Jim Cramer Calls Deere’s New Long-Term Financial Forecasts “Very, Very Bullish”

Deere & Company (NYSE:DE) is one of the stocks Jim Cramer expressed thoughts on. Cramer called it a “high-quality company” during the episode, as he remarked:

“Deere rolled out some new long-term financial forecasts that I thought were very, very bullish. Management said they expect net sales to rise at a 10% compound annual growth rate from this year through 2030. Very strong… For perspective, from 2000 to 2009, Deere’s revenue compounded at just a 7% clip. From 2010 to 2019, it was more like a 5% clip. From 2020 to 2025, it was just a 4% clip. In other words, management predicting that they’ll be able to deliver their best long-term revenue growth in a couple decades over the next five years, I think that’s huge.

If you believe they can hit the number, then Deere’s going from a 4% grower to a 10% grower. And typically, Wall Street’s willing to pay a lot more for stocks with faster revenue growth, yet for some reason, again, the stock didn’t rally. Man, this thing is hated. It actually went lower. Why? Because we’re only a few weeks away from the end of the year, and this is when money managers tend to buy winners, not stocks that have been languishing for seven months, like Deere. I do believe Deere can hit its targets, though. And sooner or later, that’s going to matter…

Now, how about that farm subsidy package the president announced on Monday?… Look, it doesn’t matter why this is happening. It only matters that US farmers are Deere’s primary customer base and that industry’s about to get $12 billion from the federal government. Sure, we’d love it to be from crops going up… you got to take it where you can get here. You better believe a decent chunk of this bail is going to tractors and other kinds of ag equipment. So let me give you the bottom line on what’s a very simple, clean story: Deere stock has spent most of the past seven months cooling off after a big run in late 2024 and early 2025. But I think the stock’s ready to start running again. If not now, then soon.

This is a high-quality company that’s finally returned to strong revenue growth after a couple of years lost in the wilderness, and management sounds very confident about the future through 2030. So if you don’t own any Deere already or if you bought some when I said, and you probably want to buy some more down here, I gotta tell you, you’re right. I feel like you’re getting a great opportunity to buy some shares in a really high-quality industrial when all the others are flying, while Wall Street’s still ignoring this one, I think most likely at its own peril.”

Pixabay/Public Domain

Deere & Company (NYSE:DE) manufactures farming, turf, construction, and forestry equipment, along with the parts and tools that support those machines.

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