Intelligence Feed event · Equity · 2026-09-01

    Deere Upgraded to $800 on Expected Ag Market Rebound and Rising Crop Prices

    Question

    Deere Upgraded to $800 on Expected Ag Market Rebound and Rising Crop Prices

    Direct answer

    Deere stock advanced 3.90% after analyst Mircea Dobre upgraded the equity and lifted the price target from $640 to $800. The forecast models Deere generating earnings per share of $25 in 2027 and exceeding $30 in 2028. The bullish revision centers on improving farm economics driven by rising corn and soybean prices. Strengthened agricultural commodity pricing is expected to stimulate farmer equipment demand and support large ag machinery order books.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-01
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Deere Upgraded to $800 on Expected Ag Market Rebound and Rising Crop Prices”, revision 1, evidence through 2026-09-01. https://marketontology.com/market-events/2026-09-01/deere-upgraded-to-800-on-expected-ag-market-rebound-and-rising-crop-prices-b2e95f

    EQUITY
    Deere Upgraded to $800 on Expected Ag Market Rebound and Rising Crop Prices
    Deere stock advanced 3.90% after analyst Mircea Dobre upgraded the equity and lifted the price target from $640 to $800. The forecast models Deere generating earnings per share of $25 in 2027 and exceeding $30 in 2028. The bullish revision centers on improving farm economics driven by rising corn and soybean prices. Strengthened agricultural commodity pricing is expected to stimulate farmer equipment demand and support large ag machinery order books.
    DE
    Impact
    69
    SEP 1
    SIG
    80%
    DE
    Deere Upgraded to $800 on Expected Ag Market Rebound and Rising Crop Prices
    Deere stock advanced 3.90% after analyst Mircea Dobre upgraded the equity and lifted the price target from $640 to $800. The forecast models Deere generating earnings per share of $25 in 2027 and exceeding $30 in 2028. The bullish revision centers on improving farm economics driven by rising corn and soybean prices. Strengthened agricultural commodity pricing is expected to stimulate farmer equipment demand and support large ag machinery order books.
    → Rising corn and soybean prices boost farmer cash receipts, expanding machinery capital expenditure budgets and lifting Deere's projected EPS toward $25 in 2027.
    Impact
    Deere stock advanced 3.90% after analyst Mircea Dobre upgraded the equity and lifted the price target from $640 to $800. The forecast models Deere generating earnings per share of $25 in 2027 and exceeding $30 in 2028. The bullish revision centers on improving farm economics driven by rising corn and soybean prices. Strengthened agricultural commodity pricing is expected to stimulate farmer equipment demand and support large ag machinery order books.
    Affected
    DE
    Transmission
    Rising corn and soybean prices boost farmer cash receipts, expanding machinery capital expenditure budgets and lifting Deere's projected EPS toward $25 in 2027.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    DEfarm equipment replacement cycle demand expansionUp1-3mDeere stock rallied 3.90% after price target upgrade to $800 on $25 2027 EPS estimate.

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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