---
title: "Weekly Recap | Deere +6.34%, beats and raises guidance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296667850.md"
description: "Deere gained 6.34% this week, closing at $647.47 and outperforming the S&P 500 by roughly 7.77 percentage points. The stock carved out a sharp V-shaped recovery across a 12.36% trading range. Selling pressure early in the week pushed the price to a low of $579.31 by Wednesday, before a powerful earnings-driven rally on Thursday and Friday sent it to an intraday high of $654.28 — just shy of record territory."
datetime: "2026-08-22T04:52:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296667850.md)
  - [en](https://longbridge.com/en/news/296667850.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296667850.md)
generator: "portal-rs"
---

# Weekly Recap | Deere +6.34%, beats and raises guidance

## The Week

Deere gained 6.34% this week, closing at $647.47 and outperforming the S&P 500 by roughly 7.77 percentage points. The stock carved out a sharp V-shaped recovery across a 12.36% trading range. Selling pressure early in the week pushed the price to a low of $579.31 by Wednesday, before a powerful earnings-driven rally on Thursday and Friday sent it to an intraday high of $654.28 — just shy of record territory. Weekly volume ran over 65% above the median, signalling heavy institutional participation.

## Key Events

The week revolved around Deere’s fiscal Q3 results, released before Thursday’s open. Net income rose 7% year-on-year to $1.38 billion, while net sales climbed 6% to $11 billion, snapping a multi-quarter streak of declines. The Construction & Forestry segment stood out as the main growth engine, and management raised the lower end of its full-year 2026 net income guidance. On the earnings call, executives flagged data-centre construction as a structural demand driver for the construction equipment business. The stock surged 6.9% on Thursday and added another 4% on Friday, briefly making it the best performer in the S&P 500 for the day.

## Analyst Ratings

Deere is covered by 24 analysts: 8 rate it buy, 5 overweight, and 11 hold, with no underweight or sell ratings. The consensus recommendation is ‘buy’, and the consensus target price sits at $661.03, implying roughly 2.1% upside from the current level. Individual targets range from $500 to $804, reflecting a wide divide between those focused on the agricultural cycle and those betting on construction demand. Deere ranks first among 11 peers in the agricultural machinery industry based on analyst ratings.

## The Week Ahead

On the macro front, Tuesday brings US consumer confidence, new home sales, and the Case Shiller home price index — housing-related data points that can colour expectations for construction equipment demand. On the company side, Deere’s fiscal Q4 results are scheduled for 25 November, with consensus estimates currently at roughly $4.14 in EPS and $10.5 billion in revenue. Any management commentary on the data-centre pipeline will be a key signal to watch.

## In Short

Deere broke a run of negative sentiment this week with a beat-and-raise quarter that introduced data-centre demand as a fresh narrative. The analyst community leans positive, though the wide target-price spread suggests the market is still wrestling with the timing of an agricultural recovery. At ~35.9x trailing earnings and ~6.25x book, the stock is not cheap, so the durability of this rally likely hinges on whether data-centre orders translate into sustained revenue and whether farm fundamentals begin to stabilise.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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- [Deere Analysts Increase Their Forecasts After Strong Q2 Results](https://longbridge.com/en/news/296627899.md)
- [BUZZ-Street View: Deere finds room to grow in tough soil](https://longbridge.com/en/news/296585217.md)
- [Earnings To Watch: Deere (DE) Reports Q2 Results Tomorrow](https://longbridge.com/en/news/296295090.md)
- [Machinery Stock Eyes Best Day Since February After Earnings](https://longbridge.com/en/news/296511690.md)
- [Texas Capital Bank Wealth Management Services Inc Invests $20.55 Million in Deere & Company $DE](https://longbridge.com/en/news/296213748.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**