Deere & Company (DE) Stock Forecast, Price Target & Predictions
DE Stock Forecast
Deere & Company stock forecast is as follows: an average price target of $424.70 (represents a 7.61% upside from DE’s last price of $394.68) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
DE Price Target
The average price target for Deere & Company (DE) is $424.70 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $487.00 to $370.00. This represents a potential 7.61% upside from DE's last price of $394.68.
DE Analyst Ratings
According to 20 Wall Street analysts, Deere & Company's rating consensus is 'Buy'. The analyst rating breakdown for DE stock is 0 'Strong Buy' (0.00%), 12 'Buy' (60.00%), 8 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Deere & Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 16, 2024 | Jamie Cook | Truist Financial | $443.00 | $376.44 | 17.68% | 12.24% |
| Aug 15, 2024 | Noah Kaye | Oppenheimer | $448.00 | $369.04 | 21.40% | 13.51% |
| Aug 15, 2024 | Kyle Menges | Citigroup | $370.00 | $369.04 | 0.26% | -6.25% |
| Aug 15, 2024 | Jamie Cook | Truist Financial | $439.00 | $351.28 | 24.97% | 11.23% |
| Aug 15, 2024 | Nicole Deblase | Deutsche Bank | $389.00 | $351.28 | 10.74% | -1.44% |
| Aug 08, 2024 | Joel Jackson | BMO Capital | $400.00 | $349.14 | 14.57% | 1.35% |
| May 28, 2024 | David Raso | Evercore ISI | $371.00 | $374.96 | -1.06% | -6.00% |
| May 20, 2024 | Michael Shlisky | D.A. Davidson | $465.00 | $397.02 | 17.12% | 17.82% |
| May 17, 2024 | Jerry Revich | Goldman Sachs | $466.00 | $396.48 | 17.53% | 18.07% |
| May 17, 2024 | Stanley Elliott | Stifel Nicolaus | $450.00 | $394.43 | 14.09% | 14.02% |
The latest Deere & Company stock forecast, released on Aug 16, 2024 by Jamie Cook from Truist Financial, set a price target of $443.00, which represents a 17.68% increase from the stock price at the time of the forecast ($376.44), and a 12.24% increase from DE last price ($394.68).
Deere & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 6 | 20 |
| Avg Price Target | $443.00 | $414.83 | $425.80 |
| Last Closing Price | $394.68 | $394.68 | $394.68 |
| Upside/Downside | 12.24% | 5.11% | 7.88% |
In the current month, the average price target of Deere & Company stock is $443.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.24% increase as opposed to Deere & Company's last price of $394.68. This month's average price target is up 6.79% compared to last quarter, and up 4.04% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 19, 2024 | HSBC | Reduce | Hold | Downgrade |
| Aug 15, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 15, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Aug 15, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 15, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Aug 15, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 14, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jun 26, 2024 | Oppenheimer | Buy | Buy | Hold |
| Jun 26, 2024 | Citigroup | Buy | Neutral | Initialise |
| May 28, 2024 | Evercore ISI | Hold | Hold | Hold |
Deere & Company's last stock rating was published by HSBC on Aug 19, 2024. The company Downgrade its DE rating from "Reduce" to "Hold".
Deere & Company Financial Forecast
Deere & Company Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $12.19B | - | $15.54B | $17.39B | $12.65B | $15.54B | $14.10B | - | $9.57B | $10.88B | - | - | $9.11B | - | - | - | - | - | $10.04B |
| Avg Forecast | $10.63B | $12.21B | $12.72B | $9.50B | $10.12B | $11.56B | $12.27B | $9.05B | $9.24B | $10.94B | $13.31B | $10.30B | $13.66B | $14.14B | $14.89B | $11.34B | $13.44B | $12.93B | $13.23B | $8.28B | $10.46B | $10.30B | $10.56B | $7.21B | $7.56B | $6.78B | $7.89B | $6.22B | $8.47B | $9.41B |
| High Forecast | $12.30B | $14.14B | $14.73B | $11.00B | $11.71B | $13.39B | $14.21B | $10.78B | $10.09B | $12.66B | $15.41B | $11.93B | $14.35B | $16.38B | $17.24B | $13.13B | $15.57B | $13.71B | $14.03B | $8.67B | $10.95B | $10.79B | $11.06B | $7.55B | $7.92B | $7.09B | $8.26B | $6.52B | $8.87B | $9.85B |
| Low Forecast | $9.74B | $11.20B | $11.66B | $8.71B | $9.27B | $10.60B | $11.25B | $8.10B | $8.75B | $10.03B | $12.20B | $9.45B | $13.44B | $12.97B | $13.65B | $10.39B | $12.32B | $12.47B | $12.88B | $8.03B | $10.15B | $9.99B | $10.25B | $7.00B | $7.34B | $6.57B | $7.65B | $6.04B | $8.21B | $9.13B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.18% | - | 1.10% | 1.17% | 1.12% | 1.16% | 1.09% | - | 1.16% | 1.04% | - | - | 1.26% | - | - | - | - | - | 1.07% |
Deere & Company's average Quarter revenue forecast for Apr 24 based on 7 analysts is $13.31B, with a low forecast of $12.20B, and a high forecast of $15.41B. DE's average Quarter revenue forecast represents a 9.20% increase compared to the company's last Quarter revenue of $12.19B (Jan 24).
