From Financial Modeling Prep: 2025-06-06 14:58:00

Melius Research upgrades Deere (NYSE:DE) to Buy from Hold, with a new price target of $750. The firm sees Deere’s transformation into a tech-driven agricultural powerhouse as a major value catalyst, highlighting its dominant position in precision agriculture and smart farming solutions.

Deere aims for recurring and SaaS-style revenue to reach 10% of total sales, estimated at $5 billion by 2030. As adoption of these technologies grows and benefits to farmers become clearer, investors are expected to recognize the high-margin growth potential in Deere’s recurring revenue model.

Melius Research views Deere as a platform for recurring value creation, with significant room for expansion and monetization of its ag tech innovations. The firm believes the market will soon appreciate Deere’s long-term earnings potential and increasingly price in its growth prospects.



Read more at Financial Modeling Prep:: Deere Reaps Analyst Upgrade on Ag Tech Potential