient contained in the products that each segment produces and are supported by midstream activities, which include the global sales, freight, transportation and distribution of its products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Nutrien Ltd. to Release Q4 2025 Results on February 18
- Earnings Release Schedule: Nutrien Ltd. plans to announce its fourth quarter 2025 financial results after market close on February 18, providing investors with critical performance data and future outlook.
- Conference Call Details: The company will host a conference call on February 19 at 10:00 a.m. EST to discuss the results and outlook, with investors able to join by dialing 1-800-990-2777 or 1-416-855-9085.
- Webcast Access: The conference call will be available via webcast on Nutrien's Investor Events page, with the link accessible for 12 months post-call, ensuring investors can retrieve information at their convenience.
- Company Overview: Nutrien is a leading global provider of crop inputs and services, focusing on investments that enhance business advantages and meet growers' needs, thereby creating long-term value.
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