Deere & Co (DE) Stock AnalysisDEDeere & Co

Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe. It operates in the Industrials sector (FARM MACHINERY & EQUIPMENT industry).

Currently, Deere & Co. (DE) is trading at $641.86, which is below several analyst price targets, including $730 from Raymond James and $813 from Evercore ISI. However, the stock has an RSI of 37.655, indicating it is nearing oversold territory, which could suggest a potential rebound. The recent insider selling has increased by 384.66%, indicating a lack of confidence among insiders, which is a significant risk. Therefore, while there are positive catalysts such as a strong year-to-date change of +37.50%, the current market sentiment and insider activity suggest holding off on buying at this time.

22 analysts cover DE: 7 rate it Buy, 14 Hold and 1 Sell. The average price target is 514.25.