Deere & Company EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $3.54B | - | $4.76B | $4.92B | $3.47B | $3.69B | $3.35B | - | $1.64B | $1.99B | - | - | $2.07B | - | - | - | - | - | $1.62B |
| Avg Forecast | $2.49B | $2.87B | $2.98B | $2.23B | $2.37B | $2.71B | $2.88B | $2.12B | $2.17B | $2.57B | $2.08B | $2.42B | $3.20B | $3.32B | $1.89B | $2.66B | $2.40B | $3.03B | $3.10B | $1.98B | $2.18B | $2.11B | $1.57B | $1.69B | $1.78B | $1.59B | $1.85B | $1.46B | $2.13B | $2.41B |
| High Forecast | $2.89B | $3.32B | $3.46B | $2.58B | $2.75B | $3.14B | $3.33B | $2.53B | $2.37B | $2.97B | $2.50B | $2.80B | $3.37B | $3.84B | $2.27B | $3.08B | $2.88B | $3.22B | $3.29B | $2.37B | $2.61B | $2.53B | $1.88B | $1.77B | $1.86B | $1.66B | $1.94B | $1.53B | $2.55B | $2.89B |
| Low Forecast | $2.29B | $2.63B | $2.74B | $2.04B | $2.18B | $2.49B | $2.64B | $1.90B | $2.05B | $2.35B | $1.67B | $2.22B | $3.15B | $3.04B | $1.52B | $2.44B | $1.92B | $2.93B | $3.02B | $1.58B | $1.74B | $1.69B | $1.25B | $1.64B | $1.72B | $1.54B | $1.80B | $1.42B | $1.70B | $1.93B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.46% | - | 1.43% | 2.60% | 1.30% | 1.54% | 1.10% | - | 0.83% | 0.91% | - | - | 1.22% | - | - | - | - | - | 0.67% |
7 analysts predict DE's average Quarter EBITDA for Apr 24 to be $2.08B, with a high of $2.50B and a low of $1.67B. This is -41.08% lower than Deere & Company's previous annual EBITDA (Jan 24) of $3.54B.
Deere & Company Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $1.75B | - | $2.98B | $2.86B | $1.96B | $2.25B | $1.88B | - | $901.00M | $1.28B | - | - | $1.22B | - | - | - | - | - | $899.00M |
| Avg Forecast | $1.42B | $1.95B | $2.12B | $1.32B | $1.35B | $1.74B | $1.90B | $1.19B | $1.09B | $1.56B | $1.23B | $1.44B | $2.06B | $2.26B | $1.12B | $1.53B | $1.49B | $1.85B | $1.88B | $1.21B | $1.36B | $1.33B | $925.78M | $611.26M | $436.86M | $355.63M | $473.71M | $355.93M | $943.16M | $1.17B |
| High Forecast | $1.71B | $2.35B | $2.55B | $1.59B | $1.63B | $2.09B | $2.29B | $1.39B | $1.30B | $1.89B | $1.48B | $1.74B | $2.14B | $2.73B | $1.34B | $1.84B | $1.79B | $1.99B | $2.03B | $1.45B | $1.63B | $1.60B | $1.11B | $648.68M | $463.60M | $377.40M | $502.72M | $377.72M | $1.13B | $1.40B |
| Low Forecast | $1.27B | $1.74B | $1.89B | $1.18B | $1.21B | $1.55B | $1.69B | $975.16M | $849.53M | $1.39B | $985.77M | $1.29B | $1.98B | $2.02B | $896.16M | $1.36B | $1.20B | $1.76B | $1.82B | $968.50M | $1.09B | $1.06B | $740.63M | $587.62M | $419.97M | $341.88M | $455.40M | $342.17M | $754.53M | $933.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.21% | - | 1.32% | 2.55% | 1.28% | 1.50% | 1.02% | - | 0.74% | 0.94% | - | - | 2.00% | - | - | - | - | - | 0.77% |
Deere & Company's average Quarter net income forecast for Apr 24 is $1.23B, with a range of $985.77M to $1.48B. DE's average Quarter net income forecast represents a -29.63% decrease compared to the company's last Quarter net income of $1.75B (Jan 24).
