On August 21, Deere rose 3.33% in regular trading, trading at approximately $641.64 per share, with turnover of $6.44 billion. The stock extended gains following a fiscal Q3 earnings report that significantly exceeded market expectations, compounded by multiple investment banks raising their price targets.

The company reported fiscal Q3 net sales of $12.608 billion, far surpassing the FactSet consensus estimate of $10.81 billion by approximately 17%. Earnings per share came in at $5.10, beating the $4.70 estimate by roughly 8.5%. Management simultaneously raised full-year net income guidance to $4.75-$5.0 billion, above the prior range floor of $4.5 billion. Following the results, BofA Securities raised its price target to $667 from $607.50, while Daiwa Securities lifted its target to $705 from $610, maintaining an Outperform rating. Early order commentary also supports the company's view that fiscal 2026 represents the bottom of the agricultural equipment cycle, though UBS noted that fiscal Q4 segment guidance fell short of consensus, and the recovery trajectory may be constrained.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)