Deere & Co. stock falls 2.05 percent as BofA lifts target
Published on 09/25/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deere & Co. (ISIN US2441991054) stood at USD 694.94 on the NYSE on September 24, 2026, down 2.05 percent from the prior close of USD 709.48. The immediate stock catalyst is BofA Securities raising its price target from USD 667.00 to USD 715.00 in a report dated September 24, 2026.
BofA raises its target
According to Futunn, BofA Securities lifted the target by USD 48.00, or 7.2 percent, from USD 667.00 to USD 715.00. The new target stands 2.9 percent above the September 24 price, leaving a narrow gap between the analyst view and the market quotation.
A broader valuation counterpoint comes from MarketBeat, which lists a Moderate Buy consensus and an average target of USD 680.73. That average sits USD 14.21 below the reference price, showing that the latest bullish revision has not lifted the entire analyst range above the market.
Q3 revenue reaches USD 12.61 billion
Deere's fiscal third quarter ended August 2, 2026, with revenue of USD 12.608 billion, up 4.9 percent from USD 12.02 billion in the year-ago quarter. Diluted EPS rose 7.4 percent to USD 5.10 from USD 4.75, according to Financial Report Insights.
The same fiscal Q3 report showed net income of USD 1.379 billion, compared with USD 1.289 billion a year earlier. Deere also raised fiscal 2026 net income guidance to USD 4.75 billion-USD 5.00 billion, while nine-month revenue reached USD 35.589 billion and nine-month net income attributable to Deere reached USD 3.808 billion.
Stock remains near its yearly high
At USD 694.94, Deere trades USD 26.28 below its 52-week high of USD 721.22 and USD 261.94 above its 52-week low of USD 433.00. The NYSE reference session carried volume of 1,139,694 shares and a market capitalization of USD 187.59 billion.
The figures frame the current debate clearly: improving quarterly earnings and higher full-year guidance support the bullish analyst revisions, while the stock's position near its yearly high places greater weight on execution in the remaining fiscal year.
Deere & Co. stock at a glance
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Trading venue: NYSE
- Price (as of September 24, 2026): USD 694.94
- Market capitalization: USD 187,590,314,130 (as of September 24, 2026)
- 52-week range: USD 433.00-721.22 (as of September 24, 2026)
- Sector / Industry: Industrials / Farm and Heavy Construction Machinery
