Cummins (CMI) Stock Forecast & Price Target $654.07 +15.29 (+2.39%) As of 11:32 AM Eastern This is a fair market value price provided by Massive. Learn more. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock Cummins - Analysts' Recommendations and Stock Price Forecast (2026) How MarketBeat Calculates Price Target and Consensus Rating Consensus Rating Moderate BuyBased on 17 Analyst RatingsSell0Hold5Buy12 Based on 17 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 17 analysts, 5 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for CMI. Consensus Price Target $677.873.64% Upside According to the 17 analysts' twelve-month price targets for Cummins, the average price target is $677.87. The highest price target for CMI is $845.00, while the lowest price target for CMI is $431.00. The average price target represents a forecasted upside of 3.64% from the current price of $654.07. 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. 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. Sign Up View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. 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CMI Analyst Ratings Over TimeTypeCurrent Forecast5/22/25 to 5/22/261 Month Ago4/22/25 to 4/22/263 Months Ago2/21/25 to 2/21/261 Year Ago5/22/24 to 5/22/25Strong Buy1 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy11 Buy rating(s)11 Buy rating(s)11 Buy rating(s)4 Buy rating(s)Hold5 Hold rating(s)6 Hold rating(s)6 Hold rating(s)8 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)1 Sell rating(s)Consensus Price Target$677.87$600.27$588.93$352.17Forecasted Upside3.64% Upside-6.13% Downside-0.73% Downside9.55% UpsideConsensus RatingModerate BuyModerate BuyModerate BuyHold CMI Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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.Skip Chart & View Analyst Rating History CMI Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Cummins Stock vs. The CompetitionTypeCumminsAuto/Tires/Trucks CompaniesBroader MarketConsensus Rating Score 2.76 2.13 2.52Consensus RatingModerate BuyHoldModerate BuyPredicted Upside6.22% Upside104.79% Upside15.96% UpsideNews Sentiment RatingPositive NewsSee Recent CMI NewsNeutral NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export DateBrokerageAnalystActionRatingPrice TargetReport Date Upside/DownsideDetails5/11/2026 Evercore4 of 5 stars Reiterated RatingOutperform$845.00+22.12%5/7/2026 Zacks ResearchNot Rated UpgradeHold ➝ Strong-Buy5/6/2026 Weiss RatingsNot Rated DowngradeBuy (B) ➝ Buy (B-)5/6/2026 Truist FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJamie CookSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingSet Target$815.00+15.62%5/6/2026 Robert W. BairdSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Set Target$700.00+0.13%5/6/2026 Morgan StanleySubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingAngel CastilloSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$675.00 ➝ $752.00+11.43%5/6/2026 BarclaysSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingAdam SeidenSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$610.00 ➝ $760.00+12.61%5/6/2026 CitigroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingKyle MengesSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetBuy$710.00 ➝ $770.00+14.09%5/6/2026 JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the firm's recommendation accuracy ratingTami ZakariaSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetNeutral$600.00 ➝ $725.00+1.12%5/6/2026 Wells Fargo & CompanySubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJerry RevichSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOverweight$693.00 ➝ $794.00+13.09% Get the Latest News and Ratings for CMI and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Cummins and its competitors with MarketBeat's FREE daily newsletter. 2/10/2026 ArgusSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingBill SeleskySubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingSet Target$696.00+18.99%2/9/2026 Raymond James FinancialSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingTim TheinSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingBoost TargetOutperform$585.00 ➝ $675.00+16.95%2/6/2026 Sanford C. BernsteinSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingChad DillardSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingSet TargetMarket Perform$600.00+7.57%2/6/2026 UBS GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingSteven FisherSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingSet TargetNeutral$565.00+4.61%1/26/2026 Wolfe ResearchSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingScott GroupSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingDowngradeOutperform ➝ Peer Perform$540.00-5.48%9/3/2025 Melius ResearchSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating UpgradeHold ➝ Buy$500.00+26.71%5/27/2025 The Goldman Sachs GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJerry RevichSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeNeutral ➝ Buy$410.00 ➝ $431.00+35.79%1/14/2025 Bank of AmericaSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingMichael FenigerSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingUpgradeUnderperform ➝ Neutral$354.00 ➝ $358.00-0.78%12/6/2024 Jefferies Financial GroupSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating Boost TargetBuy$410.00 ➝ $435.00+14.80%11/6/2024 Vertical ResearchSubscribe to MarketBeat All Access for the firm's recommendation accuracy ratingJeffrey KauffmanSubscribe to MarketBeat All Access for the analyst's recommendation accuracy ratingDowngradeBuy ➝ Hold$350.00-1.26%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:18 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 Saturday, May 16, 2026. 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 $701.70, reflecting strong market interest and potential for growth. Analysts have recently upgraded their ratings on Cummins Inc., with several firms raising their target prices significantly, indicating positive market sentiment. The company has a solid dividend yield of approximately 1.1%, providing investors with a steady income stream alongside potential capital appreciation. Cummins Inc. has demonstrated resilience with a market capitalization of nearly $97 billion, showcasing its stability and strong position in the power technology sector. Recent reports highlight Cummins Inc.'s innovative advancements in electrified powertrains, positioning the company well for future growth in the evolving energy landscape. Cummins Bear Case Investors should be bearish about investing in Cummins Inc. for these reasons: Insider selling has been notable, with a total of 34,073 shares sold recently, which may indicate a lack of confidence among executives regarding the stock's future performance. The company's price-to-earnings ratio is relatively high at 36.41, suggesting that the stock may be overvalued compared to its earnings potential. Despite recent upgrades, the consensus rating remains at "Moderate Buy," indicating that some analysts are cautious about the stock's short-term performance. With a debt-to-equity ratio of 0.50, while manageable, it suggests that the company is somewhat reliant on debt financing, which could pose risks in a rising interest rate environment. Market volatility and economic uncertainties could impact demand for Cummins Inc.'s products, particularly in the automotive and industrial sectors, which are sensitive to economic cycles. CMI Forecast - Frequently Asked Questions What is Cummins' forecast for 2026? According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $677.87, with a high forecast of $845.00 and a low forecast of $431.00. Should I buy or sell Cummins stock right now? 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMI shares. Does Cummins's stock price have much upside? According to analysts, Cummins's stock has a predicted upside of 3.64% based on their 12-month stock forecasts. Has Cummins been upgraded or downgraded by Wall Street analysts recently? Over the previous 90 days, Cummins's stock had 1 upgrade and 1 downgrade by analysts. What analysts cover Cummins? Cummins has been rated by research analysts at Barclays, Citigroup, Evercore, JPMorgan Chase & Co., Morgan Stanley, Robert W. Baird, Sanford C. Bernstein, Truist Financial, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days. Do Wall Street analysts like Cummins more than its competitors? 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. 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