Deere & Company (NYSE: DE) Stock Analysis: A Look at the Future

Company Overview - Deere & Company (NYSE: DE) is a prominent manufacturer in the agricultural, construction, and forestry machinery sectors, recognized for its green and yellow equipment [1] - The company competes with major players such as Caterpillar and CNH Industrial [1] Stock Performance - The current stock price of DE is $469.87, reflecting a decrease of 5.67% or $28.26 [4] - The stock has fluctuated between $469.46 and $487.82 today, with a yearly high of $533.78 and a low of $403.01 [4] - DE's market capitalization is approximately $127 billion, with a trading volume of 5,471,364 shares on the NYSE [4] Analyst Insights - Jamie Cook from Truist Financial has set a price target of $612 for DE, indicating a potential increase of 30.25% from the current price [5][1] Investor Sentiment - Advisors Asset Management Inc. has reduced its stake in DE by 30.8%, now holding 8,434 shares valued at approximately $4.3 million after selling 3,753 shares [2] - Conversely, Brighton Jones LLC increased its stake by 39.1% during the fourth quarter, acquiring an additional 1,278 shares for a total of 4,548 shares valued at $1.9 million [3] - Mackenzie Financial Corp also raised its holdings by 9.6% in the same period, indicating confidence in DE's growth potential [3]