Deere Likely To Report Sharp Rise In Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Deere & Company DE is scheduled to release its financial results for the latest quarter before the opening bell on Feb. 17, 2023.

Analysts expect the company to post quarterly earnings at $5.56 per share, up sharply from $2.92 per share in the year-ago period. The company is likely to report revenue of $11.28 billion for the quarter.

Deere shares fell 1.7% to close at $402.96 on Thursday and added 1.3% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst Stanley Elliott maintained a Buy rating and raised the price target from $475 to $477 on Dec. 19, 2022. This analyst sees around 18% upside in the company’s stock and has an accuracy rate of 71%.
• Citigroup analyst Timothy Thein maintained a Buy rating on Dec. 1, 2022, and increased the price target from $425 to $505. This analyst sees around 25% upside in the company’s stock and has an accuracy rate of 79%.
• BMO Capital analyst John Joyner maintained a Market Perform rating and raised the price target from $375 to $450 on Nov. 28, 2022. This analyst sees more than 11% upside in the company’s stock and has an accuracy rate of just 1%.
• Wells Fargo analyst Seth Weber maintained an Overweight rating on Nov. 25, 2022, and raised the price target from $423 to $485. This analyst sees over 20% upside in the company’s stock and has an accuracy rate of 71%.
• Morgan Stanley analyst Dillon Cumming maintained an Overweight rating and boosted the price target from $424 to $522 on Nov. 25, 2022. This analyst sees around 30% upside in the company’s stock and has an accuracy rate of 48%.

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