Deere & Company
DE · NYSE
Company research
Deere & Company (NYSE: DE), commonly known as John Deere, is the world's largest manufacturer of agricultural machinery, headquartered in Moline, Illinois, and founded in 1837 by blacksmith John Deere. The company operates through four primary business segments — Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services — offering a broad portfolio of tractors, combines, harvesters, excavators, forestry equipment, turf care machinery, and advanced precision agriculture technologies. With approximately 73,100 full-time employees and a market capitalization of roughly $164 billion, Deere holds an estimated 45% market share in North American large agricultural machinery and commands approximately 25% of the global high-horsepower tractor and combine market. Under the leadership of CEO John C. May, the company continues to strategically invest in technology-driven, high-margin solutions — including autonomous machinery and smart farming platforms — while maintaining a strong global manufacturing and sales presence across North America, Europe, Latin America, and Asia.
Research reports
Finvincio · June 28, 2026Deere & Company (DE) FY 2025 10-K Analysis (Filed 2025)
Educational but substantive breakdown of Deere’s FY2025 10-K, emphasizing that despite a cyclical downturn the company maintains strong margins, cash generation, and returns on capital, while noting the stock trades at premium valuation multiples that reflect its Smart Industrial and precision-ag strategy.
GEMS Archive · June 9, 2026John Deere (DE): Gangbangcheon B × Geochajesi 9/20 — North America Ag Machinery #1, Triple Moat, FY2026 Cycle Trough, Watch-and-Wait as Price Exceeds K-PER Base ($469)Deep-dive independent report that rates Deere as a Grade A business with a triple moat in technology, brand, and switching costs but argues the stock is a “great company, expensive price” case, recommending a watch‑and‑wait stance with fair‑value base around $469 and highlighting ag‑cycle, tariff, and right‑to‑repair risks.
Margin Of Insight · May 12, 2026Deere & Company (DE) — Equity ResearchEquity research primer describing Deere’s transformation toward a precision-ag and autonomy platform, summarizing trough‑year FY2026 guidance, wide‑moat positioning, and key bull/bear drivers around the ag cycle, tariffs, and SaaS adoption, while noting consensus sell‑side sentiment is roughly Hold/Buy with moderate upside.
World Trade Securities · March 13, 2026Deere & Co. – World Trade Securities Equity ResearchBroker-style equity research report with a Neutral rating and $525 price target, presenting detailed forecasts, valuation multiples, peer comparison, free‑cash‑flow and EBITDA analysis, and outlining upside from crop price recovery and precision‑ag SaaS versus downside from deep ag‑cycle weakness and a $1.2B annual tariff burden.
Pelican Alpha · March 6, 2026DE Research ReportDecision‑first research note that assigns a Sell recommendation with fair value of $483.6 versus a spot price of $630.88, arguing the market is overestimating Deere’s ability to hit FY2026 net‑income guidance and stressing risks from margin compression, high leverage, and a lower‑for‑longer agricultural downturn.
Ultra Stock Analysis Pro · March 2, 2026Deere & Company (DE) – Analyst ReportQuantitative analyst report that rates DE Hold, summarizing backtested trading performance, consensus price targets (~$665), valuation metrics (forward P/E ~27x, EV/EBITDA ~26x), and institutional ownership, and concluding the current risk‑reward is modest with instructions to trail stops and consider profit‑taking after a ~30% gain.
Old York Financial · February 26, 2026Deere & Company (DE) Investment Quality Rating (A)Qualitative principal-investing report assigning Deere an Operational Quality “A” rating and branding it the “Precision Sovereign,” highlighting roughly $8B in owner earnings, strong precision‑ag adoption and elite inventory management, while cautioning on tariff friction, cyclical ag demand declines, and segment margin pressure.
TIKR · February 26, 2026Deere Is Up 27% in the Last 6 Months. Here’s Where the Stock Could Go in 2026TIKR’s research article uses a valuation model (8.5% revenue CAGR, ~16.6% operating margin, 26.1x exit P/E) to derive a $734 target price (~18% upside), arguing Deere appears modestly undervalued given accelerating orders, construction momentum, margin recovery prospects, and expanding precision‑technology revenue.
TIKR · February 19, 2026Deere Stock Surges 11% as the Farm Cycle Bottoms: Here’s Where the Stock Could Be Headed in 2026This article analyzes an 11.6% share price jump after a Q1 earnings beat and raised FY2026 guidance, presenting a TIKR valuation target of $875.84 (~32% upside) and framing Deere as “the absolute best way to play the agriculture rebound” based on a replacement supercycle, construction & forestry strength, and a high‑margin precision‑ag ecosystem.