Deere & Company Stock: Is Wall Street Bullish or Bearish?

Company Overview - Deere & Company, headquartered in Moline, Illinois, manufactures and distributes agricultural, construction, forestry, and commercial and consumer equipment, with a market cap of $160.9 billion [1]. Stock Performance - Shares of Deere have outperformed the broader market over the past year, gaining 29.2% compared to the S&P 500 Index's 14.4% increase [2]. - Year-to-date, DE stock is up 31.6%, significantly surpassing the S&P 500's 1.4% rise [2]. - Compared to the First Trust Indxx Global Agriculture ETF, which gained 26.6% over the past year, DE's returns also outshine the ETF's 17.3% gains year-to-date [3]. Financial Results - On November 26, 2025, DE shares closed down by 5.7% after reporting Q4 results, with an EPS of $3.93, which fell short of Wall Street expectations of $3.96 [5]. - The company's net sales were reported at $10.6 billion, exceeding Wall Street forecasts of $10 billion [5]. Earnings Expectations - For the current fiscal year ending in October, analysts expect DE's EPS to decline by 9.1% to $16.82 on a diluted basis [6]. - The earnings surprise history for the company is mixed, having beaten consensus estimates in three of the last four quarters while missing on one occasion [6]. Analyst Ratings - Among the 24 analysts covering DE stock, the consensus rating is a "Moderate Buy," consisting of 11 "Strong Buy" ratings, two "Moderate Buys," and 11 "Holds" [6]. - The analyst configuration has become more bullish compared to three months ago, with 12 analysts now recommending a "Strong Buy" [7]. - Adam Seiden from Barclays PLC maintained a "Buy" rating on DE with a price target of $530, while the Street-high price target of $724 suggests an upside potential of 18.2% [7].