Deere & Company (DE) Expands with Tenna Deal, Analysts Lift Price Targets

Group 1 - Deere & Company announced an agreement to acquire Tenna, a construction technology firm, to enhance equipment tracking and jobsite efficiency, with the deal expected to close in February 2026 pending regulatory approval [1] - BMO Capital Markets maintained a Market Perform rating on Deere & Company with a price target of $460, reflecting confidence in the company's ambitious five-year targets [2] - The company aims for earnings per share of $40 to $45 by fiscal 2030, supported by a 10% compound annual revenue growth rate and 20% margins, with projected sales of $63 billion by 2030 [3] Group 2 - Analysts predict that if Deere achieves its revenue and earnings targets, the stock's valuation could rise to between $600 and $700, supported by a strategy focused on North American excavators and agricultural innovation [4] - Jefferies analyst raised the stock's price target to $475 from $440 while maintaining a Hold rating, in response to the company's sharpened 2030 framework [5] - Deere & Company is known for its John Deere brand and focuses on technology like AI and robotics for precision farming, while also providing financial services and reducing fertilizer use through precision tools [6]