Caterpillar (CAT) Stock Forecast & Price Target

$405.73 -2.60 (-0.64%)

Closing price 07/11/2025 03:59 PM Eastern

Extended Trading

$405.46 -0.27 (-0.07%)

As of 07/11/2025 07:54 PM Eastern

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
5

Buy
12

Based on 17 Wall Street analysts who have issued ratings for Caterpillar in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 5 have given a hold rating, 10 have given a buy rating, and 2 have given a strong buy rating for CAT.

Consensus Price Target

$404.64
-0.27% Downside

According to the 17 analysts' twelve-month price targets for Caterpillar, the average price target is $404.64. The highest price target for CAT is $500.00, while the lowest price target for CAT is $283.00. The average price target represents a forecasted downside of -0.27% from the current price of $405.73.

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CAT Analyst Ratings Over Time

Type	Current Forecast 7/14/24 to 7/14/25	1 Month Ago 6/14/24 to 6/14/25	3 Months Ago 4/15/24 to 4/15/25	1 Year Ago 7/15/23 to 7/14/24
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$404.64	$372.92	$365.87	$329.63
Forecasted Upside	-0.27% Downside	4.52% Upside	24.71% Upside	-1.78% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

CAT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CAT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Caterpillar Stock vs. The Competition

Type	Caterpillar	Industrials Companies	S&P 500
Consensus Rating Score	2.82	2.67	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.27% Downside	38.50% Upside	10.52% Upside
News Sentiment Rating	Positive News See Recent CAT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/10/2025	JPMorgan Chase & Co. 2 of 5 stars	Tami Zakaria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$395.00 ➝ $475.00	+16.19%
7/9/2025	Melius Research 0 of 5 stars	Rob Wertheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy	$500.00	+24.78%
6/24/2025	Citigroup 3 of 5 stars	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$370.00 ➝ $420.00	+12.77%
6/23/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$396.00 ➝ $414.00	+14.63%
6/20/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mircea Dobre Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$395.00 ➝ $422.00	+16.11%
5/30/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$335.00 ➝ $385.00	+9.46%
5/19/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$375.00 ➝ $373.00	+5.49%
5/16/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$272.00 ➝ $357.00	+2.14%
5/13/2025	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dobre Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/5/2025	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$325.00 ➝ $331.00	+1.62%
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5/1/2025	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kristen Owen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$395.00	+27.67%
4/16/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Angel Castillo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$300.00 ➝ $283.00	-3.54%
2/3/2025	Raymond James Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
2/3/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Outperform
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$455.00 ➝ $475.00	+20.26%
8/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$315.00 ➝ $335.00	+1.78%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$330.00 ➝ $360.00	+6.90%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$338.00 ➝ $340.00	+0.52%
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$293.00 ➝ $350.00	+3.48%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$357.00 ➝ $408.00	+13.10%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$290.00 ➝ $325.00	+1.36%
12/21/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$216.00 ➝ $245.00	-14.86%
11/8/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$282.00 ➝ $295.00	+24.88%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$279.00 ➝ $334.00	+15.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:07 AM ET.

Should I Buy Caterpillar Stock? CAT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, July 10, 2025. Please send any questions or comments about these Caterpillar pros and cons to contact@marketbeat.com.

Caterpillar
Bull Case

Here are some ways that investors could benefit from investing in Caterpillar Inc.:

The current stock price is around $408, reflecting a strong performance in the market and indicating investor confidence.
Recent upgrades from multiple analysts, including a boost to a "strong-buy" rating, suggest positive future growth potential for the company.
Caterpillar Inc. has announced an increase in its quarterly dividend to $1.51, which enhances the return for shareholders and indicates financial health.
The company has a solid return on equity of 53.77%, showcasing its efficiency in generating profits from shareholders' equity.
Despite a recent decline in revenue, analysts forecast a rebound with an expected earnings per share of 19.86 for the current fiscal year, indicating potential recovery and growth.

Caterpillar
Bear Case

Investors should be bearish about investing in Caterpillar Inc. for these reasons:

The company reported a revenue decline of 9.8% year-over-year, which may raise concerns about its market position and demand for its products.
Despite positive analyst ratings, the stock has a relatively high price-to-earnings ratio of 19.89, which could suggest that it is overvalued compared to its earnings.
The current ratio of 1.32 indicates that while the company can cover its short-term liabilities, it is not significantly above the ideal level, which could be a concern for liquidity.
With a debt-to-equity ratio of 1.43, Caterpillar Inc. has a considerable amount of debt compared to its equity, which may pose risks in times of economic downturns.
Market volatility, as indicated by a beta of 1.38, suggests that the stock may experience larger fluctuations compared to the overall market, which could be a risk for conservative investors.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $404.64, with a high forecast of $500.00 and a low forecast of $283.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 5 hold ratings, 10 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CAT shares.
: According to analysts, Caterpillar's stock has a predicted downside of -0.27% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 9 upgrades by analysts.
: Caterpillar has been rated by research analysts at Baird R W, Bank of America, Citigroup, DA Davidson, Evercore ISI, JPMorgan Chase & Co., Melius, Melius Research, Morgan Stanley, Oppenheimer, Robert W. Baird, Truist Financial, and UBS Group in the past 90 days.
: Analysts like Caterpillar more than other "industrials" companies. The consensus rating score for Caterpillar is 2.82 while the average consensus rating score for "industrials" companies is 2.67. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 7/14/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target