JPMorgan raised Deere & Company stock target from USD 585 to USD 625
Published on 10/12/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan raised its Deere target from USD 585 to USD 625 while keeping a Neutral rating on October 8, 2026.
- Deere reported USD 12.61 billion in third-quarter revenue and USD 1.38 billion in net income for the period ended August 2, 2026.
- The stock was at EUR 556.30 at Lang & Schwarz on October 12, 2026, down 5.07 percent versus the Xetra close of EUR 586.00.
- A federal agricultural equipment inquiry has a public-comment deadline of December 7, 2026.
Deere & Company (ISIN US2441991054) was trading at EUR 556.30 at Lang & Schwarz on October 12, 2026 at 11:37 a.m. CEST, down 5.07 percent versus the Xetra close of EUR 586.00 on October 9, 2026. The market is weighing a higher analyst target against regulatory scrutiny of agricultural equipment markets.
JPMorgan lifts target to USD 625
As Markets Insider reported on October 8, 2026, JPMorgan raised its Deere target from USD 585 to USD 625 and kept a Neutral rating. The change came in a third-quarter earnings preview, with the analyst citing mixed demand outside data-center construction and weak agricultural equipment demand.
Three dated developments shape the story
On November 26, 2025, Deere reported third-quarter net income of USD 1.07 billion for fiscal 2025, according to Inside-Filings. For the fiscal third quarter ended August 2, 2026, revenue reached USD 12.61 billion, net income was USD 1.38 billion and diluted earnings per share were USD 5.10, the same filing overview shows.
On October 7, 2026, Yamaha Motor announced a collaboration with Deere for joint development and mutual supply in recreational off-highway vehicles. The companies will retain their brands and dealer networks while combining vehicle development and manufacturing capabilities.
What does the target change mean for valuation
JPMorgan's USD 625 target sits below the USD 721.22 52-week high and above the USD 433.00 low recorded for Deere's NYSE listing as of October 9, 2026. The target revision therefore improves the analyst's stated valuation ceiling, but the Neutral rating limits the signal to a reassessment rather than a bullish recommendation.
Regulatory date remains December 7
On October 7, 2026, the Federal Trade Commission and the U.S. Department of Agriculture opened a joint inquiry into agricultural equipment manufacturing and distribution practices. According to the Federal Trade Commission, public comments are due by December 7, 2026. The inquiry follows a Deere repair settlement and could keep dealer access, service economics and farmer costs in the discussion.
The stock was trading at EUR 556.30 at Lang & Schwarz on October 12, 2026 at 11:37 a.m. CEST, down EUR 29.70 or 5.07 percent versus the Xetra close of October 9, 2026 at EUR 586.00. The further course of trading is shown by the continuously updated real-time quote of Deere & Company stock.
Deere & Company stock at a glance
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 12, 2026, 11:37 a.m. CEST): EUR 556.30
- Change versus Xetra close: minus 5.07 percent
- Xetra close (October 9, 2026): EUR 586.00
- Market capitalization: USD 167.6 billion (as of October 9, 2026)
- 52-week range: USD 433.00-721.22 (as of October 9, 2026)
- Sector / Industry: Industrials / Farm machinery and equipment
Market context: Market report S&P 500.
