Are Wall Street Analysts Predicting Deere & Company Stock Will Climb or Sink?

Moline, Illinois-based Deere & Company (DE) is one of the world's largest producers of agricultural equipment and manufactures agricultural machinery under its John Deere brand. Valued at a market cap of $130.8 billion, the company is focused on revolutionizing agriculture with technology in an effort to make farming automated, easier, and more precise across the production process. 

This agricultural equipment manufacturer’s shares have outpaced the broader market over the past 52 weeks. Deere has rallied 24.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.3%. Moreover, the stock is up 13.3% on a YTD basis, compared to SPX’s 4% rise during the same time frame.