Bank of America Raises Deere & Company (NYSE:DE) Price Target to $672.00

Deere & Company (NYSE:DE) had its price target raised by Bank of America from $502.00 to $672.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Bank of America‘s target price indicates a potential upside of 3.24% from the stock’s previous close.

Several other analysts also recently commented on DE. Zacks Research raised shares of Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Daiwa Securities Group decreased their price objective on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating for the company in a report on Tuesday, December 2nd. Oppenheimer increased their target price on Deere & Company from $512.00 to $531.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $530.00.

Deere & Company Price Performance

Shares of NYSE DE opened at $650.94 on Friday. The company has a 50 day simple moving average of $519.01 and a two-hundred day simple moving average of $490.22. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19. The company has a market capitalization of $176.45 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 2.37 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22.

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

Insider Activity

In other news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 64,578 shares of company stock worth $32,471,682 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Deere & Company

Several institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its stake 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 during the period. Schnieders Capital Management LLC. lifted its holdings in Deere & Company by 7.8% in 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. Cullen Frost Bankers Inc. lifted its holdings in Deere & Company by 20.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,385 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 238 shares in the last quarter. Strategic Blueprint LLC boosted its stake in Deere & Company by 32.3% in the 2nd quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 153 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Deere & Company by 0.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 107,955 shares of the industrial products company’s stock valued at $54,894,000 after buying an additional 962 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

More Deere & Company News

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

• Positive Sentiment: Q1 beat — Deere reported EPS of $2.42 and revenue of $9.61B, topping expectations and showing 17.5% y/y equipment sales growth, which sparked the initial rally. Deere soars to all-time high after beat-and-raise Q1 report
• Positive Sentiment: Raised FY guidance — Management lifted FY2026 net income guidance to $4.5B–$5.0B (from prior range), signaling confidence in recovering construction and small‑ag end markets. Deere lifts full-year profit forecast
• Positive Sentiment: Construction rebound — Management said construction earnings more than doubled and order trends are improving, helping offset weakness in large‑agricultural markets. This diversification reduced near‑term cyclical risk. Deere’s stock jumps toward another record
• Positive Sentiment: Strategic moves — Deere is investing in AI-enabled farming and shifting more manufacturing to the U.S., and completed the acquisition of Tenna to expand mixed‑fleet tech — actions investors view as long‑term growth drivers. Deere Doubles Down On AI Farming John Deere Acquires Tenna
• Neutral Sentiment: Market reaction/flows — ETF and institutional flows amplified the move after the beat‑and‑raise; some coverage notes record highs and heavy analyst attention but price targets remain varied. ETF investors cheer as Deere surges
• Negative Sentiment: Profitability headwinds — Q1 net income fell y/y to $656M as tariffs, an unfavorable sales mix and cost pressures weighed on margins; some commentators flagged that profits remain below prior-year levels. Deere Profit Sinks as Tariffs Weigh on Margins
• Negative Sentiment: Mixed near‑term outlook for large‑ag — Management called 2026 the bottom of the farm cycle but large‑ag demand and tariff exposure remain risks that could limit margin recovery if conditions don’t improve. John Deere CEO Calls 2026 The Bottom Of The Farm Slump

Deere & Company Company Profile

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.