Deere & Company (DE) Stock Forecast & Price Target

$381.56

-2.13 (-0.56%)

(As of 09/6/2024 ET)

Deere & Company - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 21 Analyst Ratings

Based on 21 Wall Street analysts who have issued ratings for Deere & Company in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 13 have given a hold rating, and 8 have given a buy rating for DE.

Consensus Price Target

$414.11
8.53% Upside

High Forecast	$486.00
Average Forecast	$414.11
Low Forecast	$360.00

According to the 21 analysts' twelve-month price targets for Deere & Company, the average price target is $414.11. The highest price target for DE is $486.00, while the lowest price target for DE is $360.00. The average price target represents a forecasted upside of 8.53% from the current price of $381.56.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)
Hold	13 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$414.11	$426.08	$433.36	$458.53
Forecasted Upside	8.53% Upside	11.56% Upside	12.12% Upside	12.71% Upside

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DE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Deere & Company Stock vs. The Competition

Type	Deere & Company	Industrial Products Companies	S&P 500
Consensus Rating Score	2.38	2.54	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.53% Upside	50.66% Upside	11.35% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/26/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$450.00 ➝ $425.00	+10.89%
8/19/2024	Hsbc Global Res 0 of 5 stars	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/19/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$371.00 ➝ $378.00	-0.37%
8/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$439.00 ➝ $443.00	+17.77%
8/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$400.00 ➝ $410.00	+9.79%
Get the Latest News and Ratings for DE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Deere & Company and its competitors with MarketBeat's FREE daily newsletter.
8/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$395.00 ➝ $370.00	-1.93%
8/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$375.00 ➝ $360.00	+4.34%
8/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Jackson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$400.00	+14.57%
8/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$402.00 ➝ $389.00	+11.46%
7/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$465.00 ➝ $448.00	+19.10%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$420.00	+11.49%
5/20/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$483.00 ➝ $465.00	+18.29%
5/17/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$425.00 ➝ $450.00	+14.09%
5/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$383.00 ➝ $390.00	-1.12%
5/15/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$400.00 ➝ $420.00	+1.41%
2/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$445.00 ➝ $425.00	+17.37%
1/8/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
11/27/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$400.00 ➝ $375.00	+3.36%
8/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$560.00 ➝ $551.00	+38.78%
8/21/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$383.00 ➝ $408.00	+2.77%
5/22/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$512.00 ➝ $445.00	+22.40%
5/15/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$398.00 ➝ $367.00	-1.87%
2/21/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$475.00 ➝ $485.00	+11.93%
11/28/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$420.00 ➝ $462.00	+4.84%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:04 PM ET.

DE Forecast - Frequently Asked Questions

What is Deere & Company's forecast for 2024?: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Deere & Company is $414.11, with a high forecast of $486.00 and a low forecast of $360.00.
Should I buy or sell Deere & Company stock right now?: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DE, but not buy additional shares or sell existing shares.
Does Deere & Company's stock price have much upside?: According to analysts, Deere & Company's stock has a predicted upside of 9.80% based on their 12-month stock forecasts.
Has Deere & Company been downgraded by Wall Street analysts recently?: Over the previous 90 days, Deere & Company's stock had 2 downgrades by analysts.
What analysts cover Deere & Company?: Deere & Company has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Raymond James, and Truist Financial in the past 90 days.
Do Wall Street analysts like Deere & Company more than its competitors?: Analysts like Deere & Company less than other "industrial products" companies. The consensus rating for Deere & Company is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how DE compares to other companies.