DA Davidson Lifts Valmont Target to $400, Cites Strong Execution and Long-Term Upside

Valmont Industries (NYSE:VMI) is one of the best agriculture technology stocks to buy now. On July 23, 2025, DA Davidson analyst Brent Thielman maintained a Neutral rating on the stock but raised the price target from $325 to $400, reflecting renewed confidence in Valmont’s long-term trajectory.

Thielman pointed to the company’s strong internal execution and a resilient earnings base that suggests solid upside over a three-to-four-year horizon. While cautious on the near-term due to softness in agricultural demand, the note acknowledged that recent earnings exceeded expectations—Valmont posted Q2 adjusted EPS of $4.88 versus the $4.71 consensus, and revenue hit $1.05 billion, beating forecasts.

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The revised price target reflects the firm’s belief that Valmont’s strategic initiatives are gaining traction, particularly in infrastructure and irrigation technologies. However, Thielman emphasized that much of the near-term upside has already been priced in following the stock’s recent rebound.

Valmont Industries is a global leader in engineered products and services for infrastructure and agriculture. Known for its mechanized irrigation systems and smart farming technologies, the company operates in over a 100 markets, with about 83 facilities.

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Disclosure: None.