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Cummins (CMI) Stock Forecast & Price Target

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$425.33 +1.69 (+0.40%)
Closing price 09/22/2025 03:58 PM Eastern
Extended Trading
$424.90 -0.43 (-0.10%)
As of 08:10 AM Eastern
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Cummins - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
1
Hold
6
Buy
9

Based on 16 Wall Street analysts who have issued ratings for Cummins in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 1 has given a sell rating, 6 have given a hold rating, and 9 have given a buy rating for CMI.

Consensus Price Target

$389.29
-8.48% Downside
According to the 16 analysts' twelve-month price targets for Cummins, the average price target is $389.29. The highest price target for CMI is $500.00, while the lowest price target for CMI is $240.00. The average price target represents a forecasted downside of -8.48% from the current price of $425.33.
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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CMI Analyst Ratings Over Time

TypeCurrent Forecast
9/23/24 to 9/23/25
1 Month Ago
8/24/24 to 8/24/25
3 Months Ago
6/25/24 to 6/25/25
1 Year Ago
9/24/23 to 9/23/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$389.29$370.83$358.08$299.55
Forecasted Upside-8.48% Downside-7.77% Downside12.30% Upside-4.46% Downside
Consensus RatingModerate BuyHoldHoldHold

CMI 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.
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CMI 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.
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Cummins Stock vs. The Competition

TypeCumminsAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.50
2.48
2.53
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-8.48% Downside655.01% Upside11.32% Upside
News Sentiment Rating
Positive News

See Recent CMI News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
9/3/2025Melius Research
0 of 5 stars
Rob Wertheimer
Rob Wertheimer
Not Rated
UpgradeHoldBuy$500.00+27.84%
9/3/2025Melius
5 of 5 stars
 UpgradeHoldBuy$500.00+26.71%
8/19/2025Evercore ISI
3 of 5 stars
 Reiterated RatingOutperform
8/11/2025Wells Fargo & Company
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 UpgradeOverweight
8/11/2025Wolfe Research
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UpgradeHoldOutperform
8/7/2025Truist Financial
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Boost TargetHold$342.00 ➝ $380.00-0.31%
8/6/2025Citigroup
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Boost TargetBuy$380.00 ➝ $425.00+11.27%
7/21/2025Barclays
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Boost TargetEqual Weight$381.00 ➝ $387.00+9.94%
7/11/2025Robert W. Baird
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Boost TargetNeutral$315.00 ➝ $355.00+4.38%
5/27/2025The Goldman Sachs Group
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UpgradeNeutralBuy$410.00 ➝ $431.00+35.79%
5/6/2025Morgan Stanley
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Boost TargetOverweight$340.00 ➝ $350.00+16.23%
5/6/2025JPMorgan Chase & Co.
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Boost TargetNeutral$308.00 ➝ $320.00+5.70%
4/7/2025UBS Group
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DowngradeBuySell$400.00 ➝ $240.00-13.61%
1/14/2025Bank of America
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UpgradeUnderperformNeutral$354.00 ➝ $358.00-0.78%
12/6/2024Jefferies Financial Group
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 Boost TargetBuy$410.00 ➝ $435.00+14.80%
11/6/2024Vertical Research
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DowngradeBuyHold$350.00-1.26%
6/28/2024Raymond James Financial
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 Initiated CoverageMarket Perform
5/10/2024TD Cowen
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 Boost TargetBuy$272.00 ➝ $292.00-0.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:13 AM ET.


Should I Buy Cummins Stock? CMI 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, September 21, 2025. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

Cummins
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Cummins Inc.:

  • The current stock price is around $389, which reflects a strong market position and potential for growth.
  • Recent analyst upgrades indicate positive sentiment, with several firms raising their price targets and ratings, suggesting confidence in the company's future performance.
  • Cummins Inc. has a solid dividend yield of 1.9%, providing investors with a steady income stream, which is appealing in a volatile market.
  • The company has shown resilience with a recent increase in its quarterly dividend, indicating strong cash flow and commitment to returning value to shareholders.
  • With a diverse product range including electric and hybrid powertrains, Cummins Inc. is well-positioned to capitalize on the growing demand for sustainable energy solutions.

Cummins
Bear Case

red Wall Street bear icon

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

  • Insider selling has been notable, with significant shares sold recently, which may raise concerns about the confidence of company executives in future performance.
  • The company's dividend payout ratio is relatively high at 37.61%, which could limit its ability to reinvest in growth opportunities if earnings do not meet expectations.
  • Despite positive analyst ratings, the stock has experienced fluctuations, indicating potential volatility that could deter risk-averse investors.
  • Corporate insiders own only 0.41% of the company's stock, which may suggest a lack of alignment between management and shareholder interests.
  • Market conditions and economic uncertainties could impact demand for Cummins Inc.'s products, particularly in the diesel and natural gas engine segments.

CMI Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $389.29, with a high forecast of $500.00 and a low forecast of $240.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CMI shares.

According to analysts, Cummins's stock has a predicted downside of -8.48% based on their 12-month stock forecasts.

Over the previous 90 days, Cummins's stock had 4 upgrades by analysts.

Cummins has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Melius, Melius Research, Robert W. Baird, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like Cummins more than other "auto/tires/trucks" companies. The consensus rating for Cummins is Moderate Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how CMI compares to other companies.


This page (NYSE:CMI) was last updated on 9/23/2025 by MarketBeat.com Staff
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