Deere Reports Stabilizing Demand With Segment Growth

Deere & Company reported stronger-than-expected fiscal Q1 2026 results and said Feb. 23 DA Davidson raised its price target to $775 from $580. Management reported a 5.9% equipment operating margin, more than 20% year-over-year growth in small ag/turf and Construction & Forestry, and improving order books. Deere expects fiscal 2026 to mark the cycle low and forecasts mid-single-digit net sales growth for the year.