Cummins (CMI) Stock Forecast & Price Target

Q: What analysts cover Cummins?

Cummins has been rated by research analysts at Argus , Barclays , Citigroup , Evercore , JPMorgan Chase & Co. , Morgan Stanley , Raymond James Financial , Robert W. Baird , Sanford C. Bernstein , Truist Financial , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$662.21 +0.51 (+0.08%)

Closing price 07/2/2026 03:59 PM Eastern

Extended Trading

$662.53 +0.32 (+0.05%)

As of 07/2/2026 07:59 PM Eastern

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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, 11 have given a buy rating, and 1 has given a strong buy rating for CMI.

Consensus Price Target

$738.00
11.45% Upside

According to the 16 analysts' twelve-month price targets for Cummins, the average price target is $738.00. The highest price target for CMI is $901.00, while the lowest price target for CMI is $500.00. The average price target represents a forecasted upside of 11.45% from the current price of $662.21.

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 7/3/25 to 7/3/26	1 Month Ago 6/3/25 to 6/3/26	3 Months Ago 4/4/25 to 4/4/26	1 Year Ago 7/3/24 to 7/3/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	6 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	$738.00	$705.79	$588.93	$358.08
Forecasted Upside	11.45% Upside	3.21% Upside	7.11% Upside	7.91% 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	Broader Market
Consensus Rating Score	2.81	2.16	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	11.45% Upside	132.49% Upside	13.30% 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
7/2/2026	Truist Financial 3 of 5 stars	Jamie Cook 5 of 5 stars	Boost Target	Buy	$815.00 ➝ $901.00	+32.19%
6/17/2026	UBS Group 4 of 5 stars	Steven Fisher 5 of 5 stars	Reiterated Rating	Buy
6/17/2026	Wells Fargo & Company 3 of 5 stars	Jerry Revich Not Rated	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%
5/22/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
5/11/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$845.00	+22.12%
5/7/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
5/6/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B) ➝ Buy (B-)
5/6/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$700.00	+0.13%
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.
5/6/2026	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%
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 Friday at 08:40 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 Thursday, July 2, 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 company recently reported earnings per share of $6.15, exceeding analyst expectations, which indicates strong financial performance and potential for growth.
With a quarterly revenue of $8.40 billion, Cummins Inc. demonstrated a year-over-year revenue increase of 2.7%, suggesting resilience and stability in its operations.
The current stock price is around $720, reflecting a solid market position and investor confidence in the company's future prospects.
Cummins Inc. has a dividend payout ratio of 41.52%, which means it returns a significant portion of its earnings to shareholders, making it attractive for income-focused investors.
Analysts forecast an earnings per share of approximately $29.44 for the current fiscal year, indicating expected growth and profitability moving forward.

Cummins
Bear Case

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

Insider selling has been notable, with executives recently selling shares, which may raise concerns about their confidence in the company's future performance.
The dividend yield is currently around 1.1%, which may be considered low compared to other investment opportunities, potentially limiting its appeal to income investors.
Despite recent revenue growth, the overall market conditions and economic uncertainties could impact future performance and profitability.
With a return on equity of 25.25%, while strong, it may indicate that the company is not fully utilizing its equity base to generate profits, which could be a concern for some investors.
Analysts have mixed ratings on the stock, with some maintaining a "Hold" rating, suggesting that there may be caution regarding its future price movements.

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 $738.00, with a high forecast of $901.00 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 twelve months. There are currently 4 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 upside of 11.45% 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 Argus, Barclays, Citigroup, Evercore, JPMorgan Chase & Co., Morgan Stanley, Raymond James Financial, Robert W. Baird, 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 "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 7/3/2026 by MarketBeat.com Staff.

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Cummins (CMI) Stock Forecast & Price Target