Caterpillar (CAT) Stock Forecast & Price Target

$904.60 +29.82 (+3.41%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$919.78 +15.17 (+1.68%)

As of 08:48 AM Eastern

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Caterpillar - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 25 Analyst Ratings

Sell
0

Hold
9

Buy
16

Based on 25 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 25 analysts, 9 have given a hold rating, and 16 have given a buy rating for CAT.

Consensus Price Target

$878.91
-2.84% Downside

According to the 25 analysts' twelve-month price targets for Caterpillar, the average price target is $878.91. The highest price target for CAT is $1,165.00, while the lowest price target for CAT is $500.00. The average price target represents a forecasted downside of -2.84% from the current price of $904.60.

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.

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CAT Analyst Ratings Over Time

Type	Current Forecast 5/6/25 to 5/6/26	1 Month Ago 4/6/25 to 4/6/26	3 Months Ago 2/5/25 to 2/5/26	1 Year Ago 5/6/24 to 5/6/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)	8 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$878.91	$737.55	$688.70	$370.67
Forecasted Upside	-2.84% Downside	2.32% Upside	1.55% Upside	15.35% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	2.64	2.44	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-2.84% Downside	193.98% Upside	14.75% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/5/2026	Argus 3 of 5 stars	John Eade Not Rated	Boost Target	Buy	$820.00 ➝ $990.00	+13.18%
5/4/2026	DA Davidson 2 of 5 stars	Michael Shlisky 5 of 5 stars	Boost Target	Neutral	$650.00 ➝ $845.00	-5.07%
5/1/2026	Truist Financial 3 of 5 stars	Jamie Cook 5 of 5 stars	Set Target		$1,043.00	+17.55%
5/1/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kristen Owen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Outperform	$980.00	+10.00%
5/1/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adam Seiden Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$700.00 ➝ $800.00	-10.20%
5/1/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Angel Castillo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Underweight ➝ Equal Weight	$430.00 ➝ $915.00	+2.70%
5/1/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$930.00 ➝ $989.00	+11.11%
5/1/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tami Zakaria Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$860.00 ➝ $1,125.00	+26.28%
5/1/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$900.00 ➝ $1,045.00	+17.30%
5/1/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$790.00 ➝ $900.00	+1.02%

5/1/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chad Dillard Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$769.00 ➝ $879.00	-1.34%
5/1/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jerry Revich Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$960.00 ➝ $1,050.00	+17.86%
5/1/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$940.00 ➝ $1,165.00	+30.77%
5/1/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kyle Menges Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$905.00 ➝ $1,020.00	+14.49%
3/31/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$670.00 ➝ $750.00	+2.55%
3/10/2026	Williams Trading Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Feniger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$825.00	+15.10%
2/6/2026	CICC Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform
2/5/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Helen Fang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$660.00 ➝ $850.00	+22.49%
2/4/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$650.00 ➝ $700.00	-2.40%
2/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Fisher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$677.00	-1.16%
1/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sabahat Khan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$587.00 ➝ $658.00	-0.89%
1/7/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
12/29/2025	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
11/17/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Raso Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$476.00 ➝ $630.00	+14.70%
10/3/2025	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
7/9/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$500.00	+26.83%
2/3/2025	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:41 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 Friday, May 1, 2026. 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 $890, reflecting a significant increase in value over the past year, which may indicate strong market confidence in the company's performance.
Caterpillar Inc. has recently experienced a rally driven by positive earnings reports, leading to increased interest from ETFs tied to the company.
The company has a robust market capitalization of approximately $414.53 billion, suggesting a strong position in the industry and potential for continued growth.
With a price-to-earnings (P/E) ratio of 47.34, investors may see potential for high returns, as this indicates that the stock is priced for growth relative to its earnings.
The company has shown resilience with a current ratio of 1.44, indicating that it has sufficient assets to cover its short-term liabilities, which is a positive sign for financial stability.

Caterpillar
Bear Case

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

Management has warned of significant tariff costs expected in 2026, which could pressure profit margins and offset pricing and volume gains, potentially impacting future earnings.
Insider selling has been notable, with a total of 125,950 shares sold recently, which may raise concerns about the confidence of those within the company regarding its future performance.
The company has a debt-to-equity ratio of 1.44, indicating that it has a relatively high level of debt compared to its equity, which could pose risks if market conditions change.
Despite a strong stock price, the high P/E ratio may also suggest that the stock is overvalued, which could lead to corrections if earnings do not meet investor expectations.
The quick ratio of 0.94 indicates that the company may have less liquidity to cover its immediate liabilities, which could be a concern in times of financial strain.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $878.91, with a high forecast of $1,165.00 and a low forecast of $500.00.
: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There are currently 9 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CAT shares.
: According to analysts, Caterpillar's stock has a predicted downside of -2.84% based on their 12-month stock forecasts.
: Caterpillar has been rated by research analysts at Argus, Bank of America, Barclays, CICC Research, Citigroup, DA Davidson, Daiwa Securities Group, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Robert W. Baird, Sanford C. Bernstein, Truist Financial, Wells Fargo & Company, Williams Trading, and Wolfe Research in the past 90 days.
: Analysts like Caterpillar more than other "industrials" companies. The consensus rating for Caterpillar is Moderate Buy while the average consensus rating for "industrials" companies is Hold. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 5/6/2026 by MarketBeat.com Staff.

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Caterpillar (CAT) Stock Forecast & Price Target

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CAT Analyst Ratings Over Time

CAT Analyst Recommendations By Month

CAT Price Targets by Month

Caterpillar Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Caterpillar Stock? CAT Pros and Cons Explained

Caterpillar
Bull Case

Caterpillar
Bear Case

CAT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Caterpillar Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Caterpillar (CAT) Stock Forecast & Price Target

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CAT Analyst Ratings Over Time

CAT Analyst Recommendations By Month

CAT Price Targets by Month

Caterpillar Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Caterpillar Stock? CAT Pros and Cons Explained

Caterpillar Bull Case

Caterpillar Bear Case

CAT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Caterpillar Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Caterpillar
Bull Case

Caterpillar
Bear Case