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Moline, Illinois-based Deere & Company (DE) manufactures and distributes agricultural and forestry machinery, diesel engines, and more. With a market cap of $129.4 billion, Deere operates through Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services segments.
Companies worth $10 billion or more are generally described as "large-cap stocks." Deere fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the farm & heavy construction machinery industry. Deere offers a portfolio of more than 25 brands to provide a full line of innovative solutions to its customers.
Despite its notable strengths, DE stock has plunged 10.7% from its all-time high of $533.78 touched on May 16. Meanwhile, the stock has dropped 6.1% over the past three months, notably underperforming the S&P 500 Index’s ($SPX) 8.1% gains during the same time frame.
However, over the longer term, Deere’s performance has remained much more impressive. DE stock has surged 12.5% on a YTD basis and 23.6% over the past 52 weeks, notably outperforming SPX’s 9.1% uptick in 2025 and 13.6% surge over the past year.
To confirm the overall bullish trend and recent downturn, DE stock has remained mostly above its 200-day moving average over the past year with some fluctuations. But the stock has traded mostly below its 50-day moving average since mid-July.
Despite delivering better-than-expected results, Deere’s stock prices plunged 6.8% in a single trading session following the release of its Q3 results on Aug. 14. The company’s overall sales for the quarter dipped 8.6% year-over-year to $12 billion, but exceeded the Street expectations by nearly 1%. Further, its EPS of $4.75 surpassed the consensus estimates by 2.8%.
However, the company has been concerned due to the continued headwinds faced by the US agriculture sector. Because of this, Deere lowered the high point of its full-year net income guidance. The massive uncertainty created by President Trump’s tariffs has pushed the macro environment into turmoil and made buyers cautious of their purchases. Due to these uncertainties, Deere’s Production and Precision Agriculture segment’s sales plunged by more than 16% and the number isn’t expected to improve anytime soon.
Meanwhile, Deere’s peer Caterpillar Inc. (CAT) has outperformed DE in 2025 but lagged behind over the past 52 weeks. CAT stock has gained 14.7% on a YTD basis and 16.8% over the past year.
Among the 22 analysts covering the DE stock, the overall consensus rating is a “Moderate Buy.” Its mean price target of $538.90 suggests a 13% upside potential from current price levels.
