Movement Alert|Deere Rises 3.12% in Regular Trading, Baird Upgrades to Outperform With $800 Price Target

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On August 31, Deere rose 3.12% in regular trading, trading at $650.0 USD/share, with turnover of $28.132 million.

On the news front, Baird upgraded Deere from Neutral to Outperform and raised its price target significantly from $640 to $800, making it one of the highest institutional targets in recent weeks. The upgrade follows Deere's strong fiscal Q3 results, in which EPS came in at $5.10, beating consensus estimates by $0.40, while net sales of $12.61 billion surpassed expectations by nearly $1.9 billion, representing a 4.9% year-over-year increase. The company also raised its full-year net income guidance to $4.75-5.0 billion. Multiple firms have since revised targets upward, with DA Davidson adjusting to $760 and Daiwa Securities to $705. RBC Capital Markets noted that Deere is well-positioned for recovery, with early order program trends supporting the view that fiscal 2026 marks the bottom of the agricultural equipment cycle. Adoption of Deere's See & Spray precision technology doubled versus the prior period, now factory-equipped on roughly one-third of North American orders.

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