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Caterpillar (CAT) Stock Forecast & Price Target

$338.96
-5.21 (-1.51%)
(As of 02:27 PM ET)

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2024)

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

Based on 18 Wall Street analysts who have issued ratings for Caterpillar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 1 has given a sell rating, 9 have given a hold rating, and 8 have given a buy rating for CAT.

Consensus Price Target

$329.63
-2.75% Downside
High Forecast$435.00
Average Forecast$329.63
Low Forecast$245.00

According to the 18 analysts' twelve-month price targets for Caterpillar, the average price target is $329.63. The highest price target for CAT is $435.00, while the lowest price target for CAT is $245.00. The average price target represents a forecasted downside of -2.75% from the current price of $338.96.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$329.63$327.13$307.56$241.47
Forecasted Upside-2.75% Downside4.00% Upside2.86% Upside6.11% Upside
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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.
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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.
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Caterpillar Stock vs. The Competition

TypeCaterpillarIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.39
2.54
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-4.23% Downside38.52% Upside9.74% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024Raymond James
4 of 5 stars
 Initiated CoverageMarket Perform
6/26/2024Citigroup
3 of 5 stars
T. Thein
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Initiated CoverageHold ➝ Buy$380.00+16.06%
4/30/2024HSBC
2 of 5 stars
 Boost TargetHold ➝ Hold$330.00 ➝ $360.00+6.90%
4/26/2024TD Cowen
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 Boost TargetBuy ➝ Buy$338.00 ➝ $340.00+0.52%
4/26/2024Stifel Nicolaus
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 DowngradeBuy ➝ Hold$293.00 ➝ $350.00+3.48%
4/18/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
4/16/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$357.00 ➝ $408.00+13.10%
4/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$385.00 ➝ $435.00+20.58%
3/14/2024Truist Financial
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 Initiated CoverageBuy$390.00+14.21%
2/20/2024Evercore ISI
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 DowngradeOutperform ➝ In-Line$321.00 ➝ $338.00+5.00%
2/6/2024Robert W. Baird
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 Boost TargetUnderperform ➝ Underperform$210.00 ➝ $257.00-19.96%
2/6/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$290.00 ➝ $325.00+1.36%
1/8/2024Morgan Stanley
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 Initiated CoverageEqual Weight$270.00-6.55%
12/21/2023Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$216.00 ➝ $245.00-14.86%
11/8/2023Tigress Financial
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 Boost TargetBuy ➝ Buy$282.00 ➝ $295.00+24.88%
10/11/2023Bank of America
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 Lower Target$323.00 ➝ $297.00+8.71%
8/2/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$279.00 ➝ $334.00+15.76%
8/2/2023Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$225.00 ➝ $250.00-13.36%
6/21/2023DA Davidson
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M. Shlisky
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Initiated CoverageNeutral$263.00+8.91%
4/28/2023UBS Group
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 Lower Target$210.00 ➝ $208.00-2.95%
4/12/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHold$228.00 ➝ $225.00+1.99%
2/7/2023BMO Capital Markets
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 Boost Target$210.00 ➝ $230.00-7.53%
1/31/2023William Blair
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L. De. Maria
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Reiterated RatingMarket Perform
12/9/2022Cowen
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 Boost TargetOutperform$240.00 ➝ $264.00+14.60%
11/1/2022Daiwa Capital Markets
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 Boost Target$205.00-6.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:44 PM ET.

CAT Forecast - Frequently Asked Questions

What is Caterpillar's forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $329.63, with a high forecast of $435.00 and a low forecast of $245.00.

Should I buy or sell Caterpillar stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There is currently 1 sell rating, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CAT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAT, but not buy additional shares or sell existing shares.

Does Caterpillar's stock price have much upside?

According to analysts, Caterpillar's stock has a predicted upside of 4.68% based on their 12-month stock forecasts.

Has Caterpillar been downgraded by Wall Street analysts recently?

Over the previous 90 days, Caterpillar's stock had 1 downgrade by analysts.

What analysts cover Caterpillar?

Caterpillar has been rated by research analysts at Citigroup, HSBC, Raymond James, Stifel Nicolaus, and TD Cowen in the past 90 days.

Do Wall Street analysts like Caterpillar more than its competitors?

Analysts like Caterpillar less than other "industrial products" companies. The consensus rating for Caterpillar is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how CAT compares to other companies.


This page (NYSE:CAT) was last updated on 7/24/2024 by MarketBeat.com Staff

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