4 Analysts Have This to Say About Deere
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have published their opinions on Deere & Company (NYSE:DE), with 1 giving a bullish rating and 3 remaining indifferent. The average price target is $421.25, which is higher than the current price of $369, suggesting an implied upside. However, this target has decreased by 8.82% from the previous target of $462.00. Analyst ratings are based on company data, financial statements, and insider information, and are intended to predict stock performance.
November 27, 2023 | 5:00 pm
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POSITIVE IMPACT
Deere & Company received 1 bullish and 3 indifferent ratings from analysts, with an average price target of $421.25, indicating a potential upside from the current price of $369. The price target has been revised down by 8.82% from $462.00.
The average price target suggests analysts believe the stock has upside potential, which could lead to a positive short-term impact on DE's stock price. However, the recent decrease in the target price may temper investor expectations. The confidence level is not at the maximum due to the inherent uncertainty in analyst predictions and the mixed ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100