7 Best Agriculture Stocks to Buy Right Now

2. Vital Farms Inc. (NASDAQ:VITL)

Average Upside Potential According to Analysts: 43.86%

Vital Farms Inc. (NASDAQ:VITL) is an agriculture company that produces and sells eggs and dairy products. As a national consumer brand, the company works with family farms to offer a range of ethically produced foods in the US. Vital Farms Inc.’s (NASDAQ:VITL) products include shell eggs, butter, hard-boiled eggs, and liquid whole eggs. Their products are available in more than 24,000 stores nationwide.

In the third quarter of 2024, the company reported an impressive 31.3% increase in net revenue, reaching $145 million, compared to $110.4 million in the same quarter last year. This growth was driven by a rise in sales volume. In the first nine months of the year, the company has managed to grow its sales by 31%.

Looking ahead, Vital Farms Inc. (NASDAQ:VITL) is focused on expanding its operations. In June, the company announced plans to open a new Egg Central Station (ECS) facility in Seymour, Indiana. This facility will enhance their egg washing and packing capabilities, building on the success of their existing operations in Springfield, Missouri. The expansion is part of their strategy to reach a net revenue target of $1 billion by 2027.

Over the past 3 years, Vital Farms Inc. (NASDAQ:VITL) has managed to grow its top line at a compound annual growth rate of 34%, while its bottom line surged at an impressive CAGR of 111%.

Analysts also have a positive outlook on Vital Farms Inc. (NASDAQ:VITL). The 1-year median price target of $41.00 set by analysts indicates a potential upside of 43% from current levels.

With strong financial performance and ongoing investments in capacity growth, Vital Farms Inc. (NASDAQ:VITL) is well-positioned for future success. VITL ranks among the best agriculture stocks to buy right now.