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 5.73% upside from DE’s last price of $401.68) 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 5.73% upside from DE's last price of $401.68.
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%), 13 'Buy' (65.00%), 7 'Hold' (35.00%), 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% | 10.29% |
| Aug 15, 2024 | Noah Kaye | Oppenheimer | $448.00 | $369.04 | 21.40% | 11.53% |
| Aug 15, 2024 | Kyle Menges | Citigroup | $370.00 | $369.04 | 0.26% | -7.89% |
| Aug 15, 2024 | Jamie Cook | Truist Financial | $439.00 | $351.28 | 24.97% | 9.29% |
| Aug 15, 2024 | Nicole Deblase | Deutsche Bank | $389.00 | $351.28 | 10.74% | -3.16% |
| Aug 08, 2024 | Joel Jackson | BMO Capital | $400.00 | $349.14 | 14.57% | -0.42% |
| May 28, 2024 | David Raso | Evercore ISI | $371.00 | $374.96 | -1.06% | -7.64% |
| May 20, 2024 | Michael Shlisky | D.A. Davidson | $465.00 | $397.02 | 17.12% | 15.76% |
| May 17, 2024 | Jerry Revich | Goldman Sachs | $466.00 | $396.48 | 17.53% | 16.01% |
| May 17, 2024 | Stanley Elliott | Stifel Nicolaus | $450.00 | $394.43 | 14.09% | 12.03% |
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 10.29% increase from DE last price ($401.68).
Deere & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 6 | 20 |
| Avg Price Target | - | $414.83 | $425.80 |
| Last Closing Price | $401.68 | $401.68 | $401.68 |
| Upside/Downside | -100.00% | 3.27% | 6.00% |
In the current month, the average price target of Deere & Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Deere & Company's last price of $401.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 09, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 24, 2024 | Barclays | Overweight | Overweight | Hold |
| 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 |
Deere & Company's last stock rating was published by Barclays on Oct 17, 2024. The company gave DE a "Overweight" rating, the same as its previous rate.
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 | $10.13B | $11.36B | $12.05B | $8.94B | $9.23B | $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 | $12.10B | $13.91B | $14.48B | $10.81B | $11.53B | $12.94B | $13.72B | $10.65B | $10.21B | $10.95B | $13.31B | $11.73B | $14.35B | $16.10B | $16.96B | $12.91B | $15.93B | $15.28B | $15.64B | $9.78B | $12.36B | $12.17B | $12.49B | $8.52B | $8.94B | $8.01B | $9.32B | $7.36B | $10.01B | $11.12B |
| Low Forecast | $9.57B | $11.01B | $11.46B | $8.56B | $9.13B | $10.24B | $10.86B | $8.00B | $8.86B | $10.92B | $13.30B | $9.28B | $13.44B | $12.74B | $13.42B | $10.21B | $12.22B | $11.72B | $12.00B | $7.50B | $9.48B | $9.34B | $9.58B | $6.54B | $6.86B | $6.14B | $7.15B | $5.64B | $7.68B | $8.53B |
| # Analysts | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 | 17 | 9 | 12 | 8 |
| 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 $13.30B, and a high forecast of $13.31B. 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 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 | 17 | 9 | 12 | 8 |
| 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 | $2.38B | $2.67B | $2.83B | $2.10B | $2.17B | $2.57B | $2.08B | $2.42B | $3.20B | $3.32B | $1.89B | $2.50B | $3.15B | $3.03B | $1.72B | $1.94B | $2.45B | $2.42B | $1.57B | $1.69B | $1.78B | $1.59B | $1.85B | $1.46B | $1.99B | $2.21B |
| High Forecast | $2.84B | $3.26B | $3.40B | $2.54B | $2.71B | $3.04B | $3.22B | $2.50B | $2.40B | $2.57B | $2.50B | $2.75B | $3.37B | $3.78B | $2.27B | $3.00B | $3.74B | $3.59B | $2.07B | $2.30B | $2.90B | $2.86B | $1.88B | $2.00B | $2.10B | $1.88B | $2.19B | $1.73B | $2.35B | $2.61B |
| Low Forecast | $2.25B | $2.58B | $2.69B | $2.01B | $2.14B | $2.40B | $2.55B | $1.88B | $2.08B | $2.56B | $1.67B | $2.18B | $3.15B | $2.99B | $1.52B | $2.00B | $2.87B | $2.75B | $1.38B | $1.76B | $2.23B | $2.19B | $1.25B | $1.53B | $1.61B | $1.44B | $1.68B | $1.32B | $1.80B | $2.00B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.46% | - | 1.43% | 2.60% | 1.39% | 1.17% | 1.10% | - | 0.84% | 0.81% | - | - | 1.22% | - | - | - | - | - | 0.73% |
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 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 | 17 | 9 | 12 | 8 |
| 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 | $1.34B | $1.72B | $1.86B | $1.18B | $1.07B | $1.56B | $1.23B | $1.44B | $2.06B | $2.26B | $1.12B | $1.53B | $1.96B | $1.83B | $1.02B | $624.68M | $1.07B | $1.26B | $925.78M | $599.30M | $428.31M | $348.67M | $464.44M | $348.96M | $587.23M | $779.29M |
| High Forecast | $1.68B | $2.30B | $2.50B | $1.56B | $1.59B | $2.03B | $2.19B | $1.34B | $1.16B | $1.57B | $1.48B | $1.70B | $2.14B | $2.67B | $1.34B | $1.84B | $2.43B | $2.27B | $1.22B | $772.42M | $1.32B | $1.56B | $1.11B | $741.04M | $529.61M | $431.13M | $574.29M | $431.50M | $726.12M | $963.60M |
