Deere & Company (DE) Stock Forecast & Price Target

$408.73

+3.59 (+0.89%)

(As of 10/18/2024 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 20 Analyst Ratings

Sell
0

Hold
12

Buy
8

Based on 20 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 20 analysts, 12 have given a hold rating, and 8 have given a buy rating for DE.

Consensus Price Target

$420.69
2.93% Upside

According to the 20 analysts' twelve-month price targets for Deere & Company, the average price target is $420.69. The highest price target for DE is $496.00, while the lowest price target for DE is $375.00. The average price target represents a forecasted upside of 2.93% from the current price of $408.73.

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DE Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
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)	8 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	10 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	$420.69	$409.88	$426.71	$447.93
Forecasted Upside	2.93% Upside	0.98% Upside	12.46% Upside	19.40% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	Industrials Companies	S&P 500
Consensus Rating Score	2.40	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	2.93% Upside	409.12% Upside	6.19% Upside
News Sentiment Rating	Neutral News See Recent DE News	Neutral 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
10/11/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$360.00 ➝ $420.00	+3.49%
10/9/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$395.00 ➝ $420.00	+3.58%
10/9/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$443.00 ➝ $496.00	+22.17%
8/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$450.00 ➝ $425.00	+10.89%
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
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.
8/19/2024	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%
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 Sunday at 05:59 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 Monday, October 7, 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's stock price has been showing positive momentum, currently trading near its 1-year high of $417.46.
Strong quarterly earnings performance, with Deere & Company beating analysts' EPS estimates by $0.66 in the latest report.
Diversified business segments including Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services, providing stability and growth opportunities.
Consistent dividend payouts, with a current annualized dividend of $5.88 and a yield of 1.43%, indicating a commitment to rewarding shareholders.
Positive analyst ratings and target prices, with several analysts issuing "buy" or "outperform" ratings on Deere & Company, reflecting confidence in the company's future performance.

Deere & Company
Bear Case

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

Market volatility and economic uncertainties could impact Deere & Company's performance, especially in the face of global trade tensions and macroeconomic challenges.
Dependence on the cyclical nature of the agriculture and construction industries, which may lead to fluctuations in revenue and profitability during downturns.
Deere & Company's debt-to-equity ratio of 1.85 may pose risks in a high-interest rate environment, affecting the company's financial flexibility and cost of capital.
Potential impact of regulatory changes and environmental policies on Deere & Company's operations, particularly in the areas of emissions standards and sustainability practices.
Competition from other industry players and technological advancements could pressure Deere & Company's market share and margins, requiring continuous innovation and investment.

DE Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Deere & Company is $420.69, with a high forecast of $496.00 and a low forecast of $375.00.
: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 12 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 2.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Deere & Company's stock had 2 downgrades by analysts.
: 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, and Truist Financial in the past 90 days.
: Analysts like Deere & Company less than other "industrials" companies. The consensus rating for Deere & Company is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how DE compares to other companies.