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

Deere & Company (NYSE:DE) had its price objective lifted by analysts at Truist Financial from $612.00 to $793.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target would indicate a potential upside of 20.16% from the stock’s current price.

Several other equities research analysts have also weighed in on DE. Zacks Research upgraded Deere & Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Morgan Stanley reissued an “overweight” rating and issued a $560.00 price target on shares of Deere & Company in a research report on Tuesday, December 9th. UBS Group reaffirmed a “buy” rating on shares of Deere & Company in a report on Friday. Wells Fargo & Company lifted their target price on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $586.00.

Deere & Company Stock Down 0.3%

Shares of DE traded down $2.06 during mid-day trading on Friday, hitting $659.95. 479,057 shares of the company’s stock were exchanged, compared to its average volume of 1,680,910. The firm has a fifty day moving average of $519.01 and a two-hundred day moving average of $490.22. Deere & Company has a twelve month low of $404.42 and a twelve month high of $674.19. The stock has a market cap of $178.89 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.37 and a beta of 1.02. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the prior year, the business posted $3.19 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Insider Activity at Deere & Company

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

Institutional Trading of Deere & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DE. Vanguard Group Inc. boosted its holdings in Deere & Company by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock valued at $10,514,053,000 after purchasing an additional 198,332 shares in the last quarter. State Street Corp raised its holdings in shares of Deere & Company by 0.9% in the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock worth $4,898,717,000 after buying an additional 97,049 shares in the last quarter. Capital World Investors lifted its position in shares of Deere & Company by 53.9% during the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after buying an additional 3,358,264 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Deere & Company by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock valued at $3,581,574,000 after buying an additional 158,584 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Deere & Company by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock valued at $2,609,149,000 after acquiring an additional 17,269 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company News Roundup

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

• Positive Sentiment: Q1 earnings and revenue beat — EPS $2.42 vs. ~ $1.90 est.; revenue $9.61B well above estimates, driven by higher equipment volumes. Deere&Company earnings beat by $0.40, revenue topped estimates
• Positive Sentiment: Company raised FY26 net income guidance to $4.5B–$5.0B, citing a rebound in construction and small-ag segments — a key reason shares jumped. Deere lifts full-year profit forecast as construction, sales rebound; shares rise
• Positive Sentiment: Market reaction: stock hit fresh highs and surged double digits after the beat-and-raise, as investors price in a recovery cycle. Deere soars to all-time high after beat-and-raise Q1 report
• Positive Sentiment: Strategic moves: Deere completed the acquisition of Tenna to expand mixed‑fleet tech and is emphasizing AI and U.S. manufacturing shifts — supports long‑term growth narrative. John Deere Acquires Tenna
• Neutral Sentiment: Analyst activity: Bank of America raised its price target to $672 but kept a “neutral” rating, giving limited near‑term upside from current levels. Benzinga note on price target raise
• Negative Sentiment: Profit pressures remain: Q1 net income fell YoY to $656M (mix, tariffs and cost headwinds weighed on margins), highlighting lingering risks in large‑ag markets. Deere Profit Sinks as Tariffs Weigh on Margins
• Negative Sentiment: Management still cites an uneven ag cycle; recovery concentrated in construction/smaller ag — if large‑ag demand stays weak, upside could be limited. Deere expects $4.5B–$5B net income in 2026

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.