Deere & Company SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $1.07B | - | $1.11B | $1.33B | $952.00M | $1.19B | $959.00M | - | $781.00M | $987.00M | - | - | $769.00M | - | - | - | - | - | $896.00M |
| Avg Forecast | $894.76M | $1.03B | $1.07B | $799.71M | $851.80M | $973.40M | $1.03B | $762.08M | $777.93M | $920.80M | $774.16M | $867.58M | $1.15B | $1.19B | $703.78M | $954.58M | $754.09M | $1.09B | $1.11B | $931.32M | $685.54M | $622.94M | $581.64M | $607.24M | $636.95M | $570.50M | $664.10M | $524.11M | $940.01M | $973.06M |
| High Forecast | $1.04B | $1.19B | $1.24B | $925.97M | $986.29M | $1.13B | $1.20B | $907.70M | $849.47M | $1.07B | $928.99M | $1.00B | $1.21B | $1.38B | $844.54M | $1.11B | $904.91M | $1.15B | $1.18B | $1.12B | $822.64M | $747.53M | $697.97M | $635.84M | $666.95M | $597.37M | $695.38M | $548.80M | $1.13B | $1.17B |
| Low Forecast | $820.30M | $942.88M | $981.77M | $733.17M | $780.92M | $892.40M | $947.44M | $681.86M | $736.81M | $844.18M | $619.33M | $795.39M | $1.13B | $1.09B | $563.03M | $875.15M | $603.27M | $1.05B | $1.08B | $745.06M | $548.43M | $498.35M | $465.31M | $589.18M | $618.01M | $553.53M | $644.35M | $508.52M | $752.01M | $778.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.23% | - | 0.93% | 1.89% | 1.00% | 1.58% | 0.88% | - | 0.84% | 1.44% | - | - | 1.27% | - | - | - | - | - | 0.92% |
Deere & Company's average Quarter SG&A projection for Apr 24 is $774.16M, based on 7 Wall Street analysts, with a range of $619.33M to $928.99M. The forecast indicates a -27.38% fall compared to DE last annual SG&A of $1.07B (Jan 24).
Deere & Company EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $6.23 | - | $10.24 | $9.69 | $6.58 | $7.48 | $6.20 | - | $2.93 | $4.15 | - | - | $3.90 | - | - | - | - | - | $2.84 |
| Avg Forecast | $5.15 | $7.07 | $7.68 | $4.79 | $4.91 | $6.31 | $6.89 | $4.33 | $3.95 | $5.68 | $7.91 | $5.24 | $7.46 | $8.22 | $8.59 | $5.54 | $7.11 | $6.65 | $6.69 | $2.27 | $3.87 | $4.56 | $4.52 | $2.17 | $1.55 | $1.27 | $1.69 | $1.27 | $2.13 | $2.83 |
| High Forecast | $6.21 | $8.52 | $9.25 | $5.77 | $5.92 | $7.60 | $8.30 | $5.06 | $4.72 | $6.84 | $9.54 | $6.31 | $7.78 | $9.90 | $10.35 | $6.68 | $8.57 | $7.17 | $7.22 | $2.41 | $4.11 | $4.84 | $4.80 | $2.31 | $1.65 | $1.34 | $1.79 | $1.34 | $2.26 | $3.00 |
| Low Forecast | $4.60 | $6.31 | $6.85 | $4.27 | $4.38 | $5.62 | $6.14 | $3.54 | $3.08 | $5.06 | $7.06 | $4.67 | $7.18 | $7.33 | $7.66 | $4.94 | $6.34 | $6.34 | $6.46 | $2.18 | $3.72 | $4.39 | $4.35 | $2.09 | $1.49 | $1.22 | $1.62 | $1.22 | $2.05 | $2.72 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.19% | - | 1.25% | 1.13% | 1.19% | 1.05% | 0.93% | - | 1.29% | 1.07% | - | - | 1.79% | - | - | - | - | - | 1.00% |
According to 7 Wall Street analysts, Deere & Company's projected average Quarter EPS for Apr 24 is $7.91, with a low estimate of $7.06 and a high estimate of $9.54. This represents a 27.00% increase compared to DE previous annual EPS of $6.23 (Jan 24).
