Deere & Company, a prominent United States-based manufacturer of agricultural and construction equipment, is currently receiving heightened attention from financial analysts amid changes in industry dynamics and evolving market conditions. As of June 24, 2025, shares of Deere & Co. (NYSE: DE) traded at $513.08, a slight decrease of 0.195% from the previous close. The company’s trading day saw an intraday high of $518.74, a low of $508.00, with volume reaching 628,725 shares as of 17:38:11 UTC.
Deere & Company, headquartered in Moline, Illinois, was founded in 1837 and is often regarded as an industry leader. In addition to manufacturing, it offers financial services to support sales and leasing of its equipment. The company’s fortunes are closely tracked as an indicator for both the construction and agricultural sectors, which in turn reflect wider economic health.
The construction industry, of which Deere is a major supplier, is widely seen as a bellwether for the broader economy. Trends in construction output, including new housing starts and project completions, can signal shifts in consumer and business demand. A pickup in the construction sector is historically one of the first signs of recovery after an economic downturn, while an oversupply of new buildings can push housing prices lower and does not bode well for equipment demand.
On the financial front, Deere’s stock has remained in focus for analysts. On May 21, 2025, BMO Capital raised its price target for Deere from $425.00 to $460.00 while maintaining a ‘Market Perform’ rating, as reported by GuruFocus. Earlier in May, JP Morgan similarly lifted its target from $490.00 to $540.00, retaining a ‘Neutral’ outlook (GuruFocus). Citigroup, on May 30, 2025, reiterated a ‘Hold’ rating and adjusted its target from $550.00 to $525.00 (StockAnalysis).
These analyst revisions followed Deere’s third-quarter earnings results, released in August 2024, where the company reported profits ahead of Wall Street forecasts, driven by robust pricing and effective cost controls despite a 17% drop in net sales and revenue to $13.15 billion (Reuters). Nevertheless, the outlook has become more cautious. In November 2024, Deere projected a lower profit for 2025, attributing the guidance to diminished demand for farm equipment amid declining farm incomes and persistent inflationary pressures (Reuters).
According to consensus figures compiled by StockAnalysis and other sources, analysts currently recommend a ‘Hold’ rating on Deere, with the average price target set at $515.53—suggesting limited upside from the current level. Investors and industry observers will continue to monitor Deere’s performance as shifts in global construction and agricultural trends impact both the company’s equipment and financial services operations.
For further details, see the original analyst report and related coverage.