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 -4.91% downside from DE’s last price of $446.65) 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 -4.91% downside from DE's last price of $446.65.
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 | - | - | 17.68% | -0.82% |
| Aug 15, 2024 | Noah Kaye | Oppenheimer | - | - | 21.40% | 0.30% |
| Aug 15, 2024 | Kyle Menges | Citigroup | - | - | 0.26% | -17.16% |
| Aug 15, 2024 | Jamie Cook | Truist Financial | - | - | 24.97% | -1.71% |
| Aug 15, 2024 | Nicole Deblase | Deutsche Bank | - | - | 10.74% | -12.91% |
| Aug 08, 2024 | Joel Jackson | BMO Capital | - | - | 14.57% | -10.44% |
| May 28, 2024 | David Raso | Evercore ISI | - | - | -1.06% | -16.94% |
| May 20, 2024 | Michael Shlisky | D.A. Davidson | - | - | 17.12% | 4.11% |
| May 17, 2024 | Jerry Revich | Goldman Sachs | - | - | 17.53% | 4.33% |
| May 17, 2024 | Stanley Elliott | Stifel Nicolaus | - | - | 14.09% | 0.75% |
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 -0.82% decrease from DE last price ($446.65).
Deere & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 15 |
| Avg Price Target | - | - | $429.13 |
| Last Closing Price | $446.65 | $446.65 | $446.65 |
| Upside/Downside | -100.00% | -100.00% | -3.92% |
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 $446.65. This month's average price target is down NaN% 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 27 | Jul 27 | Apr 27 | Jan 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.19B | - | $15.54B | $17.39B | $12.65B | $15.54B | $14.10B | - | $9.57B | $10.88B | - | - | $9.11B | - | - |
| Avg Forecast | $11.41B | $11.62B | $11.87B | $8.55B | $10.32B | $11.38B | $12.01B | $8.24B | $9.56B | $10.64B | $11.12B | $7.70B | $9.20B | $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 |
| High Forecast | $13.37B | $13.62B | $13.92B | $10.02B | $12.10B | $13.34B | $14.08B | $9.66B | $11.20B | $12.47B | $13.03B | $9.77B | $9.78B | $10.95B | $13.31B | $12.08B | $14.35B | $16.58B | $17.45B | $13.29B | $15.93B | $15.28B | $15.64B | $9.78B | $12.36B | $12.17B | $12.49B | $8.52B | $8.94B | $8.01B |
| Low Forecast | $10.67B | $10.87B | $11.11B | $7.99B | $9.65B | $10.64B | $11.23B | $7.71B | $8.94B | $9.95B | $10.40B | $7.01B | $8.70B | $10.92B | $13.30B | $9.64B | $13.44B | $13.23B | $13.93B | $10.60B | $12.22B | $11.72B | $12.00B | $7.50B | $9.48B | $9.34B | $9.58B | $6.54B | $6.86B | $6.14B |
| # Analysts | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 10 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | - | 1.10% | 1.17% | 1.12% | 1.16% | 1.09% | - | 1.16% | 1.04% | - | - | 1.26% | - | - |
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 27 | Jul 27 | Apr 27 | Jan 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 10 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.54B | - | $4.76B | $4.92B | $3.47B | $3.69B | $3.35B | - | $1.64B | $1.99B | - | - | $2.07B | - | - |
| Avg Forecast | $2.66B | $2.71B | $2.76B | $1.99B | $2.40B | $2.65B | $2.80B | $1.92B | $2.23B | $2.48B | $2.59B | $1.79B | $2.14B | $2.55B | $2.08B | $2.40B | $3.18B | $3.29B | $1.89B | $2.50B | $3.15B | $3.03B | $1.72B | $1.94B | $2.45B | $2.42B | $1.57B | $1.69B | $1.78B | $1.59B |
| High Forecast | $3.11B | $3.17B | $3.24B | $2.33B | $2.82B | $3.11B | $3.28B | $2.25B | $2.61B | $2.90B | $3.03B | $2.27B | $2.28B | $2.55B | $2.50B | $2.81B | $3.34B | $3.86B | $2.27B | $3.00B | $3.74B | $3.59B | $2.07B | $2.30B | $2.90B | $2.86B | $1.88B | $2.00B | $2.10B | $1.88B |
| Low Forecast | $2.48B | $2.53B | $2.59B | $1.86B | $2.25B | $2.48B | $2.62B | $1.80B | $2.08B | $2.32B | $2.42B | $1.63B | $2.03B | $2.54B | $1.67B | $2.24B | $3.13B | $3.08B | $1.52B | $2.00B | $2.87B | $2.75B | $1.38B | $1.76B | $2.23B | $2.19B | $1.25B | $1.53B | $1.61B | $1.44B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.47% | - | 1.45% | 2.60% | 1.39% | 1.17% | 1.10% | - | 0.84% | 0.81% | - | - | 1.22% | - | - |
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 27 | Jul 27 | Apr 27 | Jan 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 10 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.75B | - | $2.98B | $2.86B | $1.96B | $2.25B | $1.88B | - | $901.00M | $1.28B | - | - | $1.22B | - | - |
