Oppenheimer Cuts AGCO Price Target to $123
Key Points
- Oppenheimer maintained an Outperform rating on AGCO Corporation on October 22, 2026, while moving its price target down from $127.00 to $123.00.
- Oppenheimer's $123 price target implies 16.73% upside from AGCO Corporation's ($AGCO) current $105.37 share price.
- Institutional shareholders recently adjusted positions, with Massachusetts Financial Services Co. growing its stake to 2,999,252 shares valued at about $316.0 million.
- AGCO trades with a trailing P/E ratio of 14.6 and offers an annual dividend rate of $1.20 per share ahead of its upcoming October 29 earnings release.
Get AGCO text alerts
We text you when insiders, Congress, analysts or big funds move on $AGCO.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated AGCO Corporation alert may contain errors. Disclosures
On October 22, 2026, Oppenheimer maintained its Outperform rating on AGCO Corporation while adjusting its price target down to $123.00 from $127.00.
AGCO
AGCO Corporation
Oppenheimer vs. the S&P 500
Hypothetical returns from Oppenheimer's disclosed trades, not real profit or advice. How we model this.
Oppenheimer's Call on AGCO Corporation
In its research note issued on October 22, 2026, the firm reaffirmed its Outperform rating for the agricultural machinery manufacturer. Alongside that stance, the analyst adjusted the price target from $127.00 to $123.00. The stock closed that trading day at $105.36.
Other Institutional Activity in AGCO Corporation
Massachusetts Financial Services Co. grew its holdings by 136,004 shares, ending with 2,999,252 shares worth about $316.0 million as of June 30, 2026. Davis Selected Advisers reduced its holdings by 28,170 shares, ending with 2,058,488 shares valued at roughly $216.9 million.
AGCO Corporation Stock Up 0.1%
AGCO recently traded at $105.37, remaining close to its event-day close of $105.36 on October 22, 2026. The shares sit below both their 50-day moving average of $113.27 and their 200-day moving average of $116.51. The stock has traded between a 52-week low of $98.22 and a 52-week high of $143.78.
$AGCO price target
AGCO Corporation daily closes and this analyst's $123 target. Not advice.
Recent Earnings
For the trailing twelve months, AGCO generated $10.3 billion in revenue and reported earnings of $7.23 per share. The company posted a net profit margin of 5.2% and an 11.8% return on equity. Investors look toward the company's next earnings update scheduled for October 29, 2026.
Dividend
AGCO distributes an annual dividend rate of $1.20 per share, delivering a dividend yield of 1.14%. That payout represents 16.2% of the company's earnings.
Insider Buying and Selling at AGCO Corporation
Director Bob De Lange bought 1,000 shares on August 14, 2026, at an average price of $100.71 for a total value of $100,710. Chief Executive Officer Eric P. Hansotia sold 2,604 shares on September 4, 2026, at an average price of $129.75, totaling $337,869. Officer Kelvin Eugene Bennett sold 1,000 shares on September 4, 2026, at an average price of $132.89, totaling $132,890. Officer Ivory Marie Harris sold 1,600 shares on September 15, 2026, at an average price of $125.30, totaling $200,480.
Analysts Set New Price Targets
Truist Securities maintained a Buy rating on October 5, 2026, lifting its price target from $135.00 to $146.00. JP Morgan maintained an Overweight rating on October 8, 2026, raising its target from $123.00 to $140.00. DA Davidson maintained a Buy rating on October 8, 2026, keeping its target at $151.00. Barclays maintained an Underweight rating on October 19, 2026, lowering its target from $105.00 to $97.00. Across the broader Wall Street analyst community, AGCO holds a consensus buy rating backed by a mean price target of $125.07 from 15 tracked opinions.
About AGCO Corporation
Headquartered in Duluth, Georgia, AGCO Corporation designs, manufactures, and distributes agricultural equipment and replacement parts around the world. Its product lineup includes high-horsepower tractors for row crop production, utility tractors for mid-sized farms and livestock operations, and compact machinery for specialized agricultural and residential needs. The company serves farmers and agricultural operators through a global network of independent dealers and distributors.
Bottom Line
Oppenheimer's revised price target reflects ongoing adjustments among covering analysts as the machinery manufacturer approaches its late-October earnings report. Market participants will watch the upcoming October 29 financial release for fresh details on equipment demand and margin trends.
Related Filing Alerts
Source: Oppenheimer's rating change on $AGCO (Oct 22, 2026). Written by software, not financial advice. How we make alerts