Deere & Co. stock gains on analyst upgrades after strong quarterly figures

Deere & Co. stock (ISIN US24419L1061) is trading close to its recent 12-month high, with shares opening at USD 692.68 on September 8, 2026, giving the machinery group a market capitalization of USD 186.76 billion as investors digest strong quarterly figures and a series of analyst upgrades in early September 2026.MarketBeat

Quarterly results and improved guidance

According to MarketBeat data, Deere & Co. reported quarterly earnings on August 20, 2026, delivering earnings per share of USD 5.10, which was USD 0.41 above the analysts' consensus estimate of USD 4.69 for the period, highlighting better-than-expected profitability in its industrial products segment in that latest quarter ending mid-2026.MarketBeat

In the same quarter, Deere & Co. generated revenue of USD 12.61 billion compared with analyst expectations of USD 10.81 billion, implying a revenue beat of roughly USD 1.80 billion and a year-over-year revenue increase of 6.2 percent versus the prior-year quarter's performance, underscoring that demand for its equipment and solutions remained resilient in fiscal 2026.MarketBeat

Analyst upgrades support Deere & Co. stock

A separate analysis from MarketBeat notes that Deere & Co. has been one of the recent earnings-season winners, with operating margin improving to 14.4 percent in the latest reported period and management raising its fiscal 2026 income guidance to a range of USD 4.75 billion to USD 5.00 billion, up from a previous low end of USD 4.50 billion, a change that signals growing confidence in the company’s earnings trajectory.MarketBeat

On August 31, 2026, Baird upgraded Deere & Co. stock from Neutral to Overweight and set a new price target of USD 800, while on September 2, 2026, Evercore followed with an upgrade to Outperform and a price target of USD 813; both targets sit clearly above the current average target of around USD 680.73 mentioned by MarketBeat, indicating that some analysts now see materially more upside than the broader consensus.MarketBeatMarketBeat

Valuation, risk and market positioning

Market data compiled by MarketBeat show that at the opening price of USD 692.68 on September 8, 2026, Deere & Co. shares trade between their 12-month low of USD 433.00 and their 12-month high of USD 705.88, placing the stock less than USD 13 below its recent high, a level that reflects investors’ willingness to pay a premium for the company’s growth and earnings momentum.MarketBeat

At this price level, Deere & Co. carries a price-earnings ratio of 38.48 and a P/E to growth ratio of 2.86, according to MarketBeat, values that point to a demanding valuation compared with more mature industrial peers and that make further earnings delivery and adherence to the raised guidance range between USD 4.75 billion and USD 5.00 billion particularly crucial for shareholders watching the balance between growth and risk.MarketBeatMarketBeat

John Deere equipment as a core driver

Deere & Co. is best known for its John Deere-branded agricultural and construction equipment, including tractors and combines that underpin farm productivity worldwide, and the improving operating margin of 14.4 percent reported for its latest period shows that efficiency gains and pricing power in these core product lines are contributing meaningfully to the company’s elevated guidance for fiscal 2026.MarketBeat

Stock near its 12-month high

With shares opening at USD 692.68 on September 8, 2026, on the New York Stock Exchange, against a 12-month low of USD 433.00 and a 12-month high of USD 705.88 as reported by MarketBeat, Deere & Co. stock currently trades in the upper end of its recent range, supported by the earnings beat, the raised fiscal 2026 income guidance and the prominent analyst upgrades that have arrived since the August 20, 2026, quarterly release.MarketBeatMarketBeat

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