Cummins (CMI) Stock Forecast & Price Target

$532.05 +8.17 (+1.56%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$527.55 -4.50 (-0.85%)

As of 09/18/2026 07:57 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
5

Buy
13

Based on 18 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 18 analysts, 5 have given a hold rating, and 13 have given a buy rating for CMI.

Consensus Price Target

$750.75
41.10% Upside

According to the 18 analysts' twelve-month price targets for Cummins, the average price target is $750.75. The highest price target for CMI is $894.00, while the lowest price target for CMI is $540.00. The average price target represents a forecasted upside of 41.10% from the current price of $532.05.

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

Type	Current Forecast 9/20/25 to 9/20/26	1 Month Ago 8/21/25 to 8/21/26	3 Months Ago 6/22/25 to 6/22/26	1 Year Ago 9/20/24 to 9/20/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 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	$750.75	$733.19	$725.73	$380.77
Forecasted Upside	41.10% Upside	24.72% Upside	0.21% Upside	-10.11% 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	2.72	2.30	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	41.10% Upside	102.39% Upside	18.44% 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
8/31/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
8/23/2026	CICC Research 5 of 5 stars		Initiated Coverage	Outperform	$781.00	+32.85%
8/11/2026	Evercore 3 of 5 stars		Lower Target	Outperform	$845.00 ➝ $782.00	+45.28%
8/6/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$605.00 ➝ $750.00	+39.33%
8/5/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		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	Buy	$901.00 ➝ $894.00	+37.30%
8/5/2026	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	Lower Target		$725.00 ➝ $690.00	+28.19%
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%
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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%
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%
5/6/2026	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%
4/15/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$645.00 ➝ $700.00	+30.05%
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%
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 Sunday at 02:07 PM 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, September 19, 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.:

Strong demand in the data center power sector is providing a significant growth driver, with executives noting that orders are stretching out to 2028, indicating a multi-year revenue pipeline that supports the company's current valuation and future earnings potential.
The stock is currently trading at $532.05, which is significantly below the consensus price target of $745.64, suggesting substantial upside potential as analysts maintain a Moderate Buy rating based on recent fundamental improvements and market positioning.
Recent regulatory clarity regarding 2027 emissions rules has reduced uncertainty for fleet customers, allowing for more predictable purchasing behavior and supporting the recovery in North American truck demand that has improved over the last six months.
Cummins Inc. recently increased its quarterly dividend to $2.20 per share, representing an annualized yield of approximately 1.7%, which provides a steady income stream for investors while demonstrating the company's financial strength and commitment to shareholder returns.
Institutional interest remains robust, with major investors like Bank of America Corp DE acquiring a new stake of approximately $1.4 billion in the second quarter, signaling confidence in the company's long-term strategic direction and market leadership in power and energy technology.

Cummins
Bear Case

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

The company recently missed its earnings per share consensus estimate in the most recent quarter, reporting $6.73 against an expected $7.21, which may raise concerns about near-term profitability margins despite strong revenue growth.
There is a notable pattern of insider selling, with multiple vice presidents and executives, including VP Earl Newsome, selling shares in recent months, which can sometimes signal a lack of confidence in the stock's short-term performance or a desire to diversify personal holdings.
The stock has experienced a significant decline from its 52-week high of $737.76 to the current price of $532.05, indicating that the market has de-rated the stock due to recent earnings misses and broader economic uncertainties affecting the industrial sector.
Short interest has increased in recent months, with shares shorted rising to over 3.2 million as of the latest record date, suggesting that a portion of the market is betting against the stock's future performance and potential downside risk.
While revenue has grown, the company faces ongoing challenges in the heavy-duty truck market, which has been soft over the past year, and any further economic slowdown could negatively impact fleet purchasing decisions and overall demand for Cummins' core engine products.

CMI Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $750.75, with a high forecast of $894.00 and a low forecast of $540.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last twelve months. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMI shares.

According to analysts, Cummins's stock has a predicted upside of 41.10% based on their 12-month stock forecasts.

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

Cummins has been rated by research analysts at CICC Research, Citigroup, DA Davidson, Evercore, JPMorgan Chase & Co., Morgan Stanley, Sanford C. Bernstein, Truist Financial, UBS Group, Weiss Ratings, 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.

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MarketBeat monitors more than a dozen sources for Cummins analyst ratings, with the most recent rating issued on 8/31/2026.

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Cummins (CMI) Stock Forecast & Price Target