Deere & Company currently occupies the 19th position in the industrials sector when ranked by implied upside, presenting a relatively conservative profile compared to its peers. With a consensus target price of $647.61523 against a market price of $617.95, the agricultural and heavy equipment manufacturer offers an implied upside of 4.8%. This figure places the stock below the broader sector's average performance expectations, signaling a period of consolidation or cautious optimism among the analysts who cover it.
Targets and valuation
Wall Street's consensus on Deere & Company reveals a tight window of expected price appreciation ahead of its upcoming earnings announcement scheduled for August 20, 2026.
According to data compiled on August 11, 2026, at 23:48:39 UTC, a group of 23 analysts maintain a collective "buy" recommendation on the stock. This positive consensus persists despite a trailing price-to-earnings ratio of 34.971703, which compresses to a forward P/E of 27.300522. The drop in the forward multiple reflects expectations of near-term earnings growth, a crucial variable as the market approaches the mid-August financial reporting date. Investors looking at the capital return elements will find a dividend of 1.06, paired with a beta of 0.901, indicating that the stock historically moves with slightly less volatility than the broader market index.
Recent revisions from major research desks show shifting expectations as the earnings date nears. On August 11, 2026, Evercore ISI Group lowered its price target for Deere from $641 to $632. This downward adjustment contrasts with earlier momentum from mid-summer; on July 14, 2026, Citigroup raised its target from $575 to $610, while DA Davidson maintained a much higher target of $685 on July 17, 2026. This spread between the conservative adjustments of August and the bullish targets of July highlights the differing views on how Deere will perform in the current economic environment.
Adding another layer to the valuation picture is the recent insider trading activity. Over the recent tracking period, insiders executed 4 meaningful sell transactions, liquidating a total of 89,158 shares. Meanwhile, there were no meaningful buy transactions recorded. While insider selling can occur for many personal or administrative reasons, the complete absence of open-market insider purchases during this period suggests a cautious stance from those closest to the company's operations. The financial community can monitor these adjustments and target changes closely via the Deere & Company stock profile to see how these valuation metrics shift post-earnings.
Peer comparison
When measured against its industrial peers, Deere’s projected room to run appears notably constrained.
The company's 4.8% implied upside sits well below the industrials sector average upside of 8.2%. This gap indicates that analysts see more immediate value or recovery potential in other large-cap industrial names. For instance, GE Vernova (GEV) leads with a significant 22.4% implied upside, indicating strong analyst conviction in its near-term growth path. Boeing (BA) also outpaces Deere with an implied upside of 17.8%, reflecting an expectation of recovery despite its well-documented operational hurdles.
Even when comparing Deere to its most direct machinery peer, Caterpillar (CAT), the contrast remains clear. Caterpillar boasts an implied upside of 15.1%, more than triple the percentage expected from Deere. This divergence suggests that Wall Street currently favors Caterpillar's product mix or market exposure over Deere’s agricultural-heavy portfolio. The ranking of 19 for Deere within the sector underscores this dynamic, showing that while analysts maintain a buy rating on the stock, they are temperately managing expectations regarding its short-term price appreciation relative to the rest of the industrials sector.