Free Trial

Deere & Company (DE) Stock Forecast & Price Target

$365.33
+3.73 (+1.03%)
(As of 07/12/2024 ET)

Deere & Company - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$427.13
16.92% Upside
High Forecast$551.00
Average Forecast$427.13
Low Forecast$375.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
13 Buy rating(s)
Hold
10 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$427.13$433.36$433.28$457.10
Forecasted Upside16.92% Upside12.12% Upside13.05% Upside14.28% Upside
Get Deere & Company Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for DE and its competitors with MarketBeat's FREE daily newsletter.

DE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

DE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Deere & Company Stock vs. The Competition

TypeDeere & CompanyIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.50
2.54
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside16.92% Upside41.14% Upside9.17% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$385.00 ➝ $375.00+3.70%
7/2/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$460.00 ➝ $439.00+21.68%
6/28/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOutperform$420.00+11.49%
6/26/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
T. Thein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageStrong-Buy ➝ Neutral$395.00+6.91%
5/20/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$483.00 ➝ $465.00+18.29%
5/17/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$425.00 ➝ $450.00+14.09%
5/17/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$383.00 ➝ $390.00-1.12%
5/16/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperform ➝ Outperform$456.00 ➝ $456.00+14.46%
5/15/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$430.00 ➝ $450.00+8.65%
5/15/2024Daiwa Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$400.00 ➝ $420.00+1.41%
2/20/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetIn-Line ➝ In-Line$381.00 ➝ $387.00+8.34%
2/16/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHold ➝ Hold$425.00 ➝ $401.00+10.90%
2/16/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOverweight ➝ Overweight$445.00 ➝ $425.00+17.37%
1/8/2024Melius Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Hold
11/27/2023Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHold ➝ Hold$400.00 ➝ $375.00+3.36%
10/11/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$455.00 ➝ $422.50+8.10%
9/15/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$486.00+18.05%
8/21/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperform ➝ Outperform$560.00 ➝ $551.00+38.78%
8/21/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$383.00 ➝ $408.00+2.77%
6/5/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$450.00 ➝ $425.00+16.22%
5/22/2023Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$512.00 ➝ $445.00+22.40%
5/15/2023Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$398.00 ➝ $367.00-1.87%
2/21/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$475.00 ➝ $485.00+11.93%
11/28/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$420.00 ➝ $462.00+4.84%
7/15/2022Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$450.00 ➝ $400.00+35.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:52 AM ET.

DE Forecast - Frequently Asked Questions

What is Deere & Company's forecast for 2024?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Deere & Company is $427.13, with a high forecast of $551.00 and a low forecast of $375.00.

Should I buy or sell Deere & Company stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 10 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DE shares.

Does Deere & Company's stock price have much upside?

According to analysts, Deere & Company's stock has a predicted upside of 11.28% based on their 12-month stock forecasts.

What analysts cover Deere & Company?

Deere & Company has been rated by research analysts at Citigroup, DA Davidson, Daiwa Capital Markets, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Raymond James, Stifel Nicolaus, TD Cowen, and Truist Financial in the past 90 days.

Do Wall Street analysts like Deere & Company more than its competitors?

Analysts like Deere & Company less than other "industrial products" companies. The consensus rating score for Deere & Company is 2.50 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how DE compares to other companies.


This page (NYSE:DE) was last updated on 7/14/2024 by MarketBeat.com Staff

From Our Partners