Truist Financial Forecasts Strong Price Appreciation for Deere & Company (NYSE:DE) Stock

Deere & Company (NYSE:DE) had its price target lifted by equities researchers at Truist Financial from $612.00 to $793.00 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 19.65% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada upped their price objective on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research note on Friday. Zacks Research upgraded Deere & Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. BMO Capital Markets increased their price objective on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday. Daiwa Securities Group cut their price objective on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 2nd. Finally, DA Davidson upped their target price on Deere & Company from $580.00 to $775.00 and gave the company a “buy” rating in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.20.

Deere & Company Stock Performance

NYSE:DE opened at $662.74 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.01 and a current ratio of 2.21. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19. The firm has a market cap of $179.65 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. The business has a 50 day moving average price of $522.56 and a 200-day moving average price of $491.15.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $3.19 EPS. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Insider Activity at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. This represents a 36.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,578 shares of company stock worth $32,471,682 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in Deere & Company by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 150 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Deere & Company by 20.7% in the second quarter. Cullen Frost Bankers Inc. now owns 1,385 shares of the industrial products company’s stock worth $704,000 after acquiring an additional 238 shares in the last quarter. Strategic Blueprint LLC grew its stake in shares of Deere & Company by 32.3% in the second quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 153 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Deere & Company by 0.9% during the second quarter. Asset Management One Co. Ltd. now owns 107,955 shares of the industrial products company’s stock valued at $54,894,000 after acquiring an additional 962 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Deere & Company

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)

Deere & Company Company Profile

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.