One stock on Josh Brown's list is a 'double AI beneficiary' that just climbed to all-time highs
This name made Josh Brown's Best Stocks list in May 2025.
TL;DR
- Deere & Co. is identified as a 'double AI beneficiary' stock, benefiting from infrastructure buildouts and its own advanced AI deployment.
- The company's autonomous tractors and 'See & Spray' computer-vision system, which cuts herbicide costs by over 50%, are key AI innovations.
- Deere's fiscal Q3 earnings reported 5% net sales growth to $12.6 billion and a 7% increase in net income to $1.4 billion.
- Management raised fiscal 2026 net income guidance and increased equipment operations cash flow forecasts.
- Analysts have upgraded Deere's stock, citing an agricultural inflection and a positive outlook, with price targets reaching $800.
- The stock has shown strong upward momentum, breaking through previous highs, with key technical support levels identified at the 50-day ($616) and 200-day ($566) moving averages.