Morgan Stanley has increased its price target for Deere (DE, Financial) from $450 to $500, while maintaining an Overweight rating on the stock. This decision is part of a broader strategy to adjust for a "dynamic macro backdrop" that includes revised expectations for 2025 in the machinery and construction sectors.
In response to potential economic downturns, the firm has also revised its worst-case scenarios to account for potential recession impacts. This strategic adjustment reflects a thorough analysis of risk versus reward, incorporating factors such as tariff risks and varying demand conditions.
Morgan Stanley's updated stock ratings are designed to more accurately represent the potential returns when adjusted for risk and market positioning. The firm has recognized that many investors might already be anticipating softer outlooks, prompting these targeted changes to align with its current market perception and end-market forecasts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Deere & Co (DE, Financial) is $490.91 with a high estimate of $583.00 and a low estimate of $400.00. The average target implies an upside of 6.43% from the current price of $461.26. More detailed estimate data can be found on the Deere & Co (DE) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Deere & Co's (DE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Deere & Co (DE, Financial) in one year is $307.69, suggesting a downside of 33.29% from the current price of $461.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Deere & Co (DE) Summary page.
