Cummins (CMI) Stock Forecast & Price Target

$564.61 -0.24 (-0.04%)

Closing price 08/28/2026 03:58 PM Eastern

Extended Trading

$565.00 +0.39 (+0.07%)

As of 08:09 AM Eastern

Compare

Cummins - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
4

Buy
12

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, 4 have given a hold rating, and 12 have given a buy rating for CMI.

Consensus Price Target

$745.64
32.06% Upside

According to the 16 analysts' twelve-month price targets for Cummins, the average price target is $745.64. The highest price target for CMI is $894.00, while the lowest price target for CMI is $500.00. The average price target represents a forecasted upside of 32.06% from the current price of $564.61.

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.

SMS 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. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CMI Analyst Ratings Over Time

Type	Current Forecast 8/31/25 to 8/31/26	1 Month Ago 8/1/25 to 8/1/26	3 Months Ago 6/2/25 to 6/2/26	1 Year Ago 8/31/24 to 8/31/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$745.64	$740.07	$705.79	$370.83
Forecasted Upside	32.06% Upside	16.45% Upside	5.04% Upside	-6.93% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	Industrials Companies	Broader Market
Consensus Rating Score	2.75	2.30	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	32.06% Upside	166.33% Upside	13.05% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/23/2026	CICC Research 5 of 5 stars		Initiated Coverage	Outperform
8/17/2026	Weiss Ratings 5 of 5 stars		Upgrade	Buy (B-) ➝ Buy (B)
8/5/2026	Sanford C. Bernstein 3 of 5 stars		Reiterated Rating	Market Perform	$700.00	+7.50%
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	Lower Target	Buy	$850.00 ➝ $835.00	+28.23%
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		$894.00	+37.30%
7/17/2026	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	Boost Target	Overweight	$752.00 ➝ $761.00	+16.97%
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	$770.00 ➝ $790.00	+19.04%
7/13/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
6/17/2026	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	$794.00 ➝ $874.00	+24.65%
6/1/2026	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	$696.00 ➝ $770.00	+22.34%
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.
5/26/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Thein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$675.00 ➝ $745.00	+13.01%
5/11/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$845.00	+22.12%
5/6/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$700.00	+0.13%
5/6/2026	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	Overweight	$610.00 ➝ $760.00	+12.61%
5/6/2026	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	Neutral	$600.00 ➝ $725.00	+1.12%
1/26/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scott Group Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform	$540.00	-5.48%
9/3/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$500.00	+26.71%
5/27/2025	The Goldman Sachs Group 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	Upgrade	Neutral ➝ Buy	$410.00 ➝ $431.00	+35.79%
1/14/2025	Bank of America 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	Upgrade	Underperform ➝ Neutral	$354.00 ➝ $358.00	-0.78%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$410.00 ➝ $435.00	+14.80%
11/6/2024	Vertical Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Kauffman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$350.00	-1.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:17 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 Thursday, August 27, 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 $720, reflecting strong market interest and potential for growth.
Recent quarterly revenue increased by over 9% compared to the same quarter last year, indicating robust business performance.
The company has a solid return on equity of over 25%, showcasing effective management and profitability.
Cummins Inc. recently increased its quarterly dividend to $2.20, demonstrating a commitment to returning value to shareholders.
Analysts have a consensus rating of "Moderate Buy" with an average target price significantly above the current stock price, suggesting potential upside.

Cummins
Bear Case

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

The company reported earnings per share of $6.73, which missed analysts' expectations, indicating potential challenges in meeting future targets.
Despite revenue growth, the net margin is relatively modest at around 7.82%, which could limit profitability in competitive markets.
With a price-to-earnings ratio of approximately 30, the stock may be considered overvalued compared to industry peers, raising concerns about future returns.
The company has a debt-to-equity ratio of 0.48, which, while manageable, indicates some reliance on debt financing that could pose risks in economic downturns.
Recent downgrades from some analysts suggest mixed sentiment in the market, which could lead to volatility in stock performance.

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 $745.64, with a high forecast of $894.00 and a low forecast of $500.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 4 hold ratings and 12 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 upside of 32.06% based on their 12-month stock forecasts.

Over the previous 90 days, Cummins's stock had 2 upgrades and 1 downgrade by analysts.

Cummins has been rated by research analysts at CICC Research, Citigroup, Morgan Stanley, Sanford C. Bernstein, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

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

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cummins Recommendations

MarketBeat monitors more than a dozen sources for Cummins analyst ratings, with the most recent rating issued on 8/23/2026.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

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

Cummins - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CMI Analyst Ratings Over Time

CMI Analyst Recommendations By Month

CMI Price Targets by Month

Cummins Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Cummins Stock? CMI Pros and Cons Explained

Cummins
Bull Case

Cummins
Bear Case

CMI Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cummins Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Cummins (CMI) Stock Forecast & Price Target

Cummins - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CMI Analyst Ratings Over Time

CMI Analyst Recommendations By Month

CMI Price Targets by Month

Cummins Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Cummins Stock? CMI Pros and Cons Explained

Cummins Bull Case

Cummins Bear Case

CMI Forecast - Frequently Asked Questions

What is Cummins' forecast for 2026?

Should I buy or sell Cummins stock right now?

Does Cummins's stock price have much upside?

Has Cummins been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Cummins?

Do Wall Street analysts like Cummins more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Cummins Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Cummins
Bull Case

Cummins
Bear Case