Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook

Deere & Company (NYSE:DE) ranks among the top robotics to buy according to analysts. Following the company’s fiscal third-quarter results, Oppenheimer maintained its Outperform rating on Deere & Company (NYSE:DE) and increased its price target from $560 to $566 on August 15.

The change follows a 6.8% stock selloff sparked by Deere’s quarterly report, which Oppenheimer described as offering investors an alluring entry position as positive signals appear in the markets of Europe and Latin America.

Although the end-of-period results were characterized as “anticipated and better-than-feared,” Oppenheimer pointed out that pessimistic comments to the report were centered on poor end-of-period results, unanticipated negative pricing in Large Agriculture, and increasing tariff expenses.

With projections of modest increase led by North American harvest results, clarity on biofuels policy, and performance in used equipment merchandising, the firm maintained expectations at the higher range of the 2026 consensus.

Deere & Company (NYSE:DE) is an American company that manufactures agricultural, heavy, and forestry machinery, diesel engines, heavy equipment drivetrains, and lawn care equipment. The company also provides financial services and engages in other business operations. With its AI-powered autonomous tractors, harvesters, sprayers, and other machinery, the company has began venturing into agricultural robotics. One notable instance is the company’s See and Spray robots, which are used to spray herbicides and fertilizers.

While we acknowledge the potential of DE to grow, 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.