Deere & Company (NYSE: DE) is a world-renowned manufacturer of agricultural, construction, and forestry machinery. Deere’s portfolio includes iconic brands like John Deere, Wirtgen, and Kemper. With a global footprint and a commitment to sustainability, Deere & Company continues to shape the future of intelligent industrial equipment.
Key Takeaways:
- We forecast Deere’s stock price to reach $5800 by 2050, indicating substantial growth potential
- Our projections are based on the company’s historical performance, industry trends, and economic factors
- The stock price forecast includes yearly projections from 2024 to 2050, with low, average, and high price estimates
- Deere’s growth is driven by its commitment to innovation, global expansion, and sustainability initiatives
Overview of Deere & Company
Deere & Company was founded in 1837 by John Deere, who revolutionized the agricultural industry with his self-scouring steel plow. Since then, the company has evolved into a global powerhouse, offering a comprehensive range of products and services across the agricultural, construction, and forestry sectors. Deere’s commitment to innovation, quality, and customer satisfaction has been the driving force behind its success for over 180 years.
Deere Company Profile
| Country | United States |
| Ticker Symbol | DE |
| Exchange | NYSE |
| Founded | 1837 |
| IPO Date | 1972 |
| Industry | Heavy Machinery & Vehicles |
| Sector | Industrial Goods |
| Employees | 83,000 |
| CEO | John C. May |
| Market Cap (May 31, 2024) | $103.27 billion |
| Website | deere |
Deere & Company (DE) Balance Sheet Analysis
Deere & Company (NYSE: DE) reported a robust balance sheet for the fiscal year ending October 31, 2023. Total assets stood at $104.09 billion, while total liabilities were $82.20 billion. The company maintained a healthy financial position with total equity of $21.89 billion.
Deere’s strong liquidity position was evident with working capital of $35.31 billion and tangible book value of $16.30 billion. The company’s total debt was $63.69 billion, with net debt of $55.93 billion, reflecting strategic leverage for growth.
Invested capital reached $85.17 billion, highlighting Deere’s commitment to long-term value creation. The company’s balance sheet showcased its financial resilience and robust asset base.
Overall, Deere’s 2023 balance sheet positions the company for continued success in the agricultural and industrial equipment markets, driven by its strategic capital allocation approach.
Balance Sheet Data Source: finance.yahoo
Deere & Company Stock Price History
Deere & Company’s stock had its IPO in the year 1972. The company has undergone four stock splits throughout its storied history. The first split came in 1972, when the company executed a 2-for-1 split on September 22nd. This was followed by another 2-for-1 split in 1976 on September 22nd. In 1995, Deere carried out a 3-for-1 split on November 29th, further increasing the number of outstanding shares.1
The most recent split occurred on December 4, 2007, when the company executed a 2-for-1 split, doubling the number of outstanding shares once again.
As of May 31, 2024, the stock stands at $374.76.
Deere Stock Price Forecast 2024
For the year 2024, we anticipate Deere’s stock price to range between $360 and $410, with an average price of $385. This forecast represents a modest growth of approximately 2.7% compared to the current price of $374.76. The projected growth is driven by the company’s continued focus on innovative product development, operational efficiency, and expanding global footprint.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $320 | $385 | $410 |
Deere Stock Price Forecast 2025
In 2025, we expect Deere’s stock price to exhibit stronger growth, with the low price projected at $395, the average price at $420, and the high price reaching $445. This represents a year-over-year increase of approximately 9.1% compared to 2024. The anticipated growth can be attributed to the company’s strategic investments in sustainable technologies, as well as its commitment to meeting the rising global demand for agricultural and construction equipment.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $395 | $420 | $445 |
Deere Stock Price Forecast 2026
For the year 2026, our forecast suggests that Deere’s stock price will continue its upward trajectory, with the low price estimated at $435, the average price at $460, and the high price reaching $485. This represents a year-over-year growth of approximately 9.5% compared to 2025. The projected growth is driven by the company’s focus on expanding its product portfolio, leveraging digital technologies, and capitalizing on emerging market opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $435 | $460 | $485 |
Deere Stock Price Forecast 2027
In 2027, we anticipate Deere’s stock price to continue its upward momentum, with the low price projected at $480, the average price at $505, and the high price reaching $530. This represents a year-over-year growth of approximately 9.8% compared to 2026. The forecast is supported by the company’s ongoing efforts to enhance operational efficiency, strengthen its supply chain, and expand its presence in strategic markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $480 | $505 | $530 |
Deere Stock Price Forecast 2028
