Deere (DE)'s Precision Agriculture is Quite a Story, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed & Continued To Talk About AI & Enterprise Software.  Deere & Company (NYSE:DE) is one of the stocks Jim Cramer discussed.

Deere & Company (NYSE:DE) is one of the largest construction and agricultural equipment providers in the world. Its shares are up by 32% over the past year and by 38% year-to-date. The firm reported its fiscal first-quarter earnings results on February 13th. The results saw Deere & Company (NYSE:DE)’s net income sit at $656 million while its revenue clocked in at $9.61 billion. For its fiscal year 2026 results, the firm also expects to incur a $1.2 billion hit from tariffs. Investment bank Jefferies was out with a pessimistic take for Deere & Company (NYSE:DE) on February 23rd. It downgraded the shares to Hold from Underperform and set a $550 share price target. Jefferies commented that while Deere & Company (NYSE:DE) was a top name in the machinery sector, its valuation accounted for a market recovery. However, unlike Jefferies, Morgan Stanley raised the share price target. It bumped the target price to $730 from $560 and kept an Overweight rating on the shares based on long-term tailwinds. Cramer’s previous remarks about Deere & Company (NYSE:DE) have called it a “high-quality” company. In this appearance, he discussed the firm’s agriculture equipment business:

“Well, when you give, ag, precision ag numbers, which is the notion of basically AI, and you marry that with the story the other day about how farmer’s kids don’t want to be farmers, the only way you could control this much, is with precision ag. It’s really quite a story.

“It used to be just about, just looking at the farmer receipts. Now it’s about precision ag. . .it’s a joystick and you can control ten. . .”

While we acknowledge the potential of DE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.