Several analysts raise price forecasts Deere & Company (NYSE:DE) Following the second quarter results held Thursday.

The company reported net sales and revenue fell 16% year-on-year to $12.76 billion, up from the consensus estimate of $10.79 billion.

The company expects net revenue in fiscal 25 to be between $4.75 billion and $5.5 billion (the first $5 billion and $5.5 billion).

Raymond James Analyst Tim Thein raised its price forecast from $530 to $560 while maintaining its outperforming market rating.

Also read: Deere's Green Light: Analysts believe despite tax concerns

Analysts revised the model to consolidate exceeding expectations for second-quarter operating results and include about $400 million in tariff-related cost expectations.

Thein notes that the largest segments, production and precision agriculture (PP&A) are expected to experience the minimum direct percentage impact of these tariffs.

This highlights DE's highly vertically integrated structure and procurement approach, which may contribute to its strong relative competitive position in North America, analysts added.

The most surprising aspect of the recent quarter and outlook is the PP&A margin guide for the second half of 2025, analysts said.

The analyst noted that while the approximately $100 million impact of tariff-related costs is a new factor, they acknowledge headwinds associated with the geographical combination (partially attributed to the number in Europe exceeding that in North America), they argue that the implicit marginal assumption of lowering would ultimately prove conservative.

Thein lowered earnings per share for fiscal 25 from $19.80, as profit margin assumptions fell in the second half of the second half of the year, and the positive impact of operating performance in the second quarter far exceeded.

Davisdon's work Analyst Michael Shlisky maintained a buy rating of $542.

Analysts wrote that Deere's production and Precision AG revenue fell 6% from its estimate, improving mixing and causing equipment operating profits to be higher than its forecast.

Analysts added that while the low-end guidance has expanded slightly (in the case of tariff uncertainty, cash flow forecasts remain stable.

Analysts continue to believe that global agriculture is less risky than discretionary sectors, and that DE's strong execution can maintain its leadership.

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