Deere Stock Soars 6.84% to Record High on Analyst Upgrade

Deere's stock price surged to a record high today, with an intraday gain of 6.84%.

The strategy of buying Deere (DE) shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 29.28%, slightly underperforming the market by 14.54%. With a total return of $3,951.99 for a $1,000 investment, the strategy showed resilience amid market fluctuations, making it suitable for a conservative investment approach..

Deere's stock price has been influenced by several recent factors in May 2025. Despite reporting declines in sales, revenue, and net income for the second quarter, Deere's stock price increased by 7% over the last quarter, in line with broader market gains in the Dow Jones and S&P 500 indexes. This positive movement reflects investor confidence in Deere's ability to manage current challenges, such as inventory and cost management, while benefiting from favorable farmer sentiment and technology adoption in markets like Brazil.

Additionally, a Truist analyst raised the price target for Deere from $546 to $619, maintaining a Buy recommendation, which likely contributed to the stock's upward momentum. Deere's strong historical performance, including a total shareholder return of 273.65% over the past five years, further underscores its resilience in a competitive landscape.

Looking forward, despite macroeconomic uncertainties and an expected annual revenue decline, analysts project earnings growth to US$7.7 billion by 2028. The consensus price target of US$489.89 suggests that the market views Deere as fairly priced, considering its anticipated growth and risks.