For the year 2028, our projections indicate that Deere’s stock price will continue to rise, with the low price estimated at $530, the average price at $555, and the high price reaching $580. This represents a year-over-year growth of approximately 9.9% compared to 2027. The anticipated growth can be attributed to the company’s commitment to sustainable practices, as well as its focus on developing cutting-edge technologies to meet evolving customer needs.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $530 | $555 | $580 |
Deere Stock Price Forecast 2029
In 2029, we expect Deere’s stock price to exhibit significant growth, with the low price projected at $585, the average price at $610, and the high price reaching $635. This represents a year-over-year increase of approximately 9.9% compared to 2028. The forecast is supported by the company’s strategic acquisitions, partnerships, and its ability to capitalize on emerging market trends and consumer preferences.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $585 | $610 | $635 |
Deere Stock Price Forecast 2030
For the year 2030, our projections suggest that Deere’s stock price will continue its upward trajectory, with the low price estimated at $645, the average price at $670, and the high price reaching $695. This represents a year-over-year growth of approximately 9.8% compared to 2029. The anticipated growth is driven by the company’s focus on innovation, operational excellence, and its commitment to delivering value to shareholders.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $645 | $670 | $695 |
Related: The Boeing Company (BA) Stock Forecast & Price Prediction
Deere Stock Price Forecast 2031
In 2031, we forecast Deere’s stock price to exhibit robust growth, with the low price projected at $710, the average price at $735, and the high price reaching $760. This represents a year-over-year increase of approximately 9.7% compared to 2030. The forecast is supported by the company’s strong brand reputation, global footprint, and its ability to adapt to changing market dynamics.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $710 | $735 | $760 |
Deere Stock Price Forecast 2032
For the year 2032, our projections indicate that Deere’s stock price will continue its upward momentum, with the low price estimated at $785, the average price at $810, and the high price reaching $835. This represents a year-over-year growth of approximately 10.2% compared to 2031. The anticipated growth can be attributed to the company’s focus on emerging technologies, such as precision agriculture and automation, as well as its commitment to sustainability initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $785 | $810 | $835 |
Deere Stock Price Forecast 2033
In 2033, we expect Deere’s stock price to exhibit significant growth, with the low price projected at $865, the average price at $890, and the high price reaching $915. This represents a year-over-year increase of approximately 9.9% compared to 2032. The forecast is supported by the company’s strategic investments in research and development, as well as its ability to capitalize on global market opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $865 | $890 | $915 |
Deere Stock Price Forecast 2034
For the year 2034, our projections suggest that Deere’s stock price will continue its upward trajectory, with the low price estimated at $955, the average price at $980, and the high price reaching $1005. This represents a year-over-year growth of approximately 10.1% compared to 2033. The anticipated growth can be attributed to the company’s focus on expanding its global reach, strategic acquisitions, and its ability to leverage cutting-edge technologies to drive operational efficiencies and meet evolving customer demands.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $955 | $980 | $1005 |
Deere Stock Price Forecast 2035
In 2035, we forecast Deere’s stock price to exhibit robust growth, with the low price projected at $1050, the average price at $1075, and the high price reaching $1100. This represents a year-over-year increase of approximately 9.7% compared to 2034. The forecast is supported by the company’s continued focus on operational excellence, strategic partnerships, and its ability to capitalize on emerging market trends.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $1050 | $1075 | $1100 |
Deere Stock Price Forecast 2036
For the year 2036, our projections indicate that Deere’s stock price will continue its upward momentum, with the low price estimated at $1155, the average price at $1180, and the high price reaching $1205. This represents a year-over-year growth of approximately 9.8% compared to 2035. The anticipated growth can be attributed to the company’s commitment to innovation, sustainable practices, and its ability to adapt to changing customer needs.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $1155 | $1180 | $1205 |
Deere Stock Price Forecast 2037
In 2037, we expect Deere’s stock price to exhibit significant growth, with the low price projected at $1270, the average price at $1295, and the high price reaching $1320. This represents a year-over-year increase of approximately 9.7% compared to 2036. The forecast is supported by the company’s strong brand recognition, global footprint, and its ability to leverage digital technologies to drive operational efficiencies.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1270 | $1295 | $1320 |
Deere Stock Price Forecast 2038
