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DE

Deere & Company

NYSE: DE · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY

$589.87
+5.33% today

Updated 2026-04-29

Market cap
$159.33B
P/E ratio
33.21
P/S ratio
3.41x
EPS (TTM)
$17.76
Dividend yield
1.16%
52W range
$430 – $672
Volume
1.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Deere & Company (DE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$589.87
Consensus
$621.00
+5.28%
2030 Target
$2,763.41
+368.48%
DCF
—
—
19 analysts:
7 Buy8 Hold1 Sell

Management guidance

Deere raised FY2026 net income guidance to $4.5-5.0B (from prior guidance) following Q1 beat with $9.6B revenue. CEO emphasized strong Construction & Forestry segment momentum with 50%+ order bank growth and anticipated earnings recovery from FY2027 onward. No specific multi-year revenue targets provided, but guidance signals confidence in 2027+ recovery as agricultural cycle normalizes.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$4,663.25
$62.3B Rev × 20x P/S
Base case (2030)
$2,763.41
$62.3B Rev × 12x P/S
Bear case (2030)
$1,842.27
$62.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$60.2B$50.5B$44.7B$42.3B$47.9B$52.4B$57.1B$62.3B
Revenue growth—-16.1%-11.6%-7.3%13.2%9.5%9.0%9.1%
EPS$35.17$25.60$18.51$18.42$24.50$28.75$32.40$36.80
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$1,899.84$2,130.13$2,360.41$2,533.12$2,763.41

Catalysts & risks

Growth catalysts
+ FY2027 earnings recovery as agricultural/construction cycles normalize post-2026 trough
+ Construction & Forestry segment acceleration (50%+ order growth signals 2-3 year revenue ramp)
+ Precision agriculture software monetization (See & Spray, AI/autonomy investments building data moat)
+ MLB partnership brand expansion into mainstream U.S. customer base
+ U.S. manufacturing capacity investments and infrastructure spending tailwinds
+ Potential tariff relief on imported components (currently impacting margins)
Key risks
- Agricultural commodity price collapse would compress farmer capex cycles
- Right-to-repair legislation could cannibalize high-margin parts/service revenue
- Tariffs on Mexico imports (heavy machinery exposure); Trump trade policy uncertainty
- Elevated P/E (32.1x) prices in full farm recovery; valuation compression risk if growth disappoints
- Cyclical downturn could persist 2026-2027 if farm incomes remain depressed
- Competition from CNH, AGCO intensifying in precision ag software space

Methodology

Deere & Company's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 19 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.