Deere & Company (NYSE:DE) Price Target Raised to $640.00 at Robert W. Baird

Deere & Company (NYSE:DE) had its price target hoisted by analysts at Robert W. Baird from $525.00 to $640.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 2.50% from the stock’s current price.

A number of other brokerages have also weighed in on DE. Oppenheimer reissued an “outperform” rating on shares of Deere & Company in a report on Thursday. Raymond James Financial dropped their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research report on Friday, August 14th. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research report on Monday, June 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $590.00 to $570.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $647.73.

Deere & Company Stock Performance

Deere & Company stock opened at $624.38 on Friday. The stock has a 50-day simple moving average of $605.47 and a 200 day simple moving average of $590.34. The stock has a market capitalization of $168.55 billion, a price-to-earnings ratio of 35.38, a P/E/G ratio of 2.46 and a beta of 0.90. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deere & Company

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Deere & Company by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares in the last quarter. Jump Financial LLC acquired a new stake in Deere & Company during the 2nd quarter worth approximately $2,153,000. NewEdge Advisors LLC raised its holdings in Deere & Company by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock worth $9,538,000 after buying an additional 1,067 shares during the period. Finally, Main Street Financial Solutions LLC lifted its stake in Deere & Company by 6.7% in the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock valued at $789,000 after buying an additional 97 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Deere reported fiscal Q3 earnings of $5.10 per share, above analyst estimates near $4.70–$4.79, while revenue rose roughly 5% year over year to $12.61 billion, substantially exceeding consensus expectations. Deere Reports Third Quarter Net Income of $1.379 Billion
• Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion–$5.00 billion from a prior range of $4.5 billion–$5.0 billion, signaling greater confidence in execution and near-term demand. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf businesses outperformed, offsetting weakness in Production & Precision Agriculture. Demand linked to data centers, energy infrastructure and broader construction activity is providing Deere with a new source of growth as the agricultural cycle remains soft. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Positive Sentiment: CFO Brent Norwood said construction tailwinds and artificial-intelligence-related infrastructure spending are boosting sales, reinforcing the market’s view that Deere is benefiting from more than traditional farm-equipment demand. We’re Riding Construction’s Tailwinds, Deere CFO Says
• Neutral Sentiment: Management suggested the current agricultural-equipment downturn may be approaching a bottom, but a more meaningful farm recovery could be delayed until 2027. Early order trends and used-equipment inventories are improving, though the recovery remains cyclical. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Agricultural demand remains pressured, with weakness in major production-farming markets, while tariffs, regional sales pressure and the possibility of a delayed farm recovery remain risks to future growth and margins.

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.