Cummins (CMI) Stock Forecast & Price Target

$402.08 +7.88 (+2.00%)

Closing price 08/22/2025 03:59 PM Eastern

Extended Trading

$404.06 +1.99 (+0.49%)

As of 08/22/2025 07:55 PM Eastern

Cummins - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Hold

Based on 14 Analyst Ratings

Sell
1

Hold
6

Buy
7

Based on 14 Wall Street analysts who have issued ratings for Cummins in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 1 has given a sell rating, 6 have given a hold rating, and 7 have given a buy rating for CMI.

Consensus Price Target

$370.83
-7.77% Downside

According to the 14 analysts' twelve-month price targets for Cummins, the average price target is $370.83. The highest price target for CMI is $435.00, while the lowest price target for CMI is $240.00. The average price target represents a forecasted downside of -7.77% from the current price of $402.08.

Get the Latest News and Ratings for CMI and Related Stocks

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

CMI Analyst Ratings Over Time

Type	Current Forecast 8/23/24 to 8/23/25	1 Month Ago 7/24/24 to 7/24/25	3 Months Ago 5/25/24 to 5/25/25	1 Year Ago 8/24/23 to 8/23/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 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	$370.83	$361.92	$352.17	$299.55
Forecasted Upside	-7.77% Downside	-1.06% Downside	10.95% Upside	-3.16% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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.

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.

Cummins Stock vs. The Competition

Type	Cummins	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.43	2.45	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-7.77% Downside	338.24% Upside	9.66% Upside
News Sentiment Rating	Positive News See Recent CMI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2025	Evercore ISI 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform
8/11/2025	Wells Fargo & Company 3 of 5 stars		Upgrade	Overweight
8/11/2025	Wolfe Research 4 of 5 stars	Scott Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Outperform
8/7/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$342.00 ➝ $380.00	-0.31%
8/6/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$380.00 ➝ $425.00	+11.27%
7/21/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Seiden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$381.00 ➝ $387.00	+9.94%
7/11/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Leiker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$315.00 ➝ $355.00	+4.38%
5/27/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jerry Revich Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$410.00 ➝ $431.00	+35.79%
5/6/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Angel Castillo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$340.00 ➝ $350.00	+16.23%
5/6/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tami Zakaria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$308.00 ➝ $320.00	+5.70%
Get the Latest News and Ratings for CMI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cummins and its competitors with MarketBeat's FREE daily newsletter.
4/7/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Sell	$400.00 ➝ $240.00	-13.61%
1/14/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Feniger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$354.00 ➝ $358.00	-0.78%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$410.00 ➝ $435.00	+14.80%
11/6/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kauffman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$350.00	-1.26%
6/28/2024	Raymond James Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$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 Saturday at 05:48 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 Friday, August 22, 2025. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

Cummins
Bull Case

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

The current stock price is around $370, reflecting a strong market position and potential for growth.
Recent earnings results showed a significant earnings per share of $6.43, surpassing analyst expectations, indicating robust financial health.
The company has a solid return on equity of 26.96%, suggesting effective management and profitability in generating returns for shareholders.
Cummins Inc. recently increased its quarterly dividend to $2.00 per share, demonstrating a commitment to returning value to shareholders and a healthy payout ratio of 34.23%.
Analysts have a consensus target price of approximately $370.83, with several firms rating the stock as a "buy," indicating positive market sentiment.

Cummins
Bear Case

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

Insider selling has occurred recently, with 24,179 shares sold, which may raise concerns about the confidence of company executives in future performance.
The company's quarterly revenue decreased by 1.7% year-over-year, indicating potential challenges in maintaining growth momentum.
Despite a strong earnings report, the overall market conditions and economic factors could impact future performance negatively.
The debt-to-equity ratio stands at 0.53, which, while manageable, suggests that the company is utilizing some leverage that could pose risks in a downturn.
Market analysts have mixed ratings, with one "sell" rating among the majority of "buy" and "hold" ratings, indicating some uncertainty in investor sentiment.

CMI Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $370.83, with a high forecast of $435.00 and a low forecast of $240.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There is currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
: According to analysts, Cummins's stock has a predicted downside of -7.77% based on their 12-month stock forecasts.
: Over the previous 90 days, Cummins's stock had 3 upgrades by analysts.
: Cummins has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Robert W. Baird, The Goldman Sachs Group, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Cummins less than other "auto/tires/trucks" companies. The consensus rating score for Cummins is 2.43 while the average consensus rating score for "auto/tires/trucks" companies is 2.45. Learn more on how CMI compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (NYSE:CMI) was last updated on 8/23/2025 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.

Cummins (CMI) Stock Forecast & Price Target