Deere & Co., US2441991054

Bernstein reaffirms Hold for Deere stock at USD 580.00 target

Published on 10/02/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deere stock costs EUR 595.20 versus EUR 593.00 on October 2, 2026. Fiscal Q3 revenue rose 6.2 percent year over year to USD 12.61 billion.

Schwarzweiß-Reportagefoto eines Trailläufers im Regen auf Bergpfad — Deckers Outdoor Corp. Athlet läuft im starken Regen auf Bergpfad dokumentarisches Schwarzweiß-Foto US2441991054, Illustration mit AI erstellt.

Deere & Co. (ISIN US2441991054) was trading at EUR 595.20 at Lang & Schwarz on October 2, 2026 at 1:37 p.m. CEST, up 0.37 percent from the EUR 593.00 prior close. The latest analyst action came from Bernstein: as Markets Insider reported on September 29, 2026, analyst Chad Dillard maintained a Hold rating and set a USD 580.00 price target.

Bernstein holds its USD 580 target

The target sits below the latest U.S. market quotation cited in the report, while the broader analyst picture is more constructive. MarketBeat wrote on October 1, 2026, that 17 of 25 analysts rated Deere a Buy and eight recommended Hold, with an average 12-month target of USD 686.10.

That split matters because the company has already delivered a strong comparison against expectations. The current analyst debate is less about the latest quarter and more about how durable equipment demand will be across the next cycle.

Fiscal Q3 revenue rose 6.2 percent

For the fiscal third quarter ended August 2, 2026, Deere reported USD 12.61 billion in revenue and USD 5.10 in earnings per share, versus a USD 4.69 consensus estimate. MarketBeat said revenue increased 6.2 percent from the same quarter a year earlier, while the prior-year earnings per share figure was USD 4.75.

The earnings comparison gives the stock a quantified operating base beneath the rating debate. Deere's fiscal third-quarter net income was USD 1.38 billion, compared with USD 1.29 billion in the year-earlier quarter, according to Markets Insider.

Stock remains below its yearly high

Deere's market capitalization was USD 180.1 billion as of October 1, 2026, while its USD 433.00 to USD 721.22 52-week range leaves the Lang & Schwarz euro quote closer to the upper end of the recent trading picture. The company is classified in Industrials and Agricultural - Machinery and is a member of the S&P 500.

The next earnings date is listed as November 25, 2026. That date places the next major company-specific test after the fiscal third-quarter beat and gives the market a defined point for reassessing demand, margins and analyst targets.

EUR 595.20 in trading

Deere & Co. was trading at EUR 595.20 at Lang & Schwarz on October 2, 2026 at 1:37 p.m. CEST, plus 0.37 percent versus the EUR 593.00 prior close at Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of Deere stock.