DA Davidson Boosts Deere (DE) Target on Improving Demand Outlook

Deere & Company (NYSE:DE) is included among the 13 Best March Dividend Stocks to Buy.

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On February 23, DA Davidson raised its price recommendation on Deere & Company (NYSE:DE) to $775 from $580. The firm maintained a Buy rating on the shares. The analyst made the change after the company reported stronger-than-expected Q1 results. The firm said order activity in the large agriculture segment is showing signs of improvement. At the same time, Construction and Small Ag/Turf businesses are providing stronger support than before. This combination has helped stabilize overall demand and improve the outlook.

During its fiscal Q1 2026 earnings call, Christopher Seibert, Manager of Investor Communications, said John Deere reported an operating margin of 5.9% in its equipment operations. He noted that every business segment delivered year-over-year net sales growth. The small agriculture and turf segment, along with Construction & Forestry, stood out in particular. Both recorded top-line growth of more than 20%. Seibert said the company’s performance exceeded expectations, supported by higher shipping volumes than originally planned.

He also pointed to improving order trends during the quarter. Order books strengthened across several product categories, especially in small agricultural equipment, turf products, and construction machinery. This improvement reflects more consistent demand across key markets. Seibert added that recent trends over the past three months have reinforced the company’s view that fiscal 2026 will likely mark the low point in the current cycle. He said the company expects its equipment operations to deliver mid-single-digit net sales growth for the full fiscal year.

Deere & Company (NYSE:DE) manufactures and sells agricultural, construction, and forestry equipment.

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