Deere & Co. stock edges higher as Evercore ISI lifts price target after Q3 beat
Published on 09/14/2026 at 20:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deere & Co. stock (ISIN US24419L1061) is trading at around USD 681.64 on the New York Stock Exchange on September 14, 2026, close to its recent 52-week high and extending a strong year-to-date rally driven by solid quarterly figures. As of September 14, 2026, the shares are up roughly mid-single-digit percent intraday compared with the latest closing level, underpinned by robust earnings and a fresh analyst upgrade.
Q3 FY2026 results support the rally
According to MarketBeat, Deere & Company reported revenue of USD 12.61 billion in its third quarter of fiscal year 2026, which ended in August 2026, with earnings per share of USD 5.10, beating the consensus estimate of USD 4.69 by USD 0.41. In the same period a year earlier, Deere's revenue grew by 6.2 percent year-on-year, demonstrating that the company is still expanding despite a softer backdrop in agriculture equipment demand. The Q3 FY2026 trading update also highlighted that construction equipment growth offset weakness in the agriculture segment, which helps explain why the stock reacted positively to the numbers.
MarketBeat notes that Deere stock jumped more than 9 percent after the Q3 FY2026 beat, reflecting how strongly investors responded to the better-than-expected earnings and revenue performance in August 2026. Since the beginning of calendar year 2026, the shares have gained 45.2 percent from USD 465.73 on January 1, 2026 to USD 676.25 at the close on September 11, 2026, underscoring the scale of the rerating on the back of improved profitability and resilient demand in key segments, according to MarketBeat.
Analysts lift earnings forecasts and targets
The earnings momentum is feeding directly into analyst expectations. According to MarketBeat on September 14, 2026, Erste Group Bank has increased its fiscal 2027 EPS estimates for Deere & Company, reflecting higher expected profitability in coming years and supporting the valuation case for the stock. The same overview shows that Deere carries a trailing price-to-earnings ratio of 37.57 and a forward P/E of 37.32, indicating that the market is willing to pay a premium multiple for the earnings stream, as summarized by MarketBeat.
On the target side, as Yahoo Finance reports, Evercore ISI Group upgraded Deere to Outperform on September 3, 2026 and raised its price target from USD 632 to USD 813. Compared with the current price level of around USD 681.64 on September 14, 2026, this new target implies potential upside of around 19.3 percent if the shares were to reach the Evercore ISI objective. The same Yahoo Finance analyst overview indicates that the average target across covering analysts stands at USD 688.44, only slightly above the current price, with a high target of USD 813.18 and a low of USD 500, highlighting that Evercore ISI is now one of the more optimistic voices on the stock.
Stock performance and market metrics
Per the detailed stock overview at MarketBeat, Deere & Company shares closed at USD 676.25 on the NYSE on September 11, 2026, down USD 1.69 or 0.25 percent on the day, with an extended trading indication of USD 676.41 as of 7:52 p.m. Eastern time. The same source shows that Deere's net income over the last twelve months is USD 5.03 billion, corresponding to a net margin of 10.16 percent and a return on equity of 18.10 percent, while the debt-to-equity ratio stands at 1.45. These figures underline that the group combines solid profitability with a leveraged but manageable balance sheet profile.
Yahoo Finance lists a real-time price of USD 681.64 for Deere & Company as of 10:40:26 a.m. Eastern time on September 14, 2026, with the shares up USD 5.90 or 0.87 percent intraday on the NYSE. The same quote snapshot indicates a current market capitalization in the tens of billions of dollars and a 52-week range that places the latest price close to the upper end, although the exact high and low are not detailed in the short extract. For investors, the combination of a nearly half-year price gain of 45.2 percent since January 1, 2026 and the fresh Evercore ISI upgrade means the stock is trading with both strong momentum and visible support from parts of the analyst community, as can be seen from the consensus Strong Buy recommendation shown in the Yahoo Finance overview.
Risks around agriculture demand and valuation
The Q3 FY2026 report makes clear that not all of Deere's end markets are equally strong. MarketBeat points out that the agriculture segment was weaker in the quarter, with growth in construction equipment offsetting the softness. For shareholders, this split is important because agriculture has historically been a core profit driver; a prolonged downturn in farm incomes or commodity prices could weigh on demand for new machinery even as construction and infrastructure-related activity supports other divisions. At the same time, the current forward P/E of roughly 37, derived from the MarketBeat valuation metrics, is well above the long-term average for industrial stocks, which increases the sensitivity of the share price to any disappointment relative to expectations.
Another risk factor is that consensus targets are more modest than the most optimistic calls. With the average analyst target of USD 688.44 only fractionally above the latest quote near USD 681.64 as reported by Yahoo Finance, there is less room for multiple expansion if earnings growth slows. Investors therefore need to watch whether the FY2027 EPS upgrades highlighted by Erste Group Bank continue and whether margins in agriculture stabilize; if not, the present premium valuation could become more difficult to justify based on fundamentals alone.
Deere & Co. stock price as of the latest session
Deere & Co. stock most recently closed at USD 676.25 on the New York Stock Exchange on September 11, 2026, before firming to around USD 681.64 in real-time trading on September 14, 2026, according to the latest NYSE data snapshots. This places the shares only a few percent below the upper end of their 52-week range and roughly 19 percent under the Evercore ISI price target of USD 813, so the market is already pricing in a significant part of the earnings strength but still leaves upside if the company delivers on the elevated FY2027 profit expectations.
Key data on Deere & Co. stock
- Company: Deere & Company
- ISIN: US24419L1061
- Ticker: DE
- Trading venue: NYSE
- Price (as of September 14, 2026, 10:40): 681.64 USD
- Market capitalization: [value not specified] USD (as of September 14, 2026)
- Sector / Industry: Industrials / Machinery
- Index membership: S&P 500
