Deere & Co. stock falls 1.03 percent as targets rise

Published on 09/28/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deere & Co. stock traded at USD 683.35 on September 28, 2026, while Bank of America lifted its target to USD 715.00. Q3 revenue reached USD 12.61 billion.

Aquarellillustration der Skyline von Moline Illinois am Mississippi mit Brücken — Deere & Co. Stadtpanorama Moline Illinois am Mississippi als Aquarell gemalt, ISIN US24419L1061 Firmensitz, Illustration mit AI erstellt.

Deere & Co. stock (ISIN US24419L1061) was trading at USD 683.35 on the NYSE on September 28, 2026, down 1.03 percent from the USD 690.46 prior close. The latest analyst catalyst came on September 24, 2026, when Bank of America raised its price target from USD 667.00 to USD 715.00.

Bank of America lifts target

According to MarketBeat on September 24, 2026, Bank of America increased its target from USD 667.00 to USD 715.00. The new target stands 4.63 percent above Deere's September 28 price, while the report retained a Hold rating.

The wider analyst picture is less one-sided than the target increase suggests. MarketBeat lists 17 Buy ratings and 8 Hold ratings among 25 analysts, with a USD 686.10 average target and a Moderate Buy consensus as of September 25, 2026.

Q3 revenue clears estimates

Deere's fiscal Q3 2026 results supplied the fundamental support for the recent analyst actions. The Globe and Mail reported on August 24, 2026, that revenue reached USD 12.61 billion in the quarter, compared with USD 10.81 billion expected. Adjusted EPS was USD 5.10 against a USD 4.71 estimate, while revenue increased 5 percent and diluted EPS rose 7 percent from the same fiscal quarter a year earlier.

The composition matters for investors. Construction and Forestry sales increased 18 percent to USD 3.62 billion, operating profit rose 84 percent to USD 436 million, and the operating margin reached 12.1 percent, up from 7.7 percent in the comparable fiscal quarter. That performance gives Deere a counterweight to weaker large-agriculture demand.

Guidance sets the next test

Management raised the lower end of fiscal 2026 net income guidance to USD 4.75 billion from USD 4.50 billion, while keeping the upper end at USD 5.00 billion, according to The Globe and Mail. The higher guidance floor contrasts with the company's expectation that large agricultural equipment sales in the United States and Canada will decline 15 percent to 20 percent in fiscal 2026.

Deere's market data show why the guidance debate remains sensitive. The stock's September 28 intraday range was USD 681.86 to USD 689.85, against a 52-week range of USD 433.00 to USD 721.22. The current price is 5.25 percent below the 52-week high, leaving valuation and the agricultural replacement cycle as the main counterweights to the construction recovery.

Deere stock trades below its high

Deere & Co. stock was trading at USD 683.35 on the NYSE at 11:14 a.m. ET on September 28, 2026, with volume of 173,207 shares and a market capitalization of USD 184.5 billion. The combination of a USD 715.00 Bank of America target, USD 12.61 billion in fiscal Q3 revenue and the USD 4.75 billion guidance floor gives the stock a clear set of dated reference points, but the negative daily move keeps the market's attention on execution.