Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTHoward Smith, The Motley FoolSat, September 5, 2026 at 4:55 PM GMT+2 3 min readDeere & Co. (NYSE: DE) stock had a strong week, hitting a record high above $700 per share. Shares have jumped 10% since last Friday's close, according to data provided by S&P Global Market Intelligence.After a strong fiscal third-quarter report on Aug. 20, Deere boosted the low end of its full-year net income guidance by $250 million. One analyst thinks that signals the start of a recovery cycle in agricultural equipment sales, and thinks Deere stock is still a buy near its record high.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Image source: Getty Images.Investors noticed when Deere CEO John May helped make the case for agriculture and construction stocks, stating, "As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle."That would be welcome as companies like Deere & Co. navigate a dynamic tariff and tariff refund environment. Tariff rates have changed, and refunds have been distributed in some cases, making it difficult to set pricing and plan capital spending. But Deere is confident, citing its diversified product groups, advanced technology offerings, and what May called "stable U.S. market conditions."Baird analyst Mircea Dobre thinks that makes it a good time to buy Deere, even as it hit a record high this week. Dobre anticipates that the impending recovery cycle in the agricultural equipment sector will boost Deere stock to $800 per share.That represents a possible 15% upside from where Deere shares ended the week.Before you buy stock in Deere & Company, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Deere & Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $421,997!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,413,876!*Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info