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NYSE:DE
Deere & Co. (DE)
Financials 
Technical Analysis 
Aug 29, 2026, 12:00 amThis summary was created by AI, based on 6 opinions in the last 12 months.
Deere & Co. (DE) has received mixed reviews from experts, highlighting its significant rise of 31% over the last six months, which some believe may continue. However, concerns about the company's cyclical nature and its dependency on agricultural factors such as fertilizer prices, tariffs, and fuel costs are prevalent. While some analysts still recognize the stability of Deere's business, they suggest exploring other options in the infrastructure sector, with Caterpillar (CAT) being a preferred alternative. Despite a strong earnings report and optimistic long-term projections, recent disappointing guidance for 2026 has led to skepticism about its immediate future. Experts recommend exercising caution; while some see an opportunity to buy at lower prices, others advise to wait until after upcoming reports.
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Looking back 2-3 years, bounces back and forth between $340 and $430. Recent downswing from April-July, finding support around $350. However, started to bounce over last 2 days, encouraging. First resistance $410-415, next at $430-435, with the $400 round number in between. Trading upswing within a long-term trading range.
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Premium contentIn a time of growing global agricultural demand, DE is well positioned. It has invested $2.2 billion into research for innovations that allow farmers to reduce input costs and their environmental footprint. It trades at 15x earnings and supports a robust 41% ROE. We recommend setting a stop-loss at $320, looking to achieve $425 -- upside potential of 60%. Yield 1.5%
(Analysts’ price target is $425.94)
Has owned this for a while, but the agriculture cycle is over. He's held onto this because it's a different ag company. That said, the ag background is highly bearish.
Joe TerranovaWhy is this a battleground stock? They ripped the band-aid off their last report and set future earnings at a proper level, but see a low bar in their forecast: 12x forward PE. Crop prices have been weak for a while, but that's the best time to buy Deere.
Jim Lebenthal
The momentum is broken. Something has changed in the past year: maybe the agricultural cycle has deteriorated, replacing tractors has declined given high interest rates maybe. The balance sheet... It checks all the boxes. Good fundamentals. But if stocks remain like this at the end of January, he will sell in his quarterly rebalancing.
Joe TerranovaThey reported a beat but lowered guidance. This remains a good company that is simply being cautious, which may be warranted in the face of the lag effect of Fed comments, but will be short-lived. They have set a bar they can easily clear. A buy.
Jim LebenthalIt's been challenging for him. The agriculture and commodity cycle is in trouble due to weakening demand. Perilous.
Joe Terranova
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Our PAST TOP PICK with DE is progressing well. To remain disciplined, we recommend trailing up the stop (from $357) to $380 at this time.