10 Best Farmland and Agriculture Stocks To Buy According to Hedge Funds

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1. Corteva, Inc. (NYSE:CTVA)

Number of Hedge Fund Holdings: 50

Number 1 on our list of 10 Best Farmland and Agriculture Stocks to Buy According to Hedge Funds is Corteva, Inc. (NYSE:CTVA), which functions within the agriculture business through its two segments, crop protection and seed processing.

As of quarter 1 of 2024, 50 hedge funds held interest in the stock, with the value accumulating to a whopping $1.4 billion! Harris Associates and Glenview Capital are the two biggest entities with interest in the stock, holding the stock worth $733.9 million and $391.4 million, respectively. The popularity of the stock is seen to be quite high as both these entities increased their holding in the stock by 42% and 45%, respectively, from the previous quarter. Moreover, the average target price set by 22 and 14 analysts is roughly around $63, which carries an upside potential of 19%, as compared to its current price of $52.92.

While we acknowledge the potential of Corteva, Inc. (NYSE:CTVA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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