Deere & Company (DE)
NYSE: DE · IEX Real-Time Price · USD
393.33
-0.73 (-0.19%)
At close: Apr 26, 2024, 4:00 PM
393.01
-0.32 (-0.08%)
After-hours: Apr 26, 2024, 7:41 PM EDT
Deere & Company Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Deere & Company stock have an average target of 434.94, with a low estimate of 367 and a high estimate of 517. The average target predicts an increase of 10.58% from the current stock price of 393.33.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 5 | 5 | 6 | 6 | 5 | 5 |
| Hold | 8 | 8 | 9 | 9 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 20 | 20 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $415 → $425 | Hold | Maintains | $415 → $425 | +8.05% | Apr 12, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $494 | Strong Buy | Initiates | $494 | +25.59% | Mar 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $381 → $387 | Hold | Maintains | $381 → $387 | -1.61% | Feb 20, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $425 → $401 | Hold | Maintains | $425 → $401 | +1.95% | Feb 16, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $445 → $425 | Buy | Maintains | $445 → $425 | +8.05% | Feb 16, 2024 |
Financial Forecast
Revenue This Year
49.68B
from 61.25B
Decreased by -18.89%
Revenue Next Year
49.84B
from 49.68B
Increased by 0.32%
EPS This Year
28.07
from 34.63
Decreased by -18.93%
EPS Next Year
28.44
from 28.07
Increased by 1.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 56.9B | 57.2B | 59.3B |
| Avg | 49.7B | 49.8B | 50.7B |
| Low | 46.0B | 42.7B | 43.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -7.2% | 15.1% | 18.9% |
| Avg | -18.9% | 0.3% | 1.7% |
| Low | -25.0% | -14.1% | -12.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.64 | 32.55 | 37.01 | 33.06 | 33.88 |
| Avg | 28.07 | 28.44 | 30.22 | 32.43 | 33.24 |
| Low | 24.89 | 21.92 | 24.50 | 30.86 | 31.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -14.4% | 15.9% | 30.1% | 9.4% | 4.5% |
| Avg | -18.9% | 1.3% | 6.3% | 7.3% | 2.5% |
| Low | -28.1% | -21.9% | -13.9% | 2.1% | -2.5% |
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.