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.

$889.23 -5.31 (-0.59%)

Closing price 07/24/2026 03:59 PM Eastern

Extended Trading

$888.86 -0.37 (-0.04%)

As of 07/24/2026 07:34 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 25 Analyst Ratings

Sell
0

Hold
10

Buy
15

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, 10 have given a hold rating, and 15 have given a buy rating for CAT.

Consensus Price Target

$980.57
10.27% Upside

According to the 25 analysts' twelve-month price targets for Caterpillar, the average price target is $980.57. The highest price target for CAT is $1,218.00, while the lowest price target for CAT is $658.00. The average price target represents a forecasted upside of 10.27% from the current price of $889.23.

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 7/26/25 to 7/26/26	1 Month Ago 6/26/25 to 6/26/26	3 Months Ago 4/27/25 to 4/27/26	1 Year Ago 7/26/24 to 7/26/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	10 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$980.57	$941.45	$767.77	$413.57
Forecasted Upside	10.27% Upside	-5.55% Downside	-7.48% Downside	-4.72% 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	2.60	2.43	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	10.27% Upside	323.55% Upside	14.30% 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
7/14/2026	Citigroup 4 of 5 stars	Kyle Menges 5 of 5 stars	Boost Target	Buy	$1,020.00 ➝ $1,100.00	+17.97%
7/14/2026	Zacks Research Not Rated		Downgrade	Strong-Buy ➝ Hold
7/13/2026	Oppenheimer 3 of 5 stars	Kristen Owen 3 of 5 stars	Boost Target	Outperform	$980.00 ➝ $1,105.00	+16.02%
7/2/2026	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	Boost Target	Buy	$1,043.00 ➝ $1,218.00	+22.63%
6/26/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$1,165.00 ➝ $1,200.00	+16.66%
6/23/2026	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	$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%
6/2/2026	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%
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.
5/8/2026	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%
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	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%
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 Sunday at 07:12 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 Monday, July 20, 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 reported strong earnings per share of $5.54 for the latest quarter, significantly exceeding analysts' expectations, indicating robust financial performance.
Caterpillar Inc. has shown impressive revenue growth, with a 22.2% increase compared to the same quarter last year, suggesting strong demand for its products.
The current stock price is around $920, reflecting investor confidence and a solid market position in the industrial sector.
The company has a high return on equity of 48.21%, which indicates effective management and profitability relative to shareholder equity.
Caterpillar Inc. recently increased its quarterly dividend to $1.63 per share, demonstrating a commitment to returning value to shareholders and a healthy dividend payout ratio of 30.06%.

Caterpillar
Bear Case

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

Insider selling has been notable, with significant shares sold recently, which may raise concerns about the company's future prospects from those who know it best.
The dividend yield is relatively low at 0.7%, which may not attract income-focused investors looking for higher returns from dividends.
Despite strong earnings, the stock price may be perceived as high, leading to potential overvaluation risks in a fluctuating market.
The company operates in cyclical industries, which can be sensitive to economic downturns, potentially impacting future revenue and earnings.
With insiders owning only 0.33% of the company's stock, there may be a lack of alignment between management and shareholder interests, which could affect long-term performance.

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 $980.57, with a high forecast of $1,218.00 and a low forecast of $658.00.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There are currently 10 hold ratings and 15 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 upside of 10.27% based on their 12-month stock forecasts.

Over the previous 90 days, Caterpillar's stock had 1 upgrade and 1 downgrade 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 7/26/2026 by MarketBeat.com Staff.

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Caterpillar (CAT) Stock Forecast & Price Target