Deere & Company (DE)

Deere & Company is trading near the top of its 52-week range, with the stock at $691.75 and 89% of the way from its 52-week low to its high. Shares are above their 50-day, 200-day and 20-day averages, and the trend reading is up. The main question for investors is whether the rise can hold while analysts' median target of $728.00 sits only 5.2% above the price and the company's revenue growth trails its sector.

Analyst activity since late August has leaned positive. Baird upgraded the stock to Outperform from Neutral on August 31, 2026, and Evercore ISI Group upgraded it to Outperform from In-Line on September 3, 2026. Raymond James kept its Outperform rating on the same day as Baird's upgrade, and Truist Securities and DA Davidson both kept their Buy ratings on August 24, 2026. JP Morgan kept its Neutral rating on October 8, 2026, the most recent of the actions listed. Of the 25 analysts with a current rating, 16 rate the stock buy or strong buy and 9 hold it. Three months earlier, 13 of 24 rated it a buy, so the number of buy ratings has risen.

The August 20, 2026 report showed adjusted EPS of $5.10 against an analyst estimate of $4.71, a beat of 8.28%. The stock rose 6.94% in the first session after that report. Five of the six most recent reports beat the EPS estimate, and the February 19, 2026 report produced the largest first-session move among them, an 11.58% rise after a beat of 15.24%. The one miss among the six reports did not coincide with the largest first-session reactions. Two of the five beats were followed by a lower share price in the first session, so beats have not always produced gains.

Revenue grew 4.83% in the latest quarter compared with the same quarter a year earlier, while the sector median is 11.7%, which leaves the company 6.9 percentage points slower. Profitability is steadier. The net profit margin is 10.37%, the operating margin is 13.52%, and return on equity is 18.24%, above the sector median of 17.8%. Debt is significant, with a debt-to-equity ratio of 2.30. Insiders sold $55.9M of stock over the last 18 months across six sales and made no open-market purchases. Insider sales are often planned in advance or made to cover tax on vesting shares, so they are a weaker signal than purchases.

The base case is that the trend holds while the stock stays above its 50-day average and the company keeps beating earnings estimates. Analysts' median 12-month target of $728.00 implies modest upside from here, and the range runs from $500.00 to $813.18. Sixteen of 25 analysts rate the stock buy or strong buy, and none rate it sell, which gives the consensus a supportive tilt. The main risk is growth: analysts expect fiscal 2026 EPS to shrink 2.1% to $18.11 before growing 26.4% to $22.89 in fiscal 2027, so a delay in that recovery would weigh on the stock. A simulation from past volatility is not a forecast, but the typical daily move of 1.87% gives a sense of the range the stock has recently traded in.

Nearest support is the 50-day simple moving average at $669.20, which the price has recently stayed above. Below it sits the 20-day exponential moving average at $666.95, which is almost the same level and so forms one support zone. The 200-day simple moving average at $611.20 is the next support and marks the longer-term trend line. The 52-week low at $455.91 is the deepest support level in the past year. Resistance is the 52-week high at $721.22, the first level a rise would meet and the price's peak over the past year.