Deere & Company (DE)
NYSE: DE · IEX Real-Time Price · USD
364.95
+3.96 (1.10%)
At close: Jul 2, 2024, 4:00 PM
364.94
-0.01 (0.00%)
After-hours: Jul 2, 2024, 7:58 PM EDT
Deere & Company Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Deere & Company stock have an average target of 424.35, with a low estimate of 375 and a high estimate of 486. The average target predicts an increase of 16.28% from the current stock price of 364.95.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for DE stock from 18 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 6 | 5 | 5 | 6 | 5 | 5 |
| Hold | 9 | 9 | 9 | 9 | 8 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20 | 19 | 19 | 20 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Strong Buy Maintains $460 → $439 | Strong Buy | Maintains | $460 → $439 | +20.29% | Jul 2, 2024 |
| Raymond James | Raymond James | Buy Initiates $420 | Buy | Initiates | $420 | +15.08% | Jun 28, 2024 |
| Citigroup | Citigroup | Hold Initiates $395 | Hold | Initiates | $395 | +8.23% | Jun 26, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $483 → $465 | Strong Buy | Maintains | $483 → $465 | +27.41% | May 20, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $383 → $390 | Hold | Maintains | $383 → $390 | +6.86% | May 17, 2024 |
Financial Forecast
Revenue This Year
46.93B
from 61.25B
Decreased by -23.38%
Revenue Next Year
46.55B
from 46.93B
Decreased by -0.81%
EPS This Year
26.16
from 34.63
Decreased by -24.46%
EPS Next Year
26.16
from 26.16
Increased by 0.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 49.7B | 50.6B | 54.6B |
| Avg | 46.9B | 46.5B | 48.3B |
| Low | 43.4B | 40.8B | 39.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -18.8% | 7.8% | 17.4% |
| Avg | -23.4% | -0.8% | 3.8% |
| Low | -29.2% | -13.1% | -15.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.61 | 29.92 | 36.33 | 31.00 | 32.14 |
| Avg | 26.16 | 26.16 | 29.07 | 30.41 | 31.53 |
| Low | 22.33 | 21.65 | 22.08 | 28.93 | 30.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -17.4% | 14.4% | 38.9% | 6.6% | 5.7% |
| Avg | -24.5% | 0.0% | 11.1% | 4.6% | 3.7% |
| Low | -35.5% | -17.2% | -15.6% | -0.5% | -1.3% |
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.