Deere's Financial Performance: Deere & Company reported fourth-quarter revenue of $12.39 billion and net income of $1.07 billion, while providing a cautious fiscal 2026 guidance of net income between $4.00 billion and $4.75 billion due to challenges in the large agriculture sector.
Investment Considerations: Investors need to assess Deere's ability to navigate industry cycles and leverage precision agriculture technologies, as ongoing margin pressures and soft demand for large ag equipment pose short-term risks.
Long-term Outlook: Deere anticipates $45.1 billion in revenue and $8.6 billion in earnings by 2028, indicating a slight annual revenue decline but an increase in earnings, suggesting potential growth in small agriculture, turf, and construction segments.
Valuation Insights: Fair value estimates for Deere's stock range from $430 to $624.87 per share, with a current fair value of $525.78 indicating a 13% upside, highlighting the importance of understanding market dynamics and cost pressures in shaping investment decisions.
Wall Street analysts forecast DE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 511.31 USD with a low forecast of 440.00 USD and a high forecast of 609.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast DE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 511.31 USD with a low forecast of 440.00 USD and a high forecast of 609.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 500.800
Low
440.00
Averages
511.31
High
609.00
Current: 500.800
Low
440.00
Averages
511.31
High
609.00
Jefferies
Stephen Volkmann
Hold
maintain
$440 -> $475
2025-12-09
Reason
Jefferies
Stephen Volkmann
Price Target
$440 -> $475
2025-12-09
maintain
Hold
Reason
Jefferies analyst Stephen Volkmann raised the firm's price target on Deere to $475 from $440 and keeps a Hold rating on the shares after management outlined a "sharpened 2030 framework" with "no major surprises" at the company's analyst day meeting. Deere targets 10% sales CAGR and 20% cycle average margins in 2030, notes the analyst, who sees shares already pricing in about $50 per share in EPS in 2030 at a price of $466. This suggests upside from here requires a cycle turn, the analyst added.
Morgan Stanley
Overweight
maintain
$500 -> $560
2025-12-09
Reason
Morgan Stanley
Price Target
$500 -> $560
2025-12-09
maintain
Overweight
Reason
Morgan Stanley raised the firm's price target on Deere to $560 from $500 and keeps an Overweight rating on the shares after the company outlined "an attractive long-term earnings path" during its investor day meeting. Deere issued 2030 targets of 10% equipment operating sales compound annual growth to about $63B with better than expected top-line growth despite a more gradual Precision Ag ramp, says the analyst, who adds that the event "raises our conviction" in the long-term attractiveness of Deere shares.
UBS
Steven Fisher
Buy
maintain
$535
2025-11-28
Reason
UBS
Steven Fisher
Price Target
$535
2025-11-28
maintain
Buy
Reason
UBS analyst Steven Fisher reiterates a Buy rating and $535 price target on Deere shares following Q4 results and an outlook that were "directionally consistent with our expectations and establish 2026 as the ag bottom." Although the initial FY26 earnings guidance midpoint is slightly lower than the firm had modeled, UBS thinks the miss mainly reflects a weak Q1 in North America and it has more confidence in 2026 as the earnings bottom and in the 2027 recovery following the report, the analyst tells investors.
RBC Capital
Outperform
maintain
$542 -> $541
2025-11-28
Reason
RBC Capital
Price Target
$542 -> $541
2025-11-28
maintain
Outperform
Reason
RBC Capital lowered the firm's price target on Deere to $541 from $542 and keeps an Outperform rating on the shares. The company reported solid Q4 results and introduced F26 guidance, with net income that was below consensus but reflected about $1.2B of pre-tax tariff impact, the analyst tells investors in a research note. RBC adds that its views Deere's solid inventory progress and growth in Equipment Operations positively.
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
