Caterpillar (CAT) Stock Forecast & Price Target

Q: What analysts cover Caterpillar?

Caterpillar has been rated by research analysts at Argus , Bank of America , Barclays , Citigroup , DA Davidson , Daiwa Securities Group , Evercore , HSBC , Jefferies Financial Group , JPMorgan Chase & Co. , Morgan Stanley , Oppenheimer , Robert W. Baird , Rothschild & Co Redburn , Sanford C. Bernstein , Truist Financial , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$969.70 +6.17 (+0.64%)

As of 04:00 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
0

Hold
9

Buy
17

Based on 26 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 26 analysts, 9 have given a hold rating, 16 have given a buy rating, and 1 has given a strong buy rating for CAT.

Consensus Price Target

$949.41
-2.08% Downside

According to the 26 analysts' twelve-month price targets for Caterpillar, the average price target is $949.41. The highest price target for CAT is $1,218.00, while the lowest price target for CAT is $500.00. The average price target represents a forecasted downside of -2.08% from the current price of $969.57.

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 7/6/25 to 7/6/26	1 Month Ago 6/6/25 to 6/6/26	3 Months Ago 4/7/25 to 4/7/26	1 Year Ago 7/6/24 to 7/6/25
Strong Buy	1 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)	16 Buy rating(s)	9 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$949.41	$933.27	$737.55	$380.83
Forecasted Upside	-2.08% Downside	3.14% Upside	1.96% Upside	-4.63% Downside
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	Broader Market
Consensus Rating Score	2.69	2.44	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-1.66% Downside	310.86% Upside	13.30% 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
7/2/2026	Truist Financial 3 of 5 stars	Jamie Cook 5 of 5 stars	Boost Target	Buy	$1,043.00 ➝ $1,218.00	+22.63%
6/26/2026	Robert W. Baird 3 of 5 stars		Boost Target	Outperform	$1,165.00 ➝ $1,200.00	+16.66%
6/23/2026	Wells Fargo & Company 3 of 5 stars	Jerry Revich Not Rated	Boost Target	Overweight	$1,050.00 ➝ $1,155.00	+13.20%
6/17/2026	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	$1,125.00 ➝ $1,165.00	+21.34%
6/8/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
6/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$900.00	+3.93%
5/14/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$700.00 ➝ $950.00	+4.24%
5/11/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$1,103.00	+22.19%
5/8/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B-)
5/5/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$850.00 ➝ $1,100.00	+21.60%
Get the Latest News and Ratings for CAT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Caterpillar and its competitors with MarketBeat's FREE daily newsletter.
5/5/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Eade Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$820.00 ➝ $990.00	+13.18%
5/4/2026	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	$650.00 ➝ $845.00	-5.07%
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	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	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
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
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 Monday at 04:00 PM 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, July 5, 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 company recently reported strong earnings, with earnings per share significantly exceeding analyst expectations, indicating robust financial health and operational efficiency.
Caterpillar Inc. has demonstrated impressive revenue growth, with a year-over-year increase of over 22%, showcasing its ability to expand in a competitive market.
The current stock price is around $915, reflecting a strong market position and investor confidence in the company's future performance.
The firm has a high return on equity, suggesting effective management and a strong ability to generate profits from shareholders' investments.
Caterpillar Inc. has recently increased its dividend, which signals financial strength and a commitment to returning value to shareholders, making it attractive for income-focused investors.

Caterpillar
Bear Case

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

The company has a relatively high debt-to-equity ratio, which may indicate increased financial risk, especially in volatile market conditions.
Insider selling activity has been notable, with significant shares sold recently, which could raise concerns about the company's future prospects from those who are most familiar with its operations.
The stock has experienced fluctuations, with a 1-year high and low indicating potential volatility, which may deter risk-averse investors.
The current dividend yield is relatively low, which might not attract investors looking for high income from dividends.
Market conditions can impact the construction and mining sectors significantly, and any downturn could adversely affect Caterpillar Inc.'s performance.

CAT Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $949.41, with a high forecast of $1,218.00 and a low forecast of $500.00.

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 9 hold ratings, 16 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 downside of -2.08% based on their 12-month stock forecasts.

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

Caterpillar has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, DA Davidson, Daiwa Securities Group, Evercore, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Robert W. Baird, Rothschild & Co Redburn, Sanford C. Bernstein, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks 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 7/6/2026 by MarketBeat.com Staff.

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Caterpillar (CAT) Stock Forecast & Price Target