Caterpillar (CAT) Stock Forecast & Price Target

$856.82 +2.22 (+0.26%)

Closing price 08/14/2026 03:59 PM Eastern

Extended Trading

$858.51 +1.70 (+0.20%)

As of 08/14/2026 07:59 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
11

Buy
14

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, 11 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for CAT.

Consensus Price Target

$995.52
16.19% Upside

According to the 25 analysts' twelve-month price targets for Caterpillar, the average price target is $995.52. The highest price target for CAT is $1,225.00, while the lowest price target for CAT is $750.00. The average price target represents a forecasted upside of 16.19% from the current price of $856.82.

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 8/15/25 to 8/15/26	1 Month Ago 7/16/25 to 7/16/26	3 Months Ago 5/17/25 to 5/17/26	1 Year Ago 8/15/24 to 8/15/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	15 Buy rating(s)	16 Buy rating(s)	10 Buy rating(s)
Hold	11 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$995.52	$980.57	$923.14	$440.00
Forecasted Upside	16.19% Upside	11.88% Upside	3.85% Upside	8.00% 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	2.60	2.29	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	16.19% Upside	332.37% Upside	11.05% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/12/2026	Zacks Research 5 of 5 stars		Upgrade	Hold ➝ Strong-Buy
8/6/2026	DA Davidson 2 of 5 stars	Michael Shlisky 4 of 5 stars	Boost Target	Neutral	$845.00 ➝ $882.00	+1.45%
8/6/2026	Barclays 3 of 5 stars	Adam Seiden 4 of 5 stars	Boost Target	Equal Weight	$800.00 ➝ $900.00	+3.21%
8/5/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B-)
8/5/2026	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	Reiterated Rating	Market Perform	$1,002.00	+12.83%
8/5/2026	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	Boost Target	Neutral	$900.00 ➝ $925.00	+4.16%
8/5/2026	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		$980.00	+10.35%
8/5/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mircea Dobre Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$970.00	+10.14%
8/5/2026	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	$877.00 ➝ $897.00	+1.93%
8/4/2026	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	Reiterated Rating	Outperform	$1,118.00	+27.05%
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.
7/27/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/14/2026	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	$1,020.00 ➝ $1,100.00	+17.97%
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%
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%
5/5/2026	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%
5/1/2026	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%
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
1/7/2026	Raymond James Financial 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		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 Saturday at 10:26 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, August 10, 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 $920, reflecting strong market performance and investor confidence.
Caterpillar Inc. reported impressive earnings per share of $8.17 for the latest quarter, significantly exceeding analyst expectations, indicating robust financial health.
The company has shown a year-over-year revenue increase of 23.7%, demonstrating strong growth potential in its market segments.
Caterpillar Inc. has a high return on equity, suggesting effective management and profitability, which can lead to higher shareholder returns.
The recent increase in the quarterly dividend to $1.63 per share signals a commitment to returning value to shareholders, enhancing the attractiveness of the stock.

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 if market conditions change.
Despite strong earnings, the price-to-earnings ratio is elevated, suggesting that the stock may be overvalued compared to its earnings potential.
The quick ratio is below 1, indicating potential liquidity issues, which could affect the company's ability to meet short-term obligations.
Market volatility, as indicated by a beta of 1.60, suggests that the stock may experience larger price swings, which could be a concern for risk-averse investors.
While the dividend payout ratio is reasonable, any future economic downturn could lead to cuts in dividends, impacting income-focused investors.

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 $995.52, with a high forecast of $1,225.00 and a low forecast of $750.00.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 11 hold ratings, 13 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 upside of 16.19% based on their 12-month stock forecasts.

Over the previous 90 days, Caterpillar's stock had 3 downgrades and 2 upgrades by analysts.

Caterpillar has been rated by research analysts at Barclays, Citigroup, DA Davidson, Erste Group Bank, JPMorgan Chase & Co., Oppenheimer, Robert W. Baird, Royal Bank Of Canada, 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 8/15/2026 by MarketBeat.com Staff.

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Caterpillar (CAT) Stock Forecast & Price Target