14 Best Farmland and Agriculture Stocks Buy Now

12. Dole plc (NYSE:DOLE)

Number of Hedge Fund Holders: 22

Dole plc (NYSE:DOLE) distributes and markets fresh vegetables and fruits. The company operates through the Fresh Fruit, Diversified Fresh Produce –EMEA, Diversified Fresh Produce – Americas and ROW, and Fresh Vegetables segments.

The company attained significant progress and development in 2024, delivering strong financial performance, continuing its solid growth trend over the last number of years, and exceeding its most recent adjusted EBITDA guidance by around $12 million. Dole plc (NYSE:DOLE) grew organically in 2024, which is why investors are bullish on the stock. Its Group revenue and adjusted EBITDA rose on a like-for-like basis, supported by growth across its core business areas and categories. Its median price target of $14.05 implies an upside of 26.33% from current levels.

BofA analyst Bryan Spillane raised Dole plc’s (NYSE:DOLE) price target to $14 from $12 on February 27 and kept an Underperform rating on the shares. The firm raised the company’s FY25 adjusted EBITDA forecast to $395.8 million from $382.0 million. The analyst reasoned with investors in a post-earnings note that Dole plc’s (NYSE:DOLE) “strong” adjusted EBITDA beat and its “history of guiding conservatively” support this raise.