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Wajeeh Khan

Baird Just Upgraded Deere Stock. Here's Why.

DE Baird Deere Mircea Dobre Deere & Co

Baird's senior analyst Mircea Dobre believes an upcoming recovery cycle in agricultural equipment will drive Deere (DE) shares higher from current levels. In a research note yesterday, Dobre upgraded the NYSE-listed giant to “Outperform” and raised his price target to $800, indicating potential upside of about 23% from here.

His bullish call is particularly significant given Deere stock has been a major outperformer in 2026, currently up more than 40% year-to-date.

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