Deere & Co. shares surged to a record high above $700 this week, climbing 10% since last Friday's close after the company reported a strong fiscal third-quarter and raised the low end of its full-year net income guidance by $250 million. CEO John May stated that 2026 is expected to mark the bottom of the current agricultural equipment cycle, and Baird analyst Mircea Dobre believes this signals the start of a recovery, setting a price target of $800 per share, implying about 15% upside. Despite challenges from fluctuating tariffs and refunds, Deere remains confident due to its diversified product groups and advanced technology offerings.
Deere & CompanyStrong earnings and raised guidance drive stock to record high
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