Wells Fargo Edges Up Nutrien (NYSE:NTR) Price Target, Keeps Cautious Stance Amid Fertilizer Market Recovery

Nutrien Ltd. (NYSE:NTR) is one of the best commodity stocks to buy. On July 17, 2025, Wells Fargo reiterated its Equal Weight rating on the company while nudging its price target from $59 to $62. Though the rating remained unchanged, the upward revision suggests a slight improvement in Wells Fargo’s view of Nutrien’s near-term prospects.

The modest target hike likely reflects stable pricing conditions in fertilizer markets or incremental signs of margin recovery after a challenging period for the ag sector. Still, the decision to hold the line on a neutral rating points to lingering caution, perhaps tied to global demand uncertainty or tight cash flows.

Wells Fargo’s position aligns with a broader analyst consensus that sees Nutrien as fundamentally solid, but not yet primed for a breakout. The price target increase may signal confidence in operational execution or pricing discipline, but likely stops short of a bullish call due to structural headwinds or capital allocation concerns.

Nutrien (NYSE:NTR) is the world’s largest provider of crop inputs and services, with a strong presence in potash, nitrogen, and phosphate production. Headquartered in Saskatoon, Canada, the company serves growers across North and South America, Australia, and beyond.

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