14.6% Below Target

Deere & Company (DE) has a consensus 12-month price target of $691.58, implying 14.6% upside from $603.61. The 46 analysts covering DE see moderate appreciation potential.

DE has a consensus rating of "Hold" based on 46 Wall Street analysts. The rating breakdown is mixed, with 22 Hold ratings making up the largest segment. The consensus 12-month price target of $691.58 implies 14.6% upside from current levels.

DE trades at a forward P/E of 33.3665x, representing a moderate valuation. With analysts targeting $691.58 (14.6% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $812 for DE, while the most conservative target is $500. The consensus of $691.58 represents the median expectation. Our quantitative valuation model projects a bull case target of $888 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

DE is heavily covered by Wall Street, with 46 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 18 have Buy ratings, 22 recommend Hold, and 6 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month DE stock forecast based on 46 Wall Street analysts shows a consensus price target of $691.58, with estimates ranging from $500 (bear case) to $812 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $674, with bear/bull scenarios of $425/$888.

Our quantitative valuation model calculates DE's fair value at $674 (base case), with a bear case of $425 and bull case of $888. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 57/100.

DE trades at a forward P/E ratio of 33.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 32.6x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on DE, with a "Hold" consensus rating and $691.58 price target (14.6% upside). 18 of 46 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

DE analyst price targets range from $500 to $812, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $691.58 consensus represents the middle ground. Our model's $425-$888 range provides an independent fundamental perspective.