57/100BDeere & Company stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Deere & Company is 731.20, 8.6% above the current price of 673.57. Their targets range from 570.00 to 813.00.
Of the 15 firms that rated Deere & Company in the past 12 months, 10 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 570.00 to 813.00, with an average of 731.20.
| Buy | 10 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 813.00 |
| Average target | 731.20 |
| Lowest target | 570.00 |
| Current price | 673.57 |
Deere & Company price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Deere & Company price target and rating?
How analysts rate Deere & Company, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
10 of 15 firms rate it buy now, against 8 of 16 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Deere & Company analyst upgrades, downgrades and price targets
The latest rating change came on 3 September 2026, when Evercore ISI Group upgraded Deere & Company from In Line to Outperform. The most recent new target came from Evercore ISI on 2 September 2026: 813.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 3 Sept 2026 | Evercore ISI Group | Upgraded · In Line → Outperform | — | — | — |
| 2 Sept 2026 | Evercore ISI | — | 458.00 → 813.00 | +77.5% | 698.37 |
| 31 Aug 2026 | Raymond James Tim Thein | Reiterated · Outperform | 765.00 → 730.00 | -4.6% | 648.34 |
| 31 Aug 2026 | Robert W. Baird Mircea Dobre | — | 640.00 → 800.00 | +25.0% | 630.33 |
| 31 Aug 2026 | Baird | Upgraded · Neutral → Outperform | — | — | — |
| 24 Aug 2026 | Truist Financial | Reiterated · Buy | 812.00 → 804.00 | -1.0% | 657.08 |
| 24 Aug 2026 | D.A. Davidson | — | 585.00 → 760.00 | +29.9% | 655.79 |
| 24 Aug 2026 | Barclays Adam Seiden | Reiterated · Overweight | 675.00 | — | 647.47 |
| 21 Aug 2026 | D.A. Davidson | — | 685.00 → 585.00 | -14.6% | 626.31 |
| 21 Aug 2026 | Robert W. Baird | — | 675.00 → 640.00 | -5.2% | 620.94 |
| 21 Aug 2026 | UBS Steven Fisher | Reiterated · Buy | 775.00 → 728.00 | -6.1% | 620.94 |
| 14 Aug 2026 | Seaport Global | — | 570.00 | — | 610.48 |
| 2 Jul 2026 | Truist Financial Jamie Cook | Reiterated · Buy | 793.00 → 812.00 | +2.4% | 627.63 |
| 27 May 2026 | Oppenheimer Noah Kaye | — | 715.00 → 680.00 | -4.9% | 529.12 |
| 26 May 2026 | RBC Capital | Reiterated · Outperform | 736.00 → 752.00 | +2.2% | 530.32 |
| 22 May 2026 | D.A. Davidson Michael Shlisky | — | 775.00 → 685.00 | -11.6% | 522.86 |
| 8 Apr 2026 | Jefferies | Upgraded · Underperform → Hold | — | — | — |
| 9 Mar 2026 | Industrial Alliance Securities | — | 625.00 | — | 599.48 |
| 23 Feb 2026 | Raymond James | — | 560.00 → 765.00 | +36.6% | 653.69 |
| 23 Feb 2026 | Morgan Stanley | — | 560.00 → 730.00 | +30.4% | 651.44 |
| 23 Feb 2026 | D.A. Davidson Michael Shlisky | — | 580.00 → 775.00 | +33.6% | 648.92 |
| 23 Feb 2026 | Wells Fargo | — | 543.00 → 750.00 | +38.1% | 662.49 |
| 23 Feb 2026 | Jefferies | Downgraded · Hold → Underperform | 475.00 → 550.00 | +15.8% | 662.49 |
| 20 Feb 2026 | RBC Capital | Reiterated · Outperform | 541.00 → 736.00 | +36.0% | 660.02 |
| 20 Feb 2026 | Oppenheimer Kristen Owen | — | 531.00 → 715.00 | +34.7% | 661.82 |
| 20 Feb 2026 | UBS | Reiterated · Buy | 535.00 → 775.00 | +44.9% | 659.94 |
| 20 Feb 2026 | BMO Capital Joel Jackson | — | 460.00 → 500.00 | +8.7% | 657.33 |
| 20 Feb 2026 | Truist Financial Jamie Cook | Reiterated · Buy | 612.00 → 793.00 | +29.6% | 657.04 |
| 20 Feb 2026 | Robert W. Baird | — | 675.00 | — | 662.00 |
| 9 Dec 2025 | BMO Capital Joel Jackson | — | 460.00 | — | 464.92 |
| 9 Dec 2025 | Morgan Stanley | — | 560.00 | — | 468.48 |
| 9 Dec 2025 | Jefferies Stephen Volkmann | Reiterated · Hold | 475.00 | — | 467.31 |
| 1 Dec 2025 | D.A. Davidson Michael Shlisky | — | 580.00 | — | 472.15 |
| 28 Nov 2025 | Oppenheimer | Reiterated · Outperform | 560.00 → 531.00 | -5.2% | 464.59 |
| 28 Nov 2025 | Evercore ISI | Reiterated · In Line | 491.00 → 458.00 | -6.7% | 472.15 |
| 28 Nov 2025 | Truist Financial Jamie Cook | Reiterated · Buy | 609.00 → 612.00 | +0.5% | 469.87 |
| 28 Nov 2025 | RBC Capital Sabahat Khan | Reiterated · Outperform | 541.00 | — | 469.87 |
| 13 Nov 2025 | Wells Fargo | — | 543.00 | — | 473.41 |
Deere & Company EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Deere & Company's EPS to grow 13.7% a year until 2028. Over the last 5 years it grew 16.3% a year, and over the last 3 years it fell 7.4%.
