Caterpillar (CAT) Stock Forecast & Price Target

$349.01 -3.56 (-1.01%)

As of 05/20/2025 03:58 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 15 Analyst Ratings

Sell
0

Hold
5

Buy
10

Based on 15 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 15 analysts, 5 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for CAT.

Consensus Price Target

$375.33
7.54% Upside

According to the 15 analysts' twelve-month price targets for Caterpillar, the average price target is $375.33. The highest price target for CAT is $475.00, while the lowest price target for CAT is $283.00. The average price target represents a forecasted upside of 7.54% from the current price of $349.01.

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CAT Analyst Ratings Over Time

Type	Current Forecast 5/21/24 to 5/21/25	1 Month Ago 4/21/24 to 4/21/25	3 Months Ago 2/21/24 to 2/20/25	1 Year Ago 5/22/23 to 5/21/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$375.33	$359.36	$383.80	$323.35
Forecasted Upside	7.54% Upside	26.40% Upside	10.02% Upside	-9.97% Downside
Consensus Rating	Moderate Buy	Hold	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	2.73	2.65	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.54% Upside	108.31% Upside	13.03% 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
5/19/2025	Evercore ISI 2 of 5 stars	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 3 of 5 stars	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 0 of 5 stars	M. Dobre Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/13/2025	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	Upgrade	Neutral ➝ Outperform	$309.00 ➝ $395.00	+15.31%
5/5/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$320.00 ➝ $370.00	+14.54%
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%
5/1/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$389.00 ➝ $396.00	+25.00%
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%
4/14/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tami Zakaria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$490.00 ➝ $380.00	+27.84%
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2/3/2025	Raymond James 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
1/31/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Feniger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$452.00 ➝ $414.00	+10.75%
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 Wednesday at 01:37 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, May 15, 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 $375, reflecting a strong market position and investor confidence in Caterpillar Inc.'s growth potential.
Caterpillar Inc. has a solid dividend yield of approximately 1.60%, providing investors with a reliable income stream from their investments.
The company has a low dividend payout ratio of 27.49%, indicating that it retains a significant portion of its earnings for reinvestment, which can support future growth.
Recent upgrades from multiple brokerages, including an "outperform" rating and increased price targets, suggest positive sentiment and potential for stock appreciation.
Caterpillar Inc. operates in diverse sectors, manufacturing construction and mining equipment, which positions it well to benefit from infrastructure investments globally.

Caterpillar
Bear Case

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

Some analysts have lowered their price targets, indicating potential concerns about future performance and market conditions affecting Caterpillar Inc.
The company faces competition in the construction and mining equipment sectors, which could impact its market share and profitability.
Economic fluctuations and uncertainties in global markets may affect demand for Caterpillar Inc.'s products, leading to revenue volatility.
With a consensus rating of "Moderate Buy," there may be a lack of overwhelming bullish sentiment among analysts, suggesting caution for potential investors.
Investors should consider the cyclical nature of the construction industry, which can lead to periods of reduced demand and impact Caterpillar Inc.'s financial performance.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $375.33, with a high forecast of $475.00 and a low forecast of $283.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating 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 upside of 7.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 7 upgrades by analysts.
: Caterpillar has been rated by research analysts at Baird R W, Citigroup, DA Davidson, Evercore ISI, JPMorgan Chase & Co., 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 2.73 while the average consensus rating score for "industrials" companies is 2.65. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 5/21/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target