DE Price Prediction Next Week
Technical Analysis
Recent price action shows DE stock has been in a downtrend, falling from $489.98 on Feb 21 to $360.62 on Feb 23, representing a significant 26.4% decline. The stock has formed consecutive lower highs and lower lows, indicating strong bearish momentum.
Fundamental Analysis DE reported disappointing Q1 2025 earnings on Feb 13:
- Net income dropped 50% YoY to $869 million ($3.19 per share)
- Revenue decreased 30% to $8.51 billion
- All core equipment segments saw major declines:
- Production & Precision Agriculture: -37% sales, -68% operating profit
- Small Agriculture & Turf: -28% sales, -62% operating profit
- Construction & Forestry: -38% sales, -89% operating profit
Forward Guidance Management provided cautious outlook for FY2025:
- Production & Precision Agriculture sales: -15% to -20%
- Small Agriculture & Turf sales: -10%
- Construction & Forestry sales: -10% to -15%
- Net income guidance: $5.0-5.5 billion
Price Prediction for Next Week Based on technical analysis and weak fundamentals:
- Support level: $350
- Resistance level: $375
- Expected trading range: $355-370
Recommendation: SELL
- Current bearish momentum likely to continue given poor earnings and guidance
- High probability of testing $350 support level
- Suggest selling at current levels ($360.62) with stop loss at $375
- Target price: $350 within next week
The stock shows significant downside risk due to:
- Deteriorating fundamentals across all segments
- Bearish technical indicators
- Negative market sentiment following earnings miss
DE Similar Chart Price Prediction
The price of DE is predicted to go up -7.39%, based on the high correlation periods with AIZ. The similarity of these two price pattern on the periods is 97.64%.
DE
AIZ
Down: -7.39%Similarity: 97.64%
DE Revenue Forecast
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DE VS S&P500
Higher crop prices encourage farmers to grow more crops and will lead to more farming equipment purchases, substantially boosting Deere's revenue growth.
Deere will benefit from strong replacement demand, as uncertainty around trade, weather, and agriculture commodity demand has eased, encouraging farmers to refresh their machine fleet.
Increased infrastructure spending in the US and emerging markets will lead to more construction equipment purchases, benefiting Deere.
DE Analyst's Forecast
Kyle Menges
Citigroup
Hold
2025-02-14
Price Target
$430 → $480
Downside
-0.05%
Citi raised the firm's price target on Deere to $480 from $430 and keeps a Neutral rating on the shares following the fiscal Q1 report. The firm cites higher estimates and a slightly higher multiple for the target bump, reflecting its belief that 2025 will likely be trough earnings for Deere this cycle.
Tami Zakaria
JP Morgan
Hold
2025-02-10
Price Target
$470 → $500
Upside
+6.39%
Tami Zakaria
JP Morgan
Hold
2025-01-15
Price Target
$450 → $470
Upside
+9.59%
