Cummins (CMI) Stock Forecast & Price Target

$679.25 -3.63 (-0.53%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$683.24 +3.99 (+0.59%)

As of 05/8/2026 07:48 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
5

Buy
12

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

$649.47
-4.38% Downside

According to the 17 analysts' twelve-month price targets for Cummins, the average price target is $649.47. The highest price target for CMI is $815.00, while the lowest price target for CMI is $419.00. The average price target represents a forecasted downside of -4.38% from the current price of $679.25.

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 5/9/25 to 5/9/26	1 Month Ago 4/9/25 to 4/9/26	3 Months Ago 2/8/25 to 2/8/26	1 Year Ago 5/9/24 to 5/9/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$649.47	$588.93	$574.73	$347.69
Forecasted Upside	-4.38% Downside	-3.62% Downside	-0.42% Downside	13.32% Upside
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	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.65	2.15	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-4.38% Downside	100.43% Upside	15.51% Upside
News Sentiment Rating	Positive News See Recent CMI News	Neutral 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
5/7/2026	Zacks Research Not Rated		Upgrade	Hold ➝ Strong-Buy
5/6/2026	Weiss Ratings Not Rated		Downgrade	Buy (B) ➝ Buy (B-)
5/6/2026	Truist Financial 3 of 5 stars	Jamie Cook 5 of 5 stars	Set Target		$815.00	+15.62%
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	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	$675.00 ➝ $752.00	+11.43%
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	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	$710.00 ➝ $770.00	+14.09%
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%
5/6/2026	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	$693.00 ➝ $794.00	+13.09%
2/10/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bill Selesky Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$696.00	+18.99%
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2/9/2026	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	$585.00 ➝ $675.00	+16.95%
2/6/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chad Dillard Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Market Perform	$600.00	+7.57%
2/6/2026	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	Set Target	Neutral	$565.00	+4.61%
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%
8/19/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
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%
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	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 10:18 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 Monday, May 4, 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.:

Recent analyst upgrades have raised target prices significantly, with some estimates reaching as high as $710, indicating strong market confidence in the company's growth potential.
The current stock price is around $657, reflecting a robust market position and potential for appreciation as the company continues to innovate in power technology.
Cummins Inc. has a solid dividend payout ratio of approximately 39%, providing investors with a reliable income stream through dividends, which is attractive in a volatile market.
With a consensus rating of "Moderate Buy" from analysts, the stock is viewed positively, suggesting that many experts believe it is a good investment opportunity.
The company has a diverse product portfolio, including advanced diesel and natural gas engines, which positions it well to meet the growing demand for efficient power solutions.

Cummins
Bear Case

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

Insider selling has been notable, with executives selling over 31,000 shares recently, which may signal a lack of confidence in the stock's short-term performance.
The stock has experienced fluctuations, with a recent decline of about 2%, indicating potential volatility that could deter risk-averse investors.
Despite a strong market cap of approximately $90 billion, the company's high P/E ratio of around 32 suggests that the stock may be overvalued compared to its earnings, which could limit future growth.
With a beta of 1.27, the stock is more volatile than the market, meaning it could experience larger price swings, which may not be suitable for all investors.
The company faces increasing competition in the power technology sector, which could impact its market share and profitability in the long run.

CMI Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $649.47, with a high forecast of $815.00 and a low forecast of $419.00.

17 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" CMI shares.

According to analysts, Cummins's stock has a predicted downside of -4.38% based on their 12-month stock forecasts.

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

Cummins has been rated by research analysts at Argus, Barclays, Citigroup, JPMorgan Chase & Co., Morgan Stanley, Raymond James Financial, Robert W. Baird, Truist Financial, Weiss Ratings, Wells Fargo & Company, and Zacks 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.

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This page (NYSE:CMI) was last updated on 5/9/2026 by MarketBeat.com Staff.

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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

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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 downside?

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