Oppenheimer Cuts Nutrien (NTR) Price Target to $78

Oppenheimer kept its positive stance on Nutrien Ltd. (NYSE: NTR) on October 22, 2026, backing its Outperform rating while adjusting its price target down to $78.00 from $80.00.

NTR Nutrien Ltd.

$69.33 ▲ +12.42% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Oppenheimer's Call on Nutrien Ltd.

In its research note published on October 22, 2026, Oppenheimer maintained an Outperform rating on shares of Nutrien Ltd. while trimming the target price from $80.00 to $78.00. The firm's updated target sits above recent trading levels while reflecting a slight cooling in expectations compared to its prior target.

Other Institutional Activity in Nutrien Ltd.

Royal Bank of Canada grew its holdings by 1,888,437 shares, ending with 32,897,258 shares worth about $2,276,490,153. Bank of Montreal /CAN/ grew its holdings by 913,492 shares, ending with 13,797,719 shares worth about $954,802,112. First Eagle Investment Management, LLC trimmed its holdings by 17,981 shares, ending with 9,971,263 shares worth about $690,011,369 in a 0.2% decrease. Deutsche Bank AG grew its holdings by 817,612 shares, ending with 9,352,182 shares worth about $647,170,965. Mackenzie Financial Corporation grew its holdings by 86,471 shares, ending with 7,876,621 shares worth about $545,062,149.

Nutrien Ltd. Stock Holds Steady

Nutrien recently traded around $68.12 as of October 22, 2026. That puts the shares roughly 20.2% below their 52-week high of $85.36 and about 28.5% above their 52-week low of $53.03. The stock trades below its 50-day moving average of $73.13 and below its 200-day moving average of $70.81.

Recent Earnings

Nutrien reported trailing twelve-month revenue of $27,288,000,512 alongside year-over-year revenue growth of 4.0%. The company posted trailing twelve-month earnings of $4.94 per share. Nutrien recorded a net profit margin of 8.7% and a return on equity of 9.4%. The company's next earnings report is scheduled for November 4, 2026.

Dividend

Nutrien pays an annual dividend rate of $2.20 per share, which translates to a dividend yield of 3.23%. The company maintains a dividend payout ratio of 44.3%.

Analysts Set New Price Targets

Prior to Oppenheimer's update, other Wall Street firms weighed in on the stock. On July 27, 2026, Barclays maintained an Overweight rating with an $81.00 price target, moving down from $85.00. Later, on August 11, 2026, Barclays maintained its Overweight rating and lowered its target from $81.00 to $78.00. On September 18, 2026, RBC Capital reiterated an Outperform rating with an $85.00 price target. Overall, the stock carries a consensus buy recommendation from 21 analysts with a mean target price of $77.28.

About Nutrien Ltd.

Nutrien Ltd. operates as a major provider of agricultural inputs and services through four key segments: Retail, Potash, Nitrogen, and Phosphate. The company supplies crop nutrients, crop protection products, seed, and agronomic services to farmers around the world, alongside its mining and production operations.

Bottom Line

Investors will look toward Nutrien's upcoming earnings release on November 4, 2026, for further clues on agricultural market conditions. Market participants can continue tracking analyst revisions and institutional filings as the year progresses.