Jefferies upgraded its outlook for Deere (NYSE: DE) from “Underperform” to “Hold” on April 8, 2026. The average one-year price target for Deere is set at $666.03 per share, representing a potential upside of 9.29% from its last closing price of $609.39. Projections indicate a 25.64% increase in annual revenue to $58.71 billion, alongside a 5.47% rise in projected non-GAAP earnings per share to $34.38.
Institutional ownership decreased by 27.54% in the last quarter, with 2,463 funds now reporting positions in Deere. The total shares held by institutions fell by 13.01% to 198.1 million shares. The put/call ratio stands at 0.86, suggesting a bullish outlook among investors. Notable changes in shareholder positions include Jpmorgan Chase reducing its stake by 18.05% and Capital World Investors increasing theirs by 35.01%.
