Deere & Company Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Deere & Company stock have an average target of 444.78, with a low estimate of 378 and a high estimate of 550. The average target predicts an increase of 3.42% from the current stock price of 430.06.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$378	$444.78	$450	$550
Change	-12.11%	+3.42%	+4.64%	+27.89%

Analyst Ratings

The average analyst rating for DE stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	5	5	5	4	4	4
Buy	5	4	4	4	5	5
Hold	8	9	9	9	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	18	18	18	17	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $538 → $550	Strong Buy	Maintains	$538 → $550	+27.89%	Dec 19, 2024
Kyle Menges Citigroup	Citigroup	Hold Maintains $460 → $470	Hold	Maintains	$460 → $470	+9.29%	Dec 9, 2024
Stephen Volkmann Jefferies	Jefferies	Strong Buy → Hold Downgrades $510	Strong Buy → Hold	Downgrades	$510	+18.59%	Dec 6, 2024
Angel Castillo Morgan Stanley	Morgan Stanley	Buy Maintains $401 → $450	Buy	Maintains	$401 → $450	+4.64%	Nov 25, 2024
Steven Fisher UBS	UBS	Hold Maintains $404 → $462	Hold	Maintains	$404 → $462	+7.43%	Nov 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

40.12B

from 51.53B

-22.15%

from 51.53B

Revenue Next Year

42.53B

from 40.12B

6.01%

from 40.12B

EPS This Year

20.13

from 25.62

-21.42%

from 25.62

EPS Next Year

23.28

from 20.13

15.64%

from 20.13

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Nov 1, 2020	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 27, 2025	Oct 27, 2026	Oct 27, 2027
Revenue	35.51B	43.98B	52.56B	61.22B	51.53B	40.12B	42.53B	44.98B
Revenue Growth	-9.48%	23.85%	19.51%	16.47%	-15.83%	-22.15%	6.01%	5.75%
EPS	8.69	18.99	23.28	34.63	25.62	20.13	23.28	24.18
EPS Growth	-14.38%	118.53%	22.59%	48.75%	-26.02%	-21.42%	15.64%	3.88%
Forward PE	-	-	-	-	-	21.36	18.47	17.78
No. Analysts	-	-	-	-	-	28	25	14

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	41.2B	45.2B	49.0B
Avg	40.1B	42.5B	45.0B
Low	37.8B	38.2B	40.0B

Revenue Growth

Revenue Growth	2025	2026	2027
High	-20.0%	12.6%	15.2%
Avg	-22.1%	6.0%	5.8%
Low	-26.6%	-4.8%	-6.1%

EPS Forecast

EPS	2025	2026	2027
High	24.83	28.62	29.21
Avg	20.13	23.28	24.18
Low	18.08	19.36	10.92

EPS Growth

EPS Growth	2025	2026	2027
High	-3.1%	42.1%	25.5%
Avg	-21.4%	15.6%	3.9%
Low	-29.4%	-3.8%	-53.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.