Deere & Company (DE) Stock Forecast & Price Target

$432.49 +5.86 (+1.37%)

(As of 12/20/2024 05:31 PM ET)

Deere & Company - Analysts' Recommendations and Stock Price Forecast (2025)

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 22 Analyst Ratings

Sell
0

Hold
13

Buy
9

Based on 22 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 22 analysts, 13 have given a hold rating, and 9 have given a buy rating for DE.

Consensus Price Target

$443.94
2.65% Upside

According to the 22 analysts' twelve-month price targets for Deere & Company, the average price target is $443.94. The highest price target for DE is $550.00, while the lowest price target for DE is $378.00. The average price target represents a forecasted upside of 2.65% from the current price of $432.49.

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DE Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	11 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	13 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$443.94	$420.69	$409.88	$443.83
Forecasted Upside	2.65% Upside	-3.57% Downside	0.98% Upside	11.85% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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	2.41	2.60	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	2.65% Upside	47.16% Upside	14.52% Upside
News Sentiment Rating	Neutral News See Recent DE 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
12/19/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$538.00 ➝ $550.00	+28.83%
12/9/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$460.00 ➝ $470.00	+4.32%
12/6/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold	$510.00 ➝ $510.00	+13.80%
11/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$401.00 ➝ $450.00	+0.40%
11/22/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$404.00 ➝ $462.00	+3.44%
11/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$420.00 ➝ $450.00	+3.38%
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11/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$400.00 ➝ $475.00	+8.87%
11/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$448.00 ➝ $477.00	+9.33%
8/19/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/19/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		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	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$400.00 ➝ $410.00	+9.79%
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%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:35 PM ET.

Should I Buy Deere & Company Stock? DE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Deere & Company pros and cons to contact@marketbeat.com.

Deere & Company
Bull Case

Here are some ways that investors could benefit from investing in Deere & Company:

Deere & Company recently reported earnings per share (EPS) of $4.55, significantly exceeding analysts' expectations of $3.89, indicating strong financial performance.
The company has increased its quarterly dividend to $1.62, reflecting a commitment to returning value to shareholders. This represents an annualized dividend of $6.48, providing a yield of approximately 1.45%.
With a current stock price of $448.17, Deere & Company is positioned well within its 52-week range, which shows resilience in the market despite recent fluctuations.
Analysts have a consensus target price of $436.41, suggesting potential upside for investors based on current valuations.
Deere & Company operates in diverse segments, including Production and Precision Agriculture and Construction and Forestry, which can help mitigate risks associated with market volatility in any single sector.

Deere & Company
Bear Case

Investors should be bearish about investing in Deere & Company for these reasons:

The company's revenue has decreased by 32.8% year-over-year, which raises concerns about its growth trajectory and market demand for its products.
Despite a strong EPS report, the overall market sentiment has been cautious, with several analysts maintaining a "hold" rating, indicating uncertainty about future performance.
Deere & Company has a relatively high debt-to-equity ratio of 1.89, which may pose risks in terms of financial stability and flexibility, especially in a rising interest rate environment.
Recent target price adjustments by analysts, including a reduction from Deutsche Bank, suggest that there may be challenges ahead that could impact stock performance.
The stock has experienced a decline of 1.8% recently, which may indicate bearish sentiment among investors and could lead to further price volatility.

DE Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Deere & Company is $443.94, with a high forecast of $550.00 and a low forecast of $378.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 13 hold ratings and 9 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.
: According to analysts, Deere & Company's stock has a predicted upside of 2.65% based on their 12-month stock forecasts.
: Over the previous 90 days, Deere & Company's stock had 1 downgrade by analysts.
: Deere & Company has been rated by research analysts at Barclays, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Truist Financial, and UBS Group in the past 90 days.
: 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.

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This page (NYSE:DE) was last updated on 12/21/2024 by MarketBeat.com Staff

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Deere & Company (DE) Stock Forecast & Price Target