Deere & Company stock has come into focus for investors with speculations of its stock price possibly reaching
$300 and a target price of
$457.22. Firms including
Assetmark Inc. and
Smartleaf Asset Management LLC continue to significantly increase their holdings, whereas,
Mutual of America Capital Management LLC and
Commerzbank Aktiengesellschaft are reducing their stake in the company. Despite a slide in Deere's (DE) stock and falling sales, suggestions on Wall Street proclaim Deere as a strong 'buy'. The company's Q1 earnings report is eagerly awaited by investors, with certain speculations holding a belief on a grim outlook.
Jim Cramer addressed the impact of the global pricing crisis on Deere and jumping stock despite a decline in net sales. However, a percentage of stock vested in the institutional ownership continues to rise. There is also an anticipatory sentiment around Deere's earnings report scheduled for Q4 2024, increased dividends, and the company's stance to tackle issues like labour shortages with autonomous tractors. The
'Ag Cycle' seems to be the turning point for Deere's stock for the investors and momentum traders.
Deere Stocks DE News Analytics from Mon, 20 May 2024 07:00:00 GMT to Sat, 08 Mar 2025 11:31:17 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -4
