Deere & Company Price Target Lowered by Robert W. Baird

Analysts cut the price target for the industrial equipment manufacturer amid market uncertainty.

Apr. 5, 2026 at 5:52am

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Deere & Company (NYSE:DE) had its price target lowered by investment firm Robert W. Baird from $675.00 to $580.00 in a research report published on Thursday. The firm maintained a 'neutral' rating on the stock, citing market conditions and economic headwinds facing the industrial products company.

Why it matters

Deere & Company is a bellwether for the agriculture and construction equipment industries, so changes to its stock price target can signal broader market trends and investor sentiment around the company's performance and outlook.

The details

The price target cut comes after Deere reported its latest quarterly earnings results, which topped analyst estimates but still showed a year-over-year decline in profits. Baird analysts noted ongoing challenges facing the company, including supply chain disruptions and macroeconomic uncertainty, that could weigh on Deere's financial results in the near term.

  • Deere & Company reported its Q1 2026 earnings on February 19, 2026.
  • Baird published its updated research report and price target on April 5, 2026.

The players

Deere & Company

A global manufacturer of agricultural, construction, and forestry equipment, as well as turf care products, headquartered in Moline, Illinois.

Robert W. Baird

An investment firm that provides equity research coverage on Deere & Company and other industrial stocks.

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What’s next

Investors will be closely watching Deere's upcoming quarterly results and management commentary for signs of how the company is navigating current market challenges.

The takeaway

Deere's lowered price target reflects broader uncertainty in the industrial equipment sector, but the company's long-term prospects remain tied to global demand for agricultural and construction machinery.