Bank of America Forecasts Strong Price Appreciation for Deere & Company (NYSE:DE) Stock

Deere & Company (NYSE:DE) had its target price hoisted by equities researchers at Bank of America from $502.00 to $672.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Bank of America‘s target price would suggest a potential upside of 1.40% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $560.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. JPMorgan Chase & Co. dropped their target price on Deere & Company from $480.00 to $460.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a report on Monday, December 1st. Oppenheimer raised their price objective on shares of Deere & Company from $512.00 to $531.00 and gave the company an “outperform” rating in a report on Friday, November 28th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $460.00 target price on shares of Deere & Company in a research report on Tuesday, December 9th. Fifteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $607.20.

Deere & Company Trading Up 0.1%

DE opened at $662.74 on Friday. The company has a market cap of $179.65 billion, a P/E ratio of 37.36, a PEG ratio of 2.64 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.01 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average is $522.56 and its 200-day moving average is $491.15. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 EPS. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deere & Company news, CEO John C. May II sold 41,472 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,578 shares of company stock worth $32,471,682 in the last ninety days. Insiders own 0.29% of the company’s stock.

Institutional Trading of Deere & Company

Hedge funds and other institutional investors have recently bought and sold shares of the business. Catalyst Investment Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at about $455,000. Cambient Family Office LLC bought a new position in Deere & Company in the 4th quarter valued at about $7,427,000. White Knight Strategic Wealth Advisors LLC bought a new position in Deere & Company in the 4th quarter valued at about $356,000. Mcguire Capital Advisors Inc. acquired a new position in Deere & Company during the 4th quarter valued at about $52,000. Finally, Compound Planning Inc. increased its holdings in Deere & Company by 7.1% during the 4th quarter. Compound Planning Inc. now owns 4,017 shares of the industrial products company’s stock worth $1,870,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Q1 beat and raised FY guidance — Deere reported Q1 revenue of $9.61B and EPS of $2.42 (above estimates) and raised fiscal‑2026 net‑income guidance to $4.5B–$5.0B, which traders interpreted as confirmation that order trends and construction demand are improving. Deere Lifts Full-Year Profit Forecast as Construction, Sales Rebound (Reuters)
• Positive Sentiment: Large analyst price‑target upgrades — several firms jumped their targets after the beat-and-raise (notable moves: Truist to $793, DA Davidson to $775, Wells Fargo to $750, RBC to $736, BofA to $672), supporting further upside expectations. Wall Street Goes Wild For Deere: The Real Reason Analysts Are Hiking Price Forecasts (Benzinga)
• Positive Sentiment: Construction recovery, product strategy and M&A — management says 2026 may be the bottom of the farm cycle and highlighted strength in construction and small‑ag; Deere completed the Tenna acquisition and is pushing AI/connected‑equipment initiatives, which boost long‑term growth narrative. John Deere Completes Acquisition of Tenna (ForConstructionPros)
• Neutral Sentiment: Some analysts remain cautious despite higher targets — a few shops raised targets but kept market‑perform/neutral ratings (e.g., Sanford Bernstein, BMO), signaling mixed conviction beneath the bullish headlines. Bernstein Adjusts Price Target on Deere to $615 from $521; Maintains Market Perform (MarketScreener)
• Negative Sentiment: Profit and margin headwinds remain — net income fell year‑over‑year (to ~$656M) as tariffs and an unfavorable sales mix pressured margins; that keeps some earnings risk if tariffs or costs persist. Deere Profit Sinks as Tariffs Weigh on Margins (WSJ)

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.