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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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