Deere stock price forecast data signals an upward channel trend

Deere stock price forecast data signals an upward channel trend starting mid-June For the next fiscal year, the consensus earnings estimate of $22.13 indicates a change of +13.1% from what Deere is expected to report a year ago. Over the past month, the estimate has changed -1.1%. The analyst revised the model to incorporate the stronger-than-anticipated second-quarter operating results and the inclusion of approximately $400 million in tariff-related costs anticipated for the second half of the year. Deere stock price forecast models include global weather impact analysis, suggesting favorable conditions could enhance tractor and harvester demand through late 2024.