#1 - Deere & Company (NYSE:DE)
This list of under-the-radar AI stocks starts with one of the bluest of the blue-chip stocks. Deere & Company (NYSE: DE) is an iconic company that is a leader in several industries, including agriculture, construction, and forestry.
Deere is not an under-the-radar stock by any means. However, it’s not immediately clear that investors are pricing in the company’s leadership in AI. The company has a long history of innovation. And in 2023, AI is part of its buying thesis. The company is developing intelligent, connected machines, including self-driving tractors, that are helping farmers improve crop production and lower costs.
If you’re looking for a 10x or even a 2x stock, DE stock is not the one for you. However, if you want exposure to AI without buying an ETF, Deere is a solid choice. The stock is up more than 183% in the last five years. It also pays a reliable dividend with a yield of 1.19% that currently pays $5 per share annually.
About Deere & Company
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.
Read More - Current Price
- $412.57
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $433.28 (5.0% Upside)
