JP Morgan Cuts Bunge Global (BG) Price Target to $139
JP Morgan continues to endorse Bunge Global SA with an Overweight rating and a price target of $139, a 29.24% upside from the current price.
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JP Morgan cut its price target on Bunge Global SA ($BG) to $139 from $140 on October 12, 2026, and rates the stock "Overweight".
Since the rating, $BG is up 1.8% to date (from the $104.22 close on Oct 12, 2026).
BG
Bunge Global SA
Key Points
- On October 12, 2026, JP Morgan reiterated its Overweight rating on Bunge Global SA, setting a price target of $139.
- JP Morgan's $139 price target implies 29.24% upside from Bunge Global SA's ($BG) current $107.56 share price.
- The stock is currently trading at $107.56, which is about 22.6% below the analyst's target.
- Bunge Global has a dividend rate of $2.88, reflecting a payout ratio of 60.8%.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Bunge Global SA alert may contain errors. Disclosures
JP Morgan has reiterated its Overweight rating on Bunge Global SA (NYSE: BG) on October 12, 2026, maintaining a price target of $139. This target is down from a prior target of $140. As of October 16, 2026, the stock was recently trading at $107.56, which is about 22.6% below the target set by the analyst.
Other Institutional Activity in Bunge Global SA
Several institutional investors have positions in Bunge Global SA. Glencore Plc holds 32,806,103 shares valued at about $3.48 billion. Canada Pension Plan Investment Board has 26,247,358 shares worth approximately $2.79 billion. Capital World Investors reduced its holdings by 766,037 shares, ending with 19,446,028 shares valued at about $2.06 billion. Blackrock Inc. increased its stake by 621,191 shares, totaling 15,271,911 shares worth around $1.62 billion. Vanguard Capital Management LLC holds 9,504,388 shares valued at about $1.01 billion.
Bunge Global SA Stock Down 6.9%
Bunge Global's stock is currently trading at $107.56, which is below the recently set price target of $139. The shares are trading significantly lower than the target, indicating a potential opportunity for investors. The stock has a dividend rate of $2.88, reflecting a payout ratio of 60.8%.
$BG price target
Bunge Global SA daily closes and this analyst's $139 target. Not advice.
Recent Earnings
Bunge Global reported trailing-twelve-month revenue of approximately $91.8 billion, showing a year-over-year revenue growth of 88.3%. The company has an earnings per share (EPS) of $4.63. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
1 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 103.4%. Revenue missed estimates by 8.2%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 42 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise.
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Earnings quality
Gross margin up 2.3 points. Operating margin up 3.1 points. Positive free cash flow.
Earnings Call Summary
The first quarter was exceptionally strong, with adjusted earnings of $1.83 per share beating consensus by 86 cents. Soybean and softseed processing delivered excellent results across South America and North America, with the combined Viterra footprint driving higher volumes and margins. Grain merchandising and tropical oils underperformed due to higher logistics costs and softer food demand. Management credited global disruption from the Middle East conflict but said Bunge's diversified footprint and operational discipline allowed it to capitalize on biofuels demand and farmer selling rallies.
Guidance Bunge raised its full year adjusted earnings guidance to $9 to $9.50 per share from the prior range of $7.50 to $8. The company expects about $5.50 per share in the first half and $3.50 to $4 in the second half, reflecting strong processing margins offset by uncertainty in grain merchandising and tropical oils. Management sees stronger soybean and softseed processing driving results, with biofuels policy support benefiting oil demand.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Insider Buying and Selling at Bunge Global SA
On August 4, 2026, Director Christopher Mahoney purchased 6,500 shares valued at about $689,050. This transaction was not part of a planned trading strategy.
Analysts Set New Price Targets
On September 10, 2026, UBS maintained its Buy rating on Bunge Global, raising its price target from $145 to $155. Meanwhile, JP Morgan's recent reiteration of its Overweight rating comes with a target of $139.
About Bunge Global SA
Bunge Global SA operates in the agribusiness and food sector. It focuses on processing and refining soybeans, softseeds, and other oilseeds, along with grain merchandising and milling. The company plays a significant role in the global food supply chain, which is essential for its business performance.
Bottom Line
Investors should keep an eye on the upcoming earnings report on November 4, 2026, for further insights into Bunge Global's performance. The reiteration of the Overweight rating by JP Morgan highlights its ongoing confidence in the company despite the stock trading below the target price.
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Source: JP Morgan's rating change on $BG (Oct 12, 2026). Written by software, not financial advice. How we make alerts