M&A News: Deere (DE) Acquires Sentera
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Interestingly, Sentera's cameras work with most popular drone platforms and allow farmers to quickly capture detailed images across large fields. These images are processed using Sentera's FieldAgent software to identify issues like weed presence or plant stress. In addition, one key feature known as SMARTSCRIPT Weeds creates customized herbicide prescriptions that can be sent directly to sprayers, therefore reducing waste by targeting only the areas that need treatment.
The same technology can also be used to analyze stand counts, disease, and pest pressure. This acquisition supports Deere's goal of helping farmers be more efficient with their operations. Moreover, Sentera CEO Brian Wenngatz called the partnership a strong match that will help bring trusted, scalable tools to more farmers and deliver greater value from their data.
Is DE Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on DE stock based on eight Buys, eight Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average DE price target of $535.14 per share implies 4.7% upside potential.
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