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Caterpillar (CAT) Stock Forecast & Price Target

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$499.69 +8.39 (+1.71%)
As of 11:45 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

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

Consensus Rating

Sell
0
Hold
5
Buy
15

Based on 20 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 20 analysts, 5 have given a hold rating, 13 have given a buy rating, and 2 have given a strong buy rating for CAT.

Consensus Price Target

$488.13
-2.31% Downside
According to the 20 analysts' twelve-month price targets for Caterpillar, the average price target is $488.13. The highest price target for CAT is $582.00, while the lowest price target for CAT is $283.00. The average price target represents a forecasted downside of -2.31% from the current price of $499.69.
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

TypeCurrent Forecast
10/13/24 to 10/13/25
1 Month Ago
9/13/24 to 9/13/25
3 Months Ago
7/15/24 to 7/15/25
1 Year Ago
10/14/23 to 10/13/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
7 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$488.13$457.20$406.47$347.56
Forecasted Upside-2.31% Downside6.06% Upside0.39% Upside-13.55% Downside
Consensus RatingModerate BuyModerate BuyModerate BuyHold

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

TypeCaterpillarIndustrials CompaniesS&P 500
Consensus Rating Score
2.85
2.46
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-2.74% Downside163.56% Upside177.78% Upside
News Sentiment Rating
Positive News

See Recent CAT News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/13/2025UBS Group
4 of 5 stars
Steven Fisher
Not Rated
Boost TargetNeutral$450.00 ➝ $506.00+0.40%
10/8/2025Truist Financial
3 of 5 stars
Jamie Cook
Not Rated
Boost TargetBuy$507.00 ➝ $582.00+19.54%
10/8/2025Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy$500.00 ➝ $570.00+12.65%
10/7/2025Citigroup
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Boost TargetBuy$540.00 ➝ $570.00+15.97%
10/3/2025Erste Group Bank
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 UpgradeHoldBuy
9/29/2025Oppenheimer
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Boost TargetOutperform$480.00 ➝ $513.00+9.46%
9/27/2025Weiss Ratings
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 Reiterated RatingBuy (B-)
9/22/2025Bank of America
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Boost TargetBuy$495.00 ➝ $517.00+8.65%
9/17/2025Robert W. Baird
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Boost TargetOutperform$495.00 ➝ $540.00+20.53%
8/19/2025Evercore ISI
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UpgradeIn-LineOutperform$476.00+15.33%
8/6/2025JPMorgan Chase & Co.
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Boost TargetOverweight$475.00 ➝ $520.00+21.48%
8/6/2025Barclays
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Boost TargetEqual Weight$383.00 ➝ $425.00-1.76%
7/22/2025DA Davidson
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Boost TargetNeutral$331.00 ➝ $388.00-6.38%
7/14/2025Sanford C. Bernstein
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 Reiterated RatingMarket Perform
7/9/2025Melius Research
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UpgradeHoldStrong-Buy$500.00+24.78%
7/9/2025Melius
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 UpgradeHoldBuy$500.00+26.83%
5/13/2025Baird R W
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UpgradeHoldStrong-Buy
4/16/2025Morgan Stanley
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UpgradeUnderweightEqual Weight$300.00 ➝ $283.00-3.54%
2/3/2025Raymond James Financial
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 UpgradeMarket PerformOutperform
2/3/2025Wedbush
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 UpgradeOutperform
4/30/2024HSBC
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 Boost TargetHold$330.00 ➝ $360.00+6.90%
4/26/2024TD Cowen
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 Boost TargetBuy$338.00 ➝ $340.00+0.52%
4/26/2024Stifel Nicolaus
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 DowngradeBuyHold$293.00 ➝ $350.00+3.48%
4/16/2024The Goldman Sachs Group
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 Boost TargetBuy$357.00 ➝ $408.00+13.10%
2/6/2024Wells Fargo & Company
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 Boost TargetEqual Weight$290.00 ➝ $325.00+1.36%
11/8/2023Tigress Financial
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 Boost TargetBuy$282.00 ➝ $295.00+24.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:45 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 Sunday, October 12, 2025. Please send any questions or comments about these Caterpillar pros and cons to contact@marketbeat.com.

Caterpillar
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $491.67, reflecting strong market interest and potential for growth.
  • Caterpillar Inc. has a solid dividend yield of 1.2%, providing investors with a steady income stream.
  • Analysts have a consensus rating of "Moderate Buy," indicating positive sentiment and potential for price appreciation.
  • Recent analyst upgrades have increased target prices significantly, suggesting confidence in the company's future performance.
  • The company has a manageable dividend payout ratio of 30.72%, indicating a healthy balance between returning profits to shareholders and reinvesting in growth.

Caterpillar
Bear Case

red Wall Street bear icon

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

  • Insider selling has been observed, with significant shares sold recently, which may raise concerns about the company's future prospects.
  • The stock has experienced fluctuations, with a recent decline of about 1.7%, indicating potential volatility.
  • The company's debt-to-equity ratio is 1.50, suggesting a higher level of debt compared to equity, which could pose risks in economic downturns.
  • Despite positive analyst ratings, the average target price is lower than the current stock price, indicating potential overvaluation.
  • Market conditions can be unpredictable, and Caterpillar Inc. operates in a cyclical industry, which may affect its performance during economic slowdowns.

CAT Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $488.13, with a high forecast of $582.00 and a low forecast of $283.00.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 5 hold ratings, 13 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CAT shares.

According to analysts, Caterpillar's stock has a predicted downside of -2.31% based on their 12-month stock forecasts.

Over the previous 90 days, Caterpillar's stock had 2 upgrades by analysts.

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.


This page (NYSE:CAT) was last updated on 10/13/2025 by MarketBeat.com Staff
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