Analysts expect Deere & Company's revenue to grow 2.9% a year until 2028. Over the last 5 years it grew 5.2% a year, and over the last 3 years it fell 4.5%.
Revenue
EPS
Does Deere & Company beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 11.7% off the result, either way, and their revenue estimate 13.7%, over the last 12 quarters.
- EPS beats
- 109 / 135
- Revenue beats
- 90 / 119
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +11.7%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 20 Aug 2026 | 4.69 | 5.10 | +8.7% | 10.81B | 12.61B | +16.6% |
| Q2 FY2026 | 21 May 2026 | 5.70 | 6.55 | +14.9% | 11.55B | 11.78B | +2.0% |
| Q1 FY2026 | 19 Feb 2026 | 2.02 | 2.42 | +19.8% | 7.59B | 8.00B | +5.4% |
| Q4 FY2025 | 26 Nov 2025 | 3.84 | 3.93 | +2.3% | 9.83B | 12.09B | +23.0% |
| Q3 FY2025 | 14 Aug 2025 | 4.57 | 4.75 | +3.9% | 10.35B | 11.78B | +13.8% |
| Q2 FY2025 | 15 May 2025 | 5.56 | 6.64 | +19.4% | 10.79B | 12.53B | +16.1% |
| Q1 FY2025 | 13 Feb 2025 | 3.11 | 3.19 | +2.6% | 7.70B | 8.26B | +7.3% |
| Q4 FY2024 | 21 Nov 2024 | 3.89 | 4.55 | +17.0% | 9.20B | 10.83B | +17.7% |
| Q3 FY2024 | 15 Aug 2024 | 5.63 | 6.29 | +11.7% | 10.94B | 12.85B | +17.5% |
| Q2 FY2024 | 16 May 2024 | 7.86 | 8.53 | +8.5% | 13.31B | 15.00B | +12.7% |
| Q1 FY2024 | 15 Feb 2024 | 5.21 | 6.23 | +19.6% | 10.30B | 11.85B | +15.0% |
| Q4 FY2023 | 22 Nov 2023 | 7.47 | 8.32 | +11.4% | 12.91B | 15.16B | +17.4% |
Deere & Company stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Deere & Company's earnings keep growing at the 13.7% a year analysts expect to FY2028, it would earn about 35.18 a share in FY2030. At the P/E it has traded at over the last five years (10.6 to 37.3) that is 371.80 to 1,313.49 a share, or 729.80 at its average P/E of 20.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 18.08 | 191.04 | 374.99 | 674.90 |
| FY2027 | 22.66 | 239.53 | 470.17 | 846.21 |
| FY2028 | 27.21 | 287.58 | 564.48 | 1,015.96 |
| FY2029 (extrapolated) | 30.94 | 326.99 | 641.84 | 1,155.19 |
| FY2030 (extrapolated) | 35.18 | 371.80 | 729.80 | 1,313.49 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 13.7% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (10.6, 20.7, 37.3).
Is Deere & Company stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Deere & Company's P/E of 37.3 is near the top of its 5-year range (10.2 to 39.3, median 18.6). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay more for each point of growth than usual: a PEG of 2.7 on expected growth against 1.1 on its median P/E and past five years' growth. At the median P/E of its peers (35.5 × EPS of 18.04), Deere & Company's fair value is 640.21; the price, 673.57, is 5.2% above it. Its forward P/E, on the consensus for FY2027, is 29.7.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (25.3 and 60.8). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 37.34
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 18.56
- Five-year P/E range
- 10.2 – 39.3
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 29.72
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.72
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +8.6%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.