Caterpillar (CAT) Stock Forecast & Price Target

$471.97 +5.43 (+1.16%)

Closing price 09/22/2025 03:58 PM Eastern

Extended Trading

$472.00 +0.03 (+0.01%)

As of 09/22/2025 08:00 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
5

Buy
13

Based on 18 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 18 analysts, 5 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for CAT.

Consensus Price Target

$462.87
-1.93% Downside

According to the 18 analysts' twelve-month price targets for Caterpillar, the average price target is $462.87. The highest price target for CAT is $540.00, while the lowest price target for CAT is $283.00. The average price target represents a forecasted downside of -1.93% from the current price of $471.97.

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 9/23/24 to 9/23/25	1 Month Ago 8/24/24 to 8/24/25	3 Months Ago 6/25/24 to 6/25/25	1 Year Ago 9/24/23 to 9/23/24
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 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	$462.87	$450.87	$380.83	$336.31
Forecasted Upside	-1.93% Downside	3.65% Upside	2.48% Upside	-9.43% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	2.83	2.66	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-1.93% Downside	42.26% Upside	11.32% 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	Action	Rating	Price Target	Report Date Upside/Downside
9/22/2025	Citigroup 3 of 5 stars	Kyle Menges Not Rated	Boost Target		$500.00 ➝ $540.00	+16.01%
9/17/2025	Robert W. Baird 2 of 5 stars	Mircea Dobre 3 of 5 stars	Boost Target	Outperform	$495.00 ➝ $540.00	+20.53%
8/29/2025	Jefferies Financial Group 2 of 5 stars		Reiterated Rating	Buy	$500.00	+19.17%
8/29/2025	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	Lower Target	Outperform	$493.00 ➝ $480.00	+10.31%
8/19/2025	Evercore ISI 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	Upgrade	In-Line ➝ Outperform	$476.00	+15.33%
8/6/2025	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	$475.00 ➝ $520.00	+21.48%
8/6/2025	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	$383.00 ➝ $425.00	-1.76%
8/6/2025	Bank of America 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	Boost Target	Buy	$460.00 ➝ $495.00	+14.18%
8/6/2025	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$414.00 ➝ $507.00	+16.95%
7/22/2025	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Shlisky Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$331.00 ➝ $388.00	-6.38%
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7/14/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
7/9/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rob Wertheimer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy	$500.00	+24.78%
7/9/2025	Melius Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$500.00	+26.83%
5/16/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Fisher Subscribe to MarketBeat All Access for the analyst's 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 firm's recommendation accuracy rating	M. Dobre Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/16/2025	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	Upgrade	Underweight ➝ Equal Weight	$300.00 ➝ $283.00	-3.54%
2/3/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
2/3/2025	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform
4/30/2024	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$330.00 ➝ $360.00	+6.90%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$338.00 ➝ $340.00	+0.52%
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's 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 firm's recommendation accuracy rating		Boost Target	Buy	$357.00 ➝ $408.00	+13.10%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Equal Weight	$290.00 ➝ $325.00	+1.36%
11/8/2023	Tigress Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$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 Tuesday at 01:43 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 Monday, September 22, 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 $410, which may present a buying opportunity for investors looking for value in the industrial sector.
Caterpillar Inc. has a strong return on equity of nearly 49%, indicating effective management and profitability relative to shareholder equity.
The company reported revenue of approximately $16.57 billion in its latest quarter, exceeding analysts' expectations, which reflects strong demand for its products.
With a market capitalization of about $221 billion, Caterpillar Inc. is a major player in the construction and mining equipment industry, providing stability and growth potential.
The stock has shown resilience with a beta of 1.41, suggesting it has the potential for higher returns compared to the market, albeit with increased volatility.

Caterpillar
Bear Case

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

The company recently missed earnings expectations, reporting $4.72 EPS compared to the consensus estimate of $4.88, which may raise concerns about future profitability.
Revenue for the latest quarter was down slightly year-over-year, indicating potential challenges in maintaining growth in a competitive market.
Caterpillar Inc. has a debt-to-equity ratio of 1.50, which suggests a higher level of debt compared to equity, potentially increasing financial risk.
The PEG ratio stands at 2.84, indicating that the stock may be overvalued relative to its earnings growth, which could deter value-focused investors.
Insider selling activity has been noted, with significant shares sold recently, which may signal a lack of confidence in the company's short-term prospects.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $462.87, with a high forecast of $540.00 and a low forecast of $283.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 5 hold ratings, 11 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 -1.93% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 3 upgrades by analysts.
: Caterpillar has been rated by research analysts at Bank of America, Barclays, Citigroup, DA Davidson, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Melius, Melius Research, Oppenheimer, Robert W. Baird, Sanford C. Bernstein, and Truist Financial in the past 90 days.
: Analysts like Caterpillar more than other "industrials" companies. The consensus rating score for Caterpillar is 2.83 while the average consensus rating score for "industrials" companies is 2.66. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 9/23/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target