Deere & Co

DE

Market cap $156B

Recently, Zacks.com users have been paying close attention to Deere (DE). This makes it worthwhile to examine what the stock has in store.

The latest trading day saw Deere (DE) settling at $617.88, representing a +1.4% change from its previous close.

The company's core agriculture business is at the bottom of a cyclical downturn. Demand for data center construction is now a meaningful driver for equipment sales.

Investors interested in stocks from the Manufacturing - Farm Equipment sector have probably already heard of Agco (AGCO) and Deere (DE). But which of these two companies is the best option for those looking for undervalued stocks?

Deere & Company (NYSE:DE) stock got a vote of cautious confidence from Wall Street on Wednesday, as Jefferies upgraded the farm equipment giant to Hold and set a $550 price target.

Deere & Co. has agreed to pay $99 million as part of a settlement that would resolve a class action lawsuit accusing the farm equipment giant of monopolizing repair services.

Today's Big 3 focuses on stocks Aquiles Larrea, Jr. sees as fortresses in Wall Street despite ongoing geopolitical uncertainty. He makes the case for continuing strength in Boeing (BA), Deere & Co. (DE), and FedEx (FDX) and explains why they all have room in a "quality portfolio.

Deere settles 'right to repair' litigation with no wrongdoing found, creating a class fund while reinforcing its push for customer-focused repair solutions.

MOLINE, Ill., April 6, 2026 /PRNewswire/ -- Deere & Company (NYSE: DE) announced today that it has reached a settlement agreement to resolve the multidistrict "right to repair" litigation pending in the United States District Court for the Northern District of Illinois.

Deere & Company is a high-quality, cyclical leader in agricultural equipment, currently trading at a superficially expensive 31x forward P/E. I expect DE's P/E ratio to contract rapidly as cyclical earnings rebound, with catalysts including potential energy and food price shocks and a North American economic recovery. Management forecasts a bottoming in 2026, with PPA revenues contracting but SAT and CF segments growing 15% and margin expansion anticipated.