| Low Forecast | $1.24B | $1.70B | $1.84B | $1.15B | $1.17B | $1.50B | $1.62B | $970.84M | $874.59M | $1.56B | $985.77M | $1.26B | $1.98B | $1.97B | $896.16M | $1.23B | $1.73B | $1.61B | $814.69M | $548.90M | $937.61M | $1.11B | $740.63M | $526.60M | $376.35M | $306.38M | $408.10M | $306.63M | $516.00M | $684.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.21% | - | 1.32% | 2.55% | 1.28% | 1.15% | 1.03% | - | 1.44% | 1.20% | - | - | 2.04% | - | - | - | - | - | 1.15% |
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 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 | 17 | 9 | 12 | 8 |
| 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 | $852.97M | $956.77M | $1.01B | $752.56M | $777.53M | $920.80M | $774.16M | $867.58M | $1.15B | $1.19B | $703.78M | $1.18B | $1.13B | $1.09B | $639.80M | $696.89M | $880.81M | $867.35M | $581.64M | $607.24M | $636.95M | $570.50M | $664.10M | $524.11M | $712.92M | $792.24M |
| High Forecast | $1.02B | $1.17B | $1.22B | $910.53M | $971.17M | $1.09B | $1.16B | $896.35M | $859.95M | $921.87M | $928.99M | $987.81M | $1.21B | $1.36B | $844.54M | $1.41B | $1.34B | $1.29B | $767.76M | $823.67M | $1.04B | $1.03B | $697.97M | $717.71M | $752.83M | $674.29M | $784.92M | $619.47M | $842.62M | $936.37M |
| Low Forecast | $806.21M | $926.69M | $964.91M | $720.57M | $768.56M | $862.09M | $914.56M | $673.34M | $745.90M | $919.72M | $619.33M | $781.73M | $1.13B | $1.07B | $563.03M | $942.50M | $1.03B | $986.93M | $511.84M | $631.86M | $798.62M | $786.41M | $465.31M | $550.57M | $577.52M | $517.26M | $602.13M | $475.21M | $646.40M | $718.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.23% | - | 0.93% | 1.89% | 0.81% | 1.05% | 0.88% | - | 1.12% | 1.12% | - | - | 1.27% | - | - | - | - | - | 1.13% |
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 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 | 17 | 9 | 12 | 8 |
| 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 | $4.88 | $6.25 | $6.75 | $4.30 | $3.89 | $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 | $6.08 | $8.34 | $9.06 | $5.65 | $5.75 | $7.38 | $7.96 | $4.88 | $4.20 | $5.69 | $7.94 | $6.18 | $7.78 | $9.70 | $10.13 | $6.54 | $8.82 | $8.22 | $8.28 | $2.80 | $4.79 | $5.64 | $5.59 | $2.69 | $1.92 | $1.56 | $2.08 | $1.57 | $2.63 | $3.50 |
| Low Forecast | $4.49 | $6.16 | $6.69 | $4.17 | $4.25 | $5.45 | $5.88 | $3.52 | $3.17 | $5.67 | $7.89 | $4.56 | $7.18 | $7.16 | $7.48 | $4.83 | $6.27 | $5.84 | $5.88 | $1.99 | $3.40 | $4.01 | $3.97 | $1.91 | $1.37 | $1.11 | $1.48 | $1.11 | $1.87 | $2.48 |
| 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 $7.89 and a high estimate of $7.94. 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 |
|---|---|---|---|---|---|
| LEV | Lion Electric Company | $0.59 | $1.80 | 205.08% | Hold |
| NKLA | Nikola | $3.29 | $9.57 | 190.88% | Buy |
| CNHI | CNH Industrial NV | $11.45 | $17.00 | 48.47% | Buy |
| MTW | Manitowoc Company | $8.63 | $12.75 | 47.74% | Buy |
| AGCO | AGCO | $97.87 | $137.79 | 40.79% | Hold |
| WNC | Wabash National | $17.77 | $23.25 | 30.84% | Hold |
| ALG | Alamo Group | $183.27 | $215.00 | 17.31% | Buy |
| LNN | Lindsay | $118.92 | $138.50 | 16.46% | Buy |
| OSK | Oshkosh | $102.93 | $111.40 | 8.23% | Buy |
| TEX | Terex | $51.22 | $54.40 | 6.21% | Hold |
| DE | Deere & Company | $401.68 | $424.70 | 5.73% | Buy |
| PCAR | PACCAR | $104.82 | $92.03 | -12.20% | Hold |
| CAT | Caterpillar | $376.52 | $286.23 | -23.98% | 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 13 'Buy' recommendations, accounting for 65.00% 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 5.73% from its last price of $401.68. 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 5.73% (from the last price of $401.68 to the average price target of $424.7), up by 21.24% based on the highest stock price target, and down by -7.89% 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 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 $42.48B (high $48.84B, low $38.22B), average EBITDA is $9.97B (high $11.46B, low $8.97B), average net income is $6.11B (high $7.16B, low $5.26B), average SG&A $3.58B (high $4.11B, low $3.22B), and average EPS is $22.18 (high $25.98, low $19.1). DE's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $45.06B (high $51.3B, low $40.6B), average EBITDA is $10.57B (high $12.04B, low $9.53B), average net income is $6.8B (high $8.03B, low $5.93B), average SG&A $3.79B (high $4.32B, low $3.42B), and average EPS is $24.69 (high $29.14, low $21.51).
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 $9.85B by 22.65%. The company's net income was $7.13B, beating the average estimation of $5.44B by 31.17%. Apple's SG&A was $3.86B, beating the average forecast of $3.56B by 8.60%. 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%