RBC Capital and Freedom Broker Raise Price Targets on Deere (DE) After Strong Quarterly Earnings

Deere & Company (NYSE:DE) ranks among the best set-it-and-forget-it stocks to buy right now. On May 26, RBC Capital increased its price target for Deere & Company (NYSE:DE) to $752 from $736, retaining an Outperform rating on the company’s shares. The firm referenced Deere’s second-quarter earnings, which outperformed forecasts despite the absence of an IEEPA tariff return.

Deere & Company (NYSE:DE) earned $6.55 per share, above the estimates of $5.70, while revenue came in at $13.37 billion, exceeding the expected $11.56 billion.

RBC highlighted that Deere’s fiscal 2026 outlook remained steady, given that the tariff return advantage was offset by a number of factors, including a downturn in South America. According to the firm, Deere continues to perform effectively in a hard climate.

Meanwhile, Freedom Broker increased its price target for Deere & Company (NYSE:DE) to $590 from $570 with a Hold rating. According to the firm, 2026 marks the low point of the major agricultural equipment cycle. Freedom also emphasized that Deere’s diverse portfolio is producing stronger intrinsic profitability at the cycle’s low stage when compared to past cycles.

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.

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