Caterpillar (CAT) Stock Forecast & Price Target

$909.25 +29.36 (+3.34%)

As of 05/26/2026 03:58 PM Eastern

Compare

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

$923.14
1.53% Upside

According to the 25 analysts' twelve-month price targets for Caterpillar, the average price target is $923.14. 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 upside of 1.53% from the current price of $909.25.

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.

Get the Latest News and Ratings for CAT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Caterpillar and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CAT Analyst Ratings Over Time

Type	Current Forecast 5/27/25 to 5/27/26	1 Month Ago 4/27/25 to 4/27/26	3 Months Ago 2/26/25 to 2/26/26	1 Year Ago 5/27/24 to 5/27/25
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)	16 Buy rating(s)	9 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$923.14	$767.77	$712.52	$375.33
Forecasted Upside	1.53% Upside	-7.48% Downside	-5.35% Downside	6.82% 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	Broader Market
Consensus Rating Score	2.64	2.44	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.53% Upside	214.46% Upside	15.02% 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
5/14/2026	Rothschild & Co Redburn 4 of 5 stars		Boost Target	Neutral	$700.00 ➝ $950.00	+4.24%
5/11/2026	Evercore 3 of 5 stars		Reiterated Rating	Outperform	$1,103.00	+22.19%
5/8/2026	Weiss Ratings Not Rated		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%
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	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	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%
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.
5/1/2026	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
2/2/2026	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
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 02:29 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 21, 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 $862, reflecting strong market interest and potential for growth.
Recent earnings reports showed Caterpillar Inc. exceeding consensus estimates, indicating robust financial health and operational efficiency.
Analysts have a consensus rating of "Moderate Buy," with multiple firms raising their target prices, suggesting confidence in the company's future performance.
Caterpillar Inc. has a strong dividend payout ratio, providing a steady income stream for investors, which is appealing in uncertain market conditions.
The company operates in diverse sectors, including construction and mining, which can mitigate risks associated with economic downturns in specific industries.

Caterpillar
Bear Case

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

Ongoing supply chain and trade concerns could impact production and profitability, creating uncertainty for investors.
Recent market volatility has seen Caterpillar Inc. among the Dow components contributing to index losses, indicating potential short-term selling pressure.
The company's high P/E ratio suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Debt levels are relatively high, which may pose risks if interest rates rise or if the company faces cash flow challenges.
Market sentiment can shift quickly, and negative news or economic indicators could lead to rapid declines in stock price.

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 $923.14, with a high forecast of $1,165.00 and a low forecast of $500.00.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 9 hold ratings and 16 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 upside of 1.53% based on their 12-month stock forecasts.

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, Weiss Ratings, 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.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Caterpillar Recommendations

This page (NYSE:CAT) was last updated on 5/27/2026 by MarketBeat.com Staff.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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

What is Caterpillar's forecast for 2026?

Should I buy or sell Caterpillar stock right now?

Does Caterpillar's stock price have much upside?

What analysts cover Caterpillar?

Do Wall Street analysts like Caterpillar more than its competitors?

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