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 Wolfe Research in the past 90 days.

$915.28 -0.36 (-0.04%)

Closing price 06/9/2026 03:59 PM Eastern

Extended Trading

$907.95 -7.33 (-0.80%)

As of 04:03 AM 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
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

$933.27
1.97% Upside

According to the 25 analysts' twelve-month price targets for Caterpillar, the average price target is $933.27. 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 1.97% from the current price of $915.29.

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 6/10/25 to 6/10/26	1 Month Ago 5/11/25 to 5/11/26	3 Months Ago 3/12/25 to 3/12/26	1 Year Ago 6/10/24 to 6/10/25
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)	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	$933.27	$911.77	$730.50	$372.92
Forecasted Upside	1.97% Upside	-1.49% Downside	4.27% Upside	3.96% 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	1.97% Upside	276.33% Upside	14.82% 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
6/2/2026	UBS Group 4 of 5 stars		Reiterated Rating	Neutral	$900.00	+3.93%
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 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	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%
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	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	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
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 04:04 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, June 8, 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.:

Recent analyst upgrades have significantly increased price targets for Caterpillar Inc., with some estimates reaching as high as $1,100, indicating strong market confidence in the company's growth potential.
The current stock price is around $940, reflecting a robust performance and positioning the company favorably in the market.
Caterpillar Inc. is expected to benefit from recent tariff cuts on farm and construction equipment, which could enhance profit margins and support earnings growth.
With a consensus target price of approximately $933.27, analysts are generally optimistic about the stock's future performance, suggesting a potential upside for investors.
Sixteen investment analysts have rated the stock with a Buy rating, indicating strong support from the investment community for Caterpillar Inc.'s future prospects.

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 confidence of those within the company regarding its future performance.
The company's high price-to-earnings (P/E) ratio suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Despite recent positive sentiment, the stock has experienced fluctuations, indicating potential volatility that could affect short-term investors.
The debt-to-equity ratio stands at 1.64, which may indicate a higher level of debt relative to equity, potentially increasing financial risk for investors.
Market conditions can change rapidly, and external factors such as economic downturns or changes in government policy could negatively impact Caterpillar Inc.'s 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 $933.27, 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 1.97% 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, UBS Group, Weiss Ratings, Wells Fargo & Company, 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.

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This page (NYSE:CAT) was last updated on 6/10/2026 by MarketBeat.com Staff.

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Caterpillar (CAT) Stock Forecast & Price Target