Oppenheimer has adjusted its price target for Deere & Co. (DE, Financial), raising it from $510 to $513, while maintaining an Outperform rating on the stock. The decision comes as the agricultural sector demonstrates relative resilience in the face of ongoing tariff and macroeconomic uncertainties.
According to the firm, although agriculture is not completely shielded from tariff impacts and potential retaliatory actions, its core fundamentals heading into 2025 remain robust. Oppenheimer notes that the possibility of government subsidies could mitigate some of the economic challenges faced by farmers, thereby providing a buffer for Deere's customers.
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 $493.54 with a high estimate of $583.00 and a low estimate of $400.00. The average target implies an upside of 11.77% from the current price of $441.56. 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 $306.74, suggesting a downside of 30.53% from the current price of $441.56. 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.
