Deere & Company

(New York Stock Exchange)
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Somewhat Bullish +30

JPMorgan raises target for Deere & Co. stock to USD 625.00

Analyst upgrade AI-generated analysis

πŸ“ˆ JPMorgan raised its price target for Deere & Co. from USD 585.00 to USD 625.00 on October 8, 2026.

🏒 The company maintains a market capitalization of USD 175.2 billion and trades at a P/E ratio of 36.11.

πŸ“… Deere & Co. is scheduled to report its next earnings results on November 25, 2026.

πŸ’° The stock carries a trailing dividend yield of 1.00% as of the latest reporting period.

πŸ“‰ The current home-market quote of USD 649.95 places JPMorgan's new target 3.84% below the prevailing price.

πŸ“Š Trading volume on October 16, 2026, was 158,037 shares, significantly below the average daily volume of 1,247,562 shares.

πŸ“ˆ The stock trades within a 52-week range of USD 454.50 to USD 721.22, currently near the lower end of its yearly high.

🚜 Deere & Co. operates in the Industrials sector specifically focusing on agricultural machinery production.

πŸ‡©πŸ‡ͺ The German-market quote for the stock was EUR 579.10 on October 16, 2026, down 1.51% versus the Xetra close.

πŸ“‰ JPMorgan maintains a neutral rating despite the upward revision of its price target for the agricultural equipment giant.

Bullish Signals
  • JPMorgan raised its price target for Deere & Co. from USD 585.00 to USD 625.00, indicating continued analyst interest in the company's long-term prospects.
  • The stock maintains a substantial market capitalization of USD 175.2 billion, reflecting its significant position in the agricultural machinery sector.
Risk Factors
  • JPMorgan maintained a neutral rating while raising the target, suggesting caution relative to the broader analyst consensus and current home-market price.
  • The stock is trading approximately 9.89% below its 52-week high of USD 721.22, indicating it has not yet reached recent valuation peaks.
Full Analysis
JPMorgan has raised its price target for Deere & Co. stock from USD 585.00 to USD 625.00, maintaining a neutral rating as of October 8, 2026. This adjustment reflects the analyst's view on the company's valuation relative to current market conditions, positioning the target approximately 3.84% below the home-market quote of USD 649.95 recorded on October 16, 2026. Deere & Co. is currently trading with a market capitalization of USD 175.2 billion and a price-to-earnings ratio of 36.11. The stock has a trailing dividend yield of 1.00% and trades within a 52-week range between USD 454.50 and USD 721.22, currently sitting about 9.89% below its yearly high. The company is scheduled to report earnings on November 25, 2026, which serves as the next key checkpoint for validating JPMorgan's updated target. Recent trading data indicates a volume of 158,037 shares against an average daily volume of over 1.2 million, with the stock showing slight declines in both EUR and USD markets relative to recent closes. Operating within the Industrials sector as a major agricultural machinery manufacturer, Deere & Co. faces a valuation frame defined by its distance from its 52-week high. The analyst consensus cited by MarketBeat suggests the current JPMorgan target acts as a cautious counterweight to broader market expectations for the stock.