Deere stock holds at EUR 608.00 as analysts lift targets
Published on 09/29/2026 at 12:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deere & Company (ISIN US2441991054) was trading at EUR 608.00 at Lang & Schwarz on September 29, 2026 at 12:25 p.m. CEST, up 0.46 percent versus the prior close of EUR 605.20. The stock story now combines stronger fiscal Q3 execution with a widening range of analyst targets.
Analysts raise their targets
Evercore upgraded Deere to Outperform from In-Line on September 2, 2026, and raised its price target to USD 813.00 from USD 632.00, according to MarketBeat. That target is 33.61 percent above the Lang & Schwarz price when comparing the currencies directly only as a directional reference, so the two market quotations remain separate.
Bank of America also raised its target to USD 715.00 from USD 667.00 in a report dated September 24, 2026, while MarketBeat cited a consensus rating of Moderate Buy and an average target of USD 686.10, according to MarketBeat. The spread between those targets shows that the recovery thesis remains stronger than the agreement on valuation.
Fiscal Q3 shows operating recovery
Deere's fiscal third-quarter net sales and revenues rose 5 percent year over year to USD 12.6 billion, while net income increased 7 percent to USD 1.4 billion, or USD 5.10 per diluted share, as reported by CNBC on September 3, 2026. Equipment operations operating profit rose 18 percent to USD 1.8 billion, and the margin reached 14.4 percent.
The segment picture is uneven. Construction and Forestry sales rose 18 percent and operating profit increased 84 percent, while Production and Precision Agriculture sales fell 6 percent and profit declined 9 percent in the same fiscal quarter, according to CNBC.
Stock valuation meets cycle recovery
Management lifted fiscal 2026 net income guidance to USD 4.75 billion-USD 5.00 billion and projected equipment operations cash flow of USD 5.00 billion-USD 5.50 billion, CNBC reported. That combination gives the analyst upgrades a measurable operating foundation, but the agricultural recovery still has to broaden beyond construction equipment.
Deere stock holds at EUR 608.00
Deere stock was trading at EUR 608.00 at Lang & Schwarz on September 29, 2026 at 12:25 p.m. CEST, up 0.46 percent against the Lang & Schwarz prior close of EUR 605.20 on September 28, 2026.
Deere & Company stock facts
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of September 29, 2026, 12:25 p.m. CEST): EUR 608.00
- Change versus prior close: plus 0.46 percent
- Prior close Lang & Schwarz (September 28, 2026): EUR 605.20
- Market capitalization: USD 186.1 billion (as of September 28, 2026)
- 52-week range: USD 433.00-721.22 (as of September 28, 2026)
- Sector / Industry: Industrials / Agricultural Machinery
