Deere (DE) is poised for earnings-per-share inflection to growth in fiscal Q1 of 2026, Oppenheimer said in a note Friday.
The firm said it remains on the high end of the 2026 consensus estimate because it expects "greater market conviction" that year.
But Oppenheimer added that caution for recovery in 2026 is warranted with corn hovering below $4 per bushel.
"That said, DE noted an uptick in recent quoting activity as subsidies may spark tax-motivated buying post-harvest," the firm said.
Oppenheimer raised its price target on the company to $566 from $560 and maintained its outperform rating.
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