5 Best Stocks to Buy According to Billionaire Bill Gates

3. Deere & Co (NYSE:DE)

Bill & Melinda Gates Foundation Trust Equity Stake: $2 Billion

Number of Hedge Fund Holders: 62

Stock Upside Potential: 14.60%

Deere & Co (NYSE:DE) is one of the best stocks to buy according to billionaire Bill Gates. Deere shares have gained more than 20% over the past six months, and analysts continue to see upside potential in the stock.

Investors bid up Deere stock by almost 7% on June 2 after the White House announced a reduction of tariffs on farm and construction equipment. Deere & Co (NYSE:DE) makes tractors and bulldozers, among other equipment and machinery. The Trump administration slashed the tariffs on imported agricultural and construction equipment to 15% from 25%, effective June 8.

The reduced tariff will run through the end of 2027, and the cut is intended to provide relief for farmers by making the equipment more affordable. The cut is also intended to boost investment in the industrial economy. In its fiscal Q2 2026, which ended May 3, Deere recorded $272 million in tariff refunds.

Ahead of the tariff cut, RBC Capital on May 25 raised its price target on Deere shares to $752 from $736 while keeping an Outperform rating on the stock. For this call, the brokerage pointed to Deere’s strong fiscal Q2 results that exceeded expectations despite the company facing various headwinds. The firm also noted that Deere kept its fiscal 2026 guidance intact.

Deere & Co (NYSE:DE) is a manufacturer of agricultural, construction, and forestry machinery. It also offers equipment parts, such as engines and drivetrains. Additionally, the company provides financial services designed to help customers purchase its products.