For the year 2038, our projections suggest that Deere’s stock price will continue its upward trajectory, with the low price estimated at $1395, the average price at $1420, and the high price reaching $1445. This represents a year-over-year growth of approximately 9.6% compared to 2037. The anticipated growth is driven by the company’s focus on strategic acquisitions, expanding its product portfolio, and its commitment to delivering value to shareholders.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1395 | $1420 | $1445 |
Deere Stock Price Forecast 2039
In 2039, we forecast Deere’s stock price to exhibit robust growth, with the low price projected at $1535, the average price at $1560, and the high price reaching $1585. This represents a year-over-year increase of approximately 9.9% compared to 2038. The forecast is supported by the company’s strong financial performance, operational excellence, and its ability to capitalize on emerging market opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1535 | $1560 | $1585 |
Deere Stock Price Forecast 2040
For the year 2040, our projections indicate that Deere’s stock price will continue its upward momentum, with the low price estimated at $1685, the average price at $1710, and the high price reaching $1735. This represents a year-over-year growth of approximately 9.6% compared to 2039. The anticipated growth can be attributed to the company’s focus on sustainable practices, technological advancements, and its commitment to meeting the evolving needs of the global agricultural and construction industries.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1685 | $1710 | $1735 |
Deere Stock Price Forecast 2050
In 2050, we project Deere’s stock price to reach remarkable heights, with the low price estimated at $5600, the average price at $5800, and the high price reaching $6000. This represents a substantial increase compared to previous years, driven by the company’s long-term vision, commitment to innovation, and its ability to adapt to the changing global landscape. The forecast is supported by Deere’s strong market position, diverse product portfolio, and its focus on sustainable and socially responsible practices.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $5600 | $5800 | $6000 |
Conclusion
Deere & Company’s stock price forecast for the years 2024 to 2050 presents a promising outlook for investors. Our analysis, based on the company’s historical performance, industry trends, and economic factors, suggests a consistent upward trajectory with significant growth potential. The projected stock prices, ranging from $374.76 in 2024 to an impressive $5800 by 2050, highlight Deere’s commitment to innovation, sustainability, and its ability to navigate the ever-evolving global landscape. As the world continues to demand efficient and technologically advanced agricultural, construction, and forestry solutions, Deere & Company is poised to remain a industry leader, delivering substantial returns for its shareholders.
FAQs
1. What is the future of John Deere stock?
Based on our comprehensive analysis and projections, the future of Deere & Company (NYSE: DE) stock looks promising. Our forecast suggests a consistent upward trajectory, with the stock price expected to reach an impressive $5800 by 2050, starting from the current price of $374.76 as of May 31, 2024. This significant growth is driven by the company’s strong fundamentals, commitment to innovation, sustainability initiatives, and its ability to capitalize on emerging market opportunities.
2. Is Deere a good stock to buy?
Deere & Company’s stock appears to be a compelling investment opportunity, particularly for long-term investors seeking substantial growth potential. The company’s track record of outperforming broader market indices, coupled with its focus on operational excellence, global expansion, and strategic acquisitions, make it an attractive option for investors.
3. Who is the largest shareholder of Deere?
While the identities of individual shareholders may change over time, institutional investors and fund managers typically hold significant stakes in large public companies like Deere & Company. As of the latest available information, some of the largest shareholders of Deere include investment management firms such as Vanguard Group, BlackRock, and State Street Corporation, among others.
4. What is the John Deere 10-year forecast?
Our analysis provides a detailed 10-year forecast for Deere & Company’s stock price, covering the period from 2024 to 2034. According to our projections, the stock price is expected to exhibit substantial growth during this period, with the low price estimated at $955, the average price at $980, and the high price reaching $1005 by 2034. This represents a year-over-year growth of approximately 10.1% compared to 2033.
5. Is Deere a good long-term investment?
Based on our comprehensive analysis, Deere & Company appears to be an attractive long-term investment opportunity. The company’s strong brand reputation, global footprint, and commitment to innovation and sustainability position it well for sustained growth in the agricultural, construction, and forestry sectors.
Additionally, our projections indicate a compound annual growth rate (CAGR) of approximately 10.2% for Deere’s stock price between 2024 and 2050, which is a significant growth rate for a well-established company.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
Source:
