Barclays analyst Adam Seiden maintains $Deere (DE.US)$ with a buy rating, and maintains the target price at $475.
According to TipRanks data, the analyst has a success rate of 63.6% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Deere (DE.US)$'s main analysts recently are as follows:
Deere's FY25 implied EPS guidance of $18-$20, despite not meeting consensus, aligns with buyside expectations and considers the challenges in the global Ag market. The Q4 results and guidance continue to support the perspective that normalized EPS could be in the mid-20s, thus reinforcing bullish convictions.
Following the Q4 earnings, the perceived risks and rewards for Deere are considered balanced, with few surprises observed in the recent quarter and the forthcoming guidance. Despite ongoing challenges as FY25 commences, Deere has effectively positioned itself to meet retail demand amidst rapidly changing market conditions.
Deere's shares are expected to command a premium over the core market valuation as insights into its fiscal conditions solidify. Despite this, there is a possibility that the company's guidance, which is heavily weighted towards the second half of fiscal 2025, might carry some downside risks, rather than potential for outperformance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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