| Avg Forecast | $2.03B | $2.01B | $1.78B | $1.15B | $1.52B | $1.80B | $1.82B | $1.11B | $1.27B | $1.61B | $1.60B | $898.72M | $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 |
| High Forecast | $2.49B | $2.46B | $2.18B | $1.41B | $1.86B | $2.20B | $2.23B | $1.35B | $1.56B | $1.97B | $1.96B | $1.06B | $1.15B | $1.57B | $1.48B | $1.77B | $2.14B | $2.77B | $1.34B | $1.84B | $2.43B | $2.27B | $1.22B | $772.42M | $1.32B | $1.56B | $1.11B | $741.04M | $529.61M | $431.13M |
| Low Forecast | $1.86B | $1.84B | $1.63B | $1.05B | $1.40B | $1.65B | $1.67B | $1.01B | $1.17B | $1.47B | $1.46B | $757.06M | $871.69M | $1.56B | $985.77M | $1.32B | $1.98B | $2.07B | $896.16M | $1.23B | $1.73B | $1.61B | $814.69M | $548.90M | $937.61M | $1.11B | $740.63M | $526.60M | $376.35M | $306.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | - | 1.32% | 2.55% | 1.28% | 1.15% | 1.03% | - | 1.44% | 1.20% | - | - | 2.04% | - | - |
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 27 | Jul 27 | Apr 27 | Jan 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 10 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.07B | - | $1.11B | $1.33B | $952.00M | $1.19B | $959.00M | - | $781.00M | $987.00M | - | - | $769.00M | - | - |
| Avg Forecast | $920.55M | $937.90M | $958.35M | $689.76M | $832.92M | $918.34M | $969.34M | $665.32M | $771.55M | $858.55M | $897.23M | $621.89M | $742.52M | $882.63M | $774.16M | $831.62M | $1.10B | $1.14B | $703.78M | $1.18B | $1.13B | $1.09B | $639.80M | $696.89M | $880.81M | $867.35M | $581.64M | $607.24M | $636.95M | $570.50M |
| High Forecast | $1.08B | $1.10B | $1.12B | $808.47M | $976.26M | $1.08B | $1.14B | $779.82M | $904.33M | $1.01B | $1.05B | $788.53M | $789.59M | $883.66M | $928.99M | $974.74M | $1.16B | $1.34B | $844.54M | $1.41B | $1.34B | $1.29B | $767.76M | $823.67M | $1.04B | $1.03B | $697.97M | $717.71M | $752.83M | $674.29M |
| Low Forecast | $861.08M | $877.30M | $896.44M | $645.20M | $779.10M | $859.01M | $906.71M | $622.34M | $721.70M | $803.08M | $839.27M | $565.83M | $701.95M | $881.60M | $619.33M | $777.89M | $1.08B | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | - | 0.97% | 1.89% | 0.81% | 1.05% | 0.88% | - | 1.12% | 1.12% | - | - | 1.27% | - | - |
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 27 | Jul 27 | Apr 27 | Jan 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 10 | 10 | 7 | 7 | 6 | 11 | 5 | 8 | 5 | 4 | 9 | 6 | 4 | 5 | 9 | 6 | 5 | 9 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.23 | - | $10.24 | $9.69 | $6.58 | $7.48 | $6.20 | - | $2.93 | $4.15 | - | - | $3.90 | - | - |
| Avg Forecast | $7.37 | $7.28 | $6.47 | $4.17 | $5.53 | $6.52 | $6.60 | $4.01 | $4.62 | $5.83 | $5.80 | $3.26 | $3.87 | $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 |
| High Forecast | $9.02 | $8.91 | $7.92 | $5.10 | $6.76 | $7.98 | $8.08 | $4.91 | $5.65 | $7.13 | $7.10 | $3.85 | $4.19 | $5.69 | $7.94 | $6.41 | $7.78 | $10.05 | $10.51 | $6.78 | $8.82 | $8.22 | $8.28 | $2.80 | $4.79 | $5.64 | $5.59 | $2.69 | $1.92 | $1.56 |
| Low Forecast | $6.75 | $6.67 | $5.93 | $3.82 | $5.06 | $5.97 | $6.05 | $3.68 | $4.23 | $5.34 | $5.31 | $2.75 | $3.16 | $5.67 | $7.89 | $4.80 | $7.18 | $7.53 | $7.87 | $5.08 | $6.27 | $5.84 | $5.88 | $1.99 | $3.40 | $4.01 | $3.97 | $1.91 | $1.37 | $1.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | - | 1.25% | 1.13% | 1.19% | 1.05% | 0.93% | - | 1.29% | 1.07% | - | - | 1.79% | - | - |
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 | - | - | 718.18% | Hold |
| NKLA | Nikola | - | - | 373.76% | Buy |
| CNHI | CNH Industrial NV | - | - | 48.47% | Buy |
| AGCO | AGCO | - | - | 39.69% | Hold |
| WNC | Wabash National | - | - | 20.40% | Hold |
| MTW | Manitowoc Company | - | - | 17.95% | Buy |
| ALG | Alamo Group | - | - | 8.53% | Buy |
| LNN | Lindsay | - | - | 6.21% | Buy |
| TEX | Terex | - | - | 1.12% | Hold |
| OSK | Oshkosh | - | - | -0.37% | Buy |
| DE | Deere & Company | - | - | -4.91% | Buy |
| PCAR | PACCAR | - | - | -17.50% | Buy |
| CAT | Caterpillar | - | - | -27.99% | Buy |