From Yahoo Finance: 2025-05-16 14:06:00

Several analysts raised Deere & Company’s price forecast after second-quarter results showed net sales and revenue fell 16% year-over-year to $12.76 billion, beating estimates. FY25 net income is projected between $4.75 billion and $5.5 billion. Raymond James analyst raised the price forecast to $560 with an Outperform rating.

The analyst notes Deere’s strong competitive standing in North America due to its vertically integrated structure. The Production & Precision Agriculture segment is expected to be impacted the least by tariff-related costs. Despite headwinds, the analyst believes the company’s margin assumptions are conservative.

DE Davidson analyst maintains a Buy rating with a $542 price forecast. Deere’s production and Precision Ag revenues exceeded estimates, boosting Equipment operating profit. While guidance was slightly widened, cash flow projections remained stable. The analyst sees Global Ag as less risky and DE maintaining its leadership.

Investors can access Deere & Company through iShares MSCI Agriculture Producers ETF (NYSE: VEGI) and Global X AgTech & Food Innovation ETF (NASDAQ: KROP).

Read more: Deere’s Resilience Shines Through Tariffs, Analysts Raise Price Forecasts