Deere & Co. (NYSE:DE) shares are climbing Monday after Baird upgraded the stock to Outperform from Neutral and sharply raised its price target.
Deere stock is charging ahead with explosive momentum. Why is DE stock up today?
Baird Upgrades Deere, Sees Cleanest Setup in North American Ag
Baird analyst Mircea Dobre upgraded Deere to Outperform from Neutral and raised his price target to $800 from $640, implying nearly 27% upside from the stock’s current price.
In Dobre’s view, no other equipment maker has a clearer path forward than Deere right now, given how much of its business rides on demand for row crop machinery across North America, a trait he said typically makes Deere the first stock investors reach for whenever they sense agricultural conditions are turning a corner. He acknowledged that dynamic already explains why the stock has performed well this year but said his research points to further gains building into 2027.
