Deere & Company (NYSE:DE) Price Target Raised to $775.00 at DA Davidson

Posted by Trevor Kearing on Feb 21st, 2026

Deere & Company (NYSE:DE – Free Report) had its price target hoisted by DA Davidson from $580.00 to $775.00 in a research note released on Friday,MarketScreener reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Wells Fargo & Company raised 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. Daiwa Securities Group cut their price target on shares of Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a report on Tuesday, December 2nd. Bank of America upped their price target on shares of Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Truist Financial raised their price objective on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $607.20.

Read Our Latest Stock Analysis on DE

Deere & Company Stock Performance

DE opened at $662.74 on Friday. The firm has a market cap of $179.65 billion, a PE ratio of 37.36, a P/E/G ratio of 2.64 and a beta of 1.02. The company has a quick ratio of 2.01, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $522.56 and a 200-day simple moving average of $491.27. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19.

Deere & Company (NYSE:DE – Get Free Report) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. Deere & Company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, December 31st. Deere & Company’s dividend payout ratio is currently 36.53%.

Insiders Place Their Bets

In other news, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at $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 have sold a total of 64,578 shares of company stock valued at $32,471,682 in the last three months. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Deere & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in DE. Norges Bank acquired a new position in Deere & Company in the fourth quarter worth approximately $1,715,633,000. Capital World Investors grew its position in Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after purchasing an additional 1,721,239 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Deere & Company by 573.9% in the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock valued at $428,597,000 after purchasing an additional 717,808 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company News Summary

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

Positive Sentiment: Q1 beat and raised FY guidance — Deere reported Q1 revenue of $9.61B and EPS of $2.42 (above estimates) and raised fiscal‑2026 net‑income guidance to $4.5B–$5.0B, which traders interpreted as confirmation that order trends and construction demand are improving. Deere Lifts Full-Year Profit Forecast as Construction, Sales Rebound (Reuters)
Positive Sentiment: Large analyst price‑target upgrades — several firms jumped their targets after the beat-and-raise (notable moves: Truist to $793, DA Davidson to $775, Wells Fargo to $750, RBC to $736, BofA to $672), supporting further upside expectations. Wall Street Goes Wild For Deere: The Real Reason Analysts Are Hiking Price Forecasts (Benzinga)
Positive Sentiment: Construction recovery, product strategy and M&A — management says 2026 may be the bottom of the farm cycle and highlighted strength in construction and small‑ag; Deere completed the Tenna acquisition and is pushing AI/connected‑equipment initiatives, which boost long‑term growth narrative. John Deere Completes Acquisition of Tenna (ForConstructionPros)
Neutral Sentiment: Some analysts remain cautious despite higher targets — a few shops raised targets but kept market‑perform/neutral ratings (e.g., Sanford Bernstein, BMO), signaling mixed conviction beneath the bullish headlines. Bernstein Adjusts Price Target on Deere to $615 from $521; Maintains Market Perform (MarketScreener)
Negative Sentiment: Profit and margin headwinds remain — net income fell year‑over‑year (to ~$656M) as tariffs and an unfavorable sales mix pressured margins; that keeps some earnings risk if tariffs or costs persist. Deere Profit Sinks as Tariffs Weigh on Margins (WSJ)

About Deere & Company

(Get Free Report)

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.