7 Best Automation Stocks to Buy for Warehouse Construction

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6. Deere & Company (NYSE:DE)

Upside Potential: 10.09%

Target Price: $648.89

Deere & Company (NYSE:DE) attracted analyst attention on June 4 when JPMorgan raised its price target on the stock to $590 from $560 while maintaining a Neutral rating. The firm believes agricultural industry fundamentals are improving and could support a moderate recovery in North America next year. JPMorgan now expects single-digit retail volume growth and modest pricing gains in 2027, reflecting a more balanced outlook for the agricultural equipment market despite ongoing tariff considerations and evolving farm economics.

Earlier, on May 27, Oppenheimer analyst Kristen Owen lowered the firm’s price target on Deere & Company (NYSE:DE) to $680 from $715 while maintaining an Outperform rating. Following extensive discussions with management, the firm noted that near-term share performance could remain influenced by weather conditions and commodity-price movements. However, Oppenheimer continues to view Deere favorably over the longer term and expects business conditions to improve gradually by 2027 as agricultural markets stabilize and demand trends strengthen.

Founded in 1837 and headquartered in Moline, Illinois, Deere & Company is a manufacturer of agricultural, construction, and forestry equipment. The company is also heavily involved in warehouse and industrial site development through its portfolio of earth-moving machinery, including excavators and crawler dozers.

While we acknowledge the potential of DE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DE and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Automation Stocks to Buy for Warehouse Construction.

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