Cummins (CMI) Stock Forecast & Price Target

$530.72 -2.01 (-0.38%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$529.96 -0.76 (-0.14%)

As of 10/16/2026 07:47 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

$708.18
33.44% Upside

According to the 18 analysts' twelve-month price targets for Cummins, the average price target is $708.18. The highest price target for CMI is $782.00, while the lowest price target for CMI is $540.00. The average price target represents a forecasted upside of 33.44% from the current price of $530.72.

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 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	5 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	$708.18	$750.75	$733.40	$400.31
Forecasted Upside	33.44% Upside	41.10% Upside	14.58% Upside	-2.80% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	2.31	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	33.44% Upside	136.62% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent CMI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/12/2026	Citigroup 4 of 5 stars	Kyle Menges 5 of 5 stars	Lower Target	Buy	$790.00 ➝ $630.00	+19.51%
10/8/2026	Wells Fargo & Company 3 of 5 stars	Jerry Revich Not Rated	Lower Target	Overweight	$874.00 ➝ $760.00	+47.35%
10/5/2026	Truist Financial 3 of 5 stars	Jamie Cook 5 of 5 stars	Lower Target	Buy	$894.00 ➝ $779.00	+47.16%
9/30/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Fisher Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$835.00 ➝ $741.00	+43.14%
9/24/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target		$731.00 ➝ $600.00	+15.75%
9/23/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Tami Zakaria Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$690.00 ➝ $600.00	+13.99%
8/31/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy (B) ➝ Buy (B-)
8/23/2026	CICC Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Outperform	$781.00	+32.85%
8/11/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$845.00 ➝ $782.00	+45.28%
8/6/2026	DA Davidson Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$605.00 ➝ $750.00	+39.33%
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8/5/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Market Perform	$700.00	+7.50%
7/17/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Angel Castillo Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$752.00 ➝ $761.00	+16.97%
7/13/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
6/1/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	John Eade Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$696.00 ➝ $770.00	+22.34%
5/26/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Tim Thein Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$675.00 ➝ $745.00	+13.01%
5/6/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$700.00	+0.13%
5/6/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Adam Seiden Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$610.00 ➝ $760.00	+12.61%
4/15/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$645.00 ➝ $700.00	+30.05%
1/26/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Scott Group Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Peer Perform	$540.00	-5.48%
9/3/2025	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$500.00	+26.71%
5/27/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Jerry Revich Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Buy	$410.00 ➝ $431.00	+35.79%
11/6/2024	Vertical Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Jeffrey Kauffman Subscribe to MarketBeat All Access to unlock analyst rankings	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 11:08 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 Wednesday, October 14, 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 stock is currently trading at $525.39, which is significantly below the average analyst price target of $736.58, suggesting substantial upside potential as Wall Street maintains a "Moderate Buy" consensus rating.
Cummins Inc. recently declared a quarterly dividend of $2.20 per share, which annualizes to $8.80 and provides a yield of approximately 1.7%, offering a steady income stream for investors.
The company demonstrated strong revenue growth in its most recent quarter, reporting $9.46 billion in sales, which exceeded the consensus estimate of $9.33 billion and marked a 9.4% increase year-over-year.
Institutional interest remains robust, with 83.46% of the company's stock owned by institutional investors and hedge funds, indicating broad confidence in the firm's long-term stability and market position.
Cummins Inc. maintains a healthy financial profile with a current ratio of 1.73 and a quick ratio of 1.13, suggesting the company has sufficient liquid assets to cover its short-term liabilities.

Cummins
Bear Case

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

The company recently missed earnings expectations, reporting $6.73 in earnings per share for the quarter compared to the analyst consensus of $7.21, a shortfall of $0.48 that may signal operational challenges.
Short interest has been rising, with shares shorted increasing to 4,147,461 as of September 30, 2026, representing a 14.24% month-over-month increase and suggesting growing bearish sentiment among traders.
The stock is trading well below its 50-day moving average of $562.88 and its 200-day moving average of $620.45, indicating that the stock is in a significant downtrend relative to its recent performance.
Several major financial institutions have recently lowered their price targets, including Citigroup, which cut its target from $790.00 to $630.00, and JPMorgan Chase, which reduced its target from $690.00 to $600.00.
Insider selling has been frequent, with multiple vice presidents and executives, including VP Earl Newsome and VP Jennifer Mary Bush, selling significant blocks of shares in recent months, which can be interpreted as a lack of confidence in near-term stock appreciation.

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 $708.18, with a high forecast of $782.00 and a low forecast of $540.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. 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 33.44% 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 Bank of America, CICC Research, Citigroup, DA Davidson, Evercore, JPMorgan Chase & Co., Sanford C. Bernstein, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company 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 10/12/2026.

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Cummins (CMI) Stock Forecast & Price Target