Deere & Company (NYSE:DE) Stock Forecast: Barclays Raises Price Target to $675 Amid Strong Financials

• Barclays has increased its price target for Deere & Company (NYSE:DE) to $675.00, citing a potential 4.25% upside from its current trading price.
• The company reported strong financial results, with earnings per share of $5.10 and net sales and revenue of $12.60 billion, both surpassing analyst estimates.
• Management projects a recovery in the agricultural equipment cycle for fiscal year 2026 and notes robust performance in the Construction and Forestry segment, with an order backlog extending into 2027.

On August 24, 2026, an analyst from Barclays raised the stock price target for Deere & Company (NYSE:DE) to $675.00. This positive Deere & Company stock analysis highlights the company's position as a global leader in manufacturing agricultural, construction, and forestry machinery. At the time of the update, Deere & Company was trading at $647.47 per share, suggesting a potential upside of about 4.25%.

The analyst's positive view is strongly supported by Deere & Company's robust financial performance. Deere & Company recently reported better-than-expected Q3 2026 earnings results, with earnings per share reaching $5.10, which is higher than the estimated $4.70. Net sales and revenue also increased by 5% to $12.60 billion, significantly surpassing the $10.73 billion estimate.

Following these impressive results, Deere & Company raised its full-year net income outlook to a range between $4.75 billion and $5.00 billion. Deere & Company also expects its net operating cash flow from equipment operations to be between $5.00 billion and $5.50 billion. This strong cash flow projection is a key indicator of the company's financial health and positive investment outlook.

Management believes that fiscal year 2026 will mark the bottom of the agricultural equipment cycle. This optimistic view is supported by improving early order trends and healthier inventory levels across the agricultural machinery market. As highlighted by Zacks, Deere & Company reinforced this perspective during its third-quarter fiscal 2026 earnings call, signaling a potential market recovery in its core segment.

The Construction and Forestry segment also shows strong performance, with its order backlog extending into 2027, indicating a robust construction equipment outlook. During an appearance on Fox Business, CFO Brent Norwood stated Deere & Company is "riding construction's tailwinds," noting that the A.I. boom is helping to boost construction sales. However, tariffs continue to present a challenge for the company.