Deere & Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| IDEX | Ideanomics | $0.20 | $1.00 | 400.00% | Hold |
| LEV | Lion Electric Company | $0.75 | $1.80 | 140.00% | Hold |
| NKLA | Nikola | $5.40 | $9.57 | 77.22% | Buy |
| AGCO | AGCO | $90.93 | $139.00 | 52.86% | Buy |
| CNHI | CNH Industrial NV | $11.45 | $17.00 | 48.47% | Buy |
| MTW | Manitowoc Company | $9.68 | $12.75 | 31.71% | Buy |
| WNC | Wabash National | $19.33 | $23.25 | 20.28% | Hold |
| ALG | Alamo Group | $178.84 | $215.00 | 20.22% | Buy |
| LNN | Lindsay | $120.41 | $138.50 | 15.02% | Buy |
| OSK | Oshkosh | $100.37 | $111.40 | 10.99% | Buy |
| DE | Deere & Company | $394.68 | $424.70 | 7.61% | Buy |
| TEX | Terex | $51.42 | $54.90 | 6.77% | Hold |
| PCAR | PACCAR | $95.12 | $85.32 | -10.30% | Buy |
| CAT | Caterpillar | $345.31 | $277.27 | -19.70% | Buy |
DE Forecast FAQ
Is Deere & Company a good buy?
Yes, according to 20 Wall Street analysts, Deere & Company (DE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 60.00% of DE's total ratings.
What is DE's price target?
Deere & Company (DE) average price target is $424.7 with a range of $370 to $487, implying a 7.61% from its last price of $394.68. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Deere & Company stock go up soon?
According to Wall Street analysts' prediction for DE stock, the company can go up by 7.61% (from the last price of $394.68 to the average price target of $424.7), up by 23.39% based on the highest stock price target, and down by -6.25% based on the lowest stock price target.
Can Deere & Company stock reach $600?
DE's average twelve months analyst stock price target of $424.7 does not support the claim that Deere & Company can reach $600 in the near future.
What is Deere & Company's current price target trend?
1 Wall Street analyst forecast a $443 price target for Deere & Company (DE) this month, up 12.24% from its last price of $394.68. Compared to the last 3 and 12 months, the average price target increased by 5.11% and increased by 7.88%, respectively.
What are Deere & Company's analysts' financial forecasts?
Deere & Company's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $43B (high $50.09B, low $39.22B), average EBITDA is $10.09B (high $11.75B, low $9.2B), average net income is $6.18B (high $7.41B, low $5.43B), average SG&A $3.62B (high $4.22B, low $3.3B), and average EPS is $22.44 (high $26.88, low $19.69). DE's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $45.06B (high $52.17B, low $41.31B), average EBITDA is $10.57B (high $12.24B, low $9.69B), average net income is $6.8B (high $8.2B, low $6.07B), average SG&A $3.79B (high $4.39B, low $3.48B), and average EPS is $24.69 (high $29.76, low $22.02).
Did the DE's actual financial results beat the analysts' financial forecasts?
Based on Deere & Company's last annual report (Oct 2022), the company's revenue was $52.58B, beating the average analysts forecast of $47.88B by 9.82%. Apple's EBITDA was $12.08B, beating the average prediction of $10.51B by 14.96%. The company's net income was $7.13B, beating the average estimation of $6.44B by 10.81%. Apple's SG&A was $3.86B, missing the average forecast of $3.89B by -0.64%. Lastly, the company's EPS was $23.42, beating the average prediction of $22.72 by 3.07%. In terms of the last quarterly report (Jan 2024), Deere & Company's revenue was $12.18B, beating the average analysts' forecast of $10.3B by 18.26%. The company's EBITDA was $3.54B, beating the average prediction of $2.42B by 46.29%. Deere & Company's net income was $1.75B, beating the average estimation of $1.44B by 21.35%. The company's SG&A was $1.07B, beating the average forecast of $867.58M by 22.87%. Lastly, the company's EPS was $6.23, beating the average prediction of $5.24 by 18.99%