JP Morgan Cuts Archer-Daniels-Midland (ADM) Price Target to $75
JP Morgan has reiterated its Underweight rating on Archer-Daniels-Midland Company, lowering the price target from $77 to $75, a 9.12% downside from the current price.
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JP Morgan cut its price target on Archer-Daniels-Midland Company ($ADM) to $75 from $77 on October 12, 2026, and rates the stock "Underweight".
Since the rating, $ADM is up 2.7% to date (from the $80.42 close on Oct 12, 2026).
ADM
Archer-Daniels-Midland Company
Key Points
- On October 12, 2026, JP Morgan reiterated its Underweight rating on Archer-Daniels-Midland Company (NYSE: ADM), lowering the price target to $75 from $77.
- JP Morgan's $75 price target implies 9.12% downside from Archer-Daniels-Midland Company's ($ADM) current $82.53 share price.
- As of October 16, 2026, ADM shares recently traded around $82.53, which is above both its 50-day and 200-day moving averages.
- The average target price among analysts for ADM is $80.20, with ten analysts providing opinions on the stock.
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JP Morgan has reiterated its Underweight rating on Archer-Daniels-Midland Company (NYSE: ADM) on October 12, 2026. The firm lowered its price target to $75 from $77. This marks a change in JP Morgan's view on the stock, as they maintain a cautious outlook.
Other Institutional Activity in ADM
State Farm Mutual Automobile Insurance Co holds 46,796,552 shares of ADM, valued at approximately $3.87 billion. Blackrock Inc. increased its position by 1,761,548 shares, bringing its total to 44,621,586 shares worth about $3.69 billion. Meanwhile, State Street Corporation reduced its holdings by 26,933 shares, ending with 33,639,018 shares valued at about $2.78 billion. Vanguard Capital Management LLC added 249,924 shares, totaling 31,490,457 shares worth approximately $2.60 billion, while Vanguard Portfolio Management LLC increased its stake by 875,075 shares, reaching 26,918,972 shares valued at about $2.22 billion.
Archer-Daniels-Midland Company Stock Down 1.3%
As of October 16, 2026, ADM shares are trading around $82.53, which is about 2.9% above the average target price of $80.20. The stock is currently above both its 50-day moving average of $82.09 and its 200-day moving average of $75.49. However, it is about 7% below its 52-week high of $88.75.
$ADM price target
Archer-Daniels-Midland Company daily closes and this analyst's $75 target. Not advice.
Recent Earnings
In its most recent earnings report, ADM reported trailing twelve-month revenue of approximately $82.1 billion and earnings per share (EPS) of $3.65. The company's return on equity (ROE) stands at 7.6%, with a net margin of 2.2%. The next earnings report is expected on November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 6.6%. Revenue met estimates.
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Profit surprise
EBITDA missed by 37 percent. Operating income missed by 13 percent.
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Pre-earnings setup
Bar was low, analysts cautious going in.
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Analyst signal
4 target raises.
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Earnings quality
Operating margin up 0.8 points. Positive free cash flow.
Earnings Call Summary
ADM delivered a strong first quarter with adjusted earnings per share of $0.71, beating the $0.66 consensus. Revenue was $20.49 billion versus $20.42 billion consensus. Crushing and ethanol businesses benefited from a constructive commodity environment following EPA finalization of renewable volume obligations in late March. The company's Ag Services segment grew 26 percent year over year on higher exports, while Nutrition operating profit surged 42 percent driven by flavor sales and recovery of the Decatur East plant. Management is confident about continued momentum across all three segments through the balance of 2026.
Guidance ADM raised full year earnings guidance to $4.15 to $4.70 per share from $3.60 to $4.25. The company expects continued strength in ethanol margins, normalization of soybean purchases from China, and sustained nutrition growth. About $275 million in negative mark-to-market impacts from Q1 are expected to reverse mostly in Q2, with the remainder in the second half.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
ADM pays an annual dividend yielding 2.51%, with a payout ratio of 56.4%.
Insider Buying and Selling at Archer-Daniels-Midland Company
Recent insider transactions include Jennifer L Weber, an officer, who sold 25,000 shares at an average price of $67.04 on February 17, 2026, totaling about $1.68 million. Gregory A Morris, another officer, sold 50,000 shares for $3.42 million on March 10, 2026, at an average price of $68.48. Christopher M Cuddy and Ian R Pinner, both officers, sold 35,000 shares at $73.50 and 34,106 shares at $71.53, respectively, on March 13, 2026, totaling $2.57 million and $2.44 million.
Analysts Set New Price Targets
On October 12, 2026, JP Morgan maintained its Underweight rating on ADM with a price target of $75, down from $77. The average target from analysts is $80.20, with ten analysts providing their opinions on the stock.
About ADM
Archer-Daniels-Midland Company is a global leader in human and animal nutrition, providing ingredients and solutions across various markets. The company operates in three main segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. This reiteration of the Underweight rating reflects JP Morgan's cautious stance amid changing market conditions.
Bottom Line
Investors should monitor ADM closely as it approaches its next earnings report on November 3, 2026. The adjustments in analyst ratings and price targets will be important to watch as market conditions evolve.
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Source: JP Morgan's rating change on $ADM (Oct 12, 2026). Written by software, not financial advice. How we make alerts