Commodities
Deere Stock Jumps on Analyst's Farming Market Rebound Prediction
Deere stock rose on Monday after analyst Mircea Dobre of Baird predicted a near-term recovery in the U.S. farming market.
Dobre believes rising corn and soy prices will drive an upturn in farming profits, boosting demand for large agricultural equipment, which would benefit Deere.
He estimates Deere's earnings per share will grow to $25 in 2027 and over $30 in 2028, nearly a 22% increase from the current $18.50.