JPMorgan raises target for Deere & Co. stock to USD 625 from USD 585
Published on 10/20/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and target context
- JPMorgan lifted its Deere target to USD 625 from USD 585 on October 8, 2026.
- Third-quarter revenue reached USD 12.61 billion on August 20, 2026, while net income was USD 1.38 billion.
- Deere & Co. stock trades at EUR 560.50 at 11:04 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.48 percent below the Xetra close of October 19, 2026.
Deere & Co. (ISIN US2441991054) was trading at EUR 560.50 at Lang & Schwarz on October 20, 2026, at 11:04 a.m. CEST, 0.48 percent below the Xetra close of October 19, 2026. The latest analyst move came on October 8, 2026, when MarketBeat reported that JPMorgan raised its target from USD 585 to USD 625 while keeping a Neutral rating.
JPMorgan sees limited upside
The revised target remains below JPMorgan's cited market price, making the analyst view more restrained than the headline increase suggests. TipRanks said the bank kept its Neutral stance as North American construction demand remained stronger while agriculture equipment demand stayed weak.
What did Deere earn in Q3?
Deere's third-quarter results provide the operating counterweight to the cautious target. For the quarter ended August 2, 2026, revenue was USD 12.61 billion and consolidated net income was USD 1.38 billion, according to MarketBeat. Diluted earnings per share were USD 5.10, compared with USD 4.75 in the year-earlier quarter.
Three dated events shape the setup
On August 20, 2026, Deere reported third-quarter revenue of USD 12.61 billion. On October 6, 2026, Deere and Yamaha announced a collaboration on future side-by-side vehicles, as reported by MarketScreener. On October 8, 2026, JPMorgan raised its Deere target to USD 625 from USD 585.
When are the next results due?
The next scheduled reporting checkpoint is November 24, 2026, when Deere's fourth-quarter earnings release is listed by MarketScreener. The date gives investors a defined test for whether the improved fiscal 2026 outlook is translating into sustained operating performance.
What does the outlook mean for margins?
Management's fiscal 2026 outlook called for net income of USD 4.75 billion to USD 5.00 billion and equipment-operations cash flow of USD 5.00 billion to USD 5.50 billion. The earnings-call transcript also stated that large agriculture equipment industry sales in the United States and Canada were expected to decline 15 percent to 20 percent year over year, while construction and forestry sales were forecast to rise 20 percent. That contrast explains why the stock combines strong reported earnings with a cautious analyst stance.
Stock trades below the Xetra close
Deere & Co. stock was trading at EUR 560.50 at Lang & Schwarz on October 20, 2026, at 11:04 a.m. CEST, down 0.48 percent versus the Xetra close of EUR 563.20 on October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of Deere & Co. stock.
Deere & Co. at a glance
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 11:04 a.m. CEST): EUR 560.50
- Change versus Xetra close: minus 0.48 percent
- Xetra close (October 19, 2026): EUR 563.20
- Sector / Industry: Industrials / Heavy Machinery and Vehicles
- Index membership: S&P 500
Market context: Market report S&P 500.
