RBC Analysts Bullish on Deere’s Tech-Driven Agricultural Expansion and Market Position
Analysts project significant growth for Deere as it capitalizes on tech-enabled agriculture and expansion in Brazil. RBC’s $542 price target suggests an 18% rally from current levels, driven by reduced business cyclicality and market differentiation.
RBC Initiates Coverage with Optimistic Outlook
RBC Capital Markets has begun coverage of Deere & Company with an outperform rating, according to recent analyst reports. Sources indicate that analyst Sabahat Khan set a $542 price target, suggesting shares could potentially rally 18% from current levels. The analysis reportedly reflects expectations that 2025 will represent a cycle trough with improving results and sentiment through 2026.