ADM (ADM) Stock: $95 Price Target And Overweight Rating

By Amit Chowdhry ● Apr 23, 2022
  • The shares of Archer-Daniels-Midland Co (NYSE: ADM) have received a $95 price target from Barclays. These are the details.

The shares of Archer-Daniels-Midland Co (NYSE: ADM) have received a $95 price target from Barclays. And Barclays analyst Benjamin Theuer increased the price target on Archer Daniels from $88 while maintaining an Overweight rating on the shares.

Theuer adjusted the rating ahead of the company’s first-quarter results on April 26. And Theuer believes that the company has further gained momentum as current market volatility is likely benefiting ADM.

Plus Theuer estimates the company’s net revenue nearly reached $22.5 billion in the first quarter, growing 19% year-over-year, driven by short-term disruptions which would have positively impacted results.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.