Roughly 20 current analyst price targets were reviewed, spanning from a low near $500 to a Street-high of $813.18. The arithmetic mean of those verified targets works out to approximately $694, which rounds to a clean central target of $700. This is presented as a calculated average of individual targets—not as an official published consensus figure.
The dispersion is unusually wide and meaningful. Bullish firms sit well above the mean: Truist at $804, Evercore ISI at $813, Baird at $800, D.A. Davidson at $760, RBC Capital at $752, Wells Fargo at $750, and Raymond James at $730. These analysts generally argue that Deere's earnings power is inflecting higher and that the agriculture cycle is bottoming. In contrast, Neutral-rated firms cluster well below the mean: JPMorgan at $625, Citi at $650, Bernstein at $580, Bank of America at $715 (Hold), Stifel at $640, BMO Capital near $500, and Jefferies at $550. These more cautious voices acknowledge improving results but argue the shares already price in an optimistic recovery scenario.
Recent rating actions have leaned constructive. Evercore ISI upgraded Deere to Outperform with an $813 target in September 2026, and Baird upgraded the stock to Outperform with an $800 target in late August 2026. Even several Neutral-rated firms, including JPMorgan and Bank of America, raised their targets, signaling that even skeptics are revising assumptions upward.
Deere shares closed near $627 on October 19, 2026, within a 52-week range of $454.50 to $721.22. Reaching the $700 central target would require a move of roughly 11.6%—a modest to moderate advance by equity-market standards. Importantly, this is not uncharted territory: the stock traded as high as $721.22 in late September 2026 before a pullback of about 13%.
The path toward $700 therefore depends less on reaching an unprecedented valuation and more on whether the recent sell-off reverses. Deere trades at roughly 35 times trailing earnings (P/E) and about 30 times forward earnings, which is elevated relative to its own history. For the stock to reclaim $700 and hold it, investors would likely need to see confirmation that the agriculture equipment cycle is genuinely turning rather than merely stabilizing.
Deere raised its full fiscal 2026 net income outlook to a range of about $4.5 billion to $5.0 billion, up from a prior $4.0 billion to $4.75 billion, after a first-quarter beat. Analysts pointed to stronger-than-expected results in Construction & Forestry and Small Ag & Turf, improving large-agriculture order trends, and higher incremental margins. A growing focus on precision agriculture and technology services offers a longer-dated growth narrative, while a dividend yield near 1% provides modest income support. If crop prices and farmer incomes stabilize and dealer inventories normalize, the positive earnings-revision cycle that several analysts describe could sustain upside momentum.
The primary obstacle is valuation. Deere's multiple has re-rated sharply over the past year, and bearish-leaning analysts warn that the stock already discounts an optimistic earnings path. The agriculture cycle remains uncertain: soft crop prices, pressured farm incomes, and elevated equipment inventory could delay a genuine demand recovery. Further guidance cuts or a reversal of the recent positive earnings revisions would undermine the bull case. Macroeconomic factors—including interest rates and their effect on equipment financing—also matter, given that Deere's Financial Services segment extends credit to dealers and farmers. A renewed pullback toward the low $600s or below would push the $700 target further out of reach.
From a technical standpoint, $700 is both a psychological level and a zone near the September 2026 highs, with the 52-week high of $721.22 acting as the nearest major resistance level. A sustained move above that area would mark a breakout to new highs. On the downside, the $600 to $627 zone has provided recent support following the October pullback, with the 52-week low near $454.50 representing the long-term floor. The stock's sharp rise—up more than 34% year to date before the recent retreat—suggests that any push back toward $700 will need to absorb profit-taking near prior resistance.
Analyst price targets generally reflect a research horizon of about 12 months, though individual firms apply different assumptions. Deere's next earnings report is scheduled for late November 2026, and investors should monitor whether management reaffirms or adjusts its fiscal 2026 and 2027 outlook. Other items to watch include crop prices and farmer income data, dealer inventory commentary, analyst target revisions, and Federal Reserve interest-rate decisions that influence equipment financing. For a stock already trading near 52-week highs, the direction of earnings revisions will matter at least as much as the headline results.
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The $700 central target—derived from the mean of current analyst price targets reviewed—implies about 11.6% upside from a recent price near $627, and it sits below Deere's 52-week high of $721.22. The stock has already demonstrated it can trade at these levels. What remains in question is durability: bullish analysts see an earnings inflection and a bottoming agriculture cycle, while cautious analysts argue the valuation already embeds that optimism. The wide $500-to-$813 target range underscores genuine disagreement about the pace and certainty of the recovery. Investors should watch the November earnings report, guidance, commodity markets, and analyst revisions, recognizing that no target—calculated or published—represents a guarantee.
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A.I.dvisor indicates that over the last year, DE has been closely correlated with CNH. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if DE jumps, then CNH could also see price increases.
| Ticker / NAME | Correlation To DE | 1D Price Change % |
|---|---|---|
| DE | 100% | -1.17% |
| DE (3 stocks) | 99% Closely correlated | +0.51% |
| Producer Manufacturing (348 stocks) | 8% Poorly correlated | +0.46% |