#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 & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
Read More - Current Price
- $432.17
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $441.72 (2.2% Upside)
