Cummins (CMI) Stock Forecast & Price Target

$561.44 +15.94 (+2.92%)

As of 09/4/2026 03:58 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 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 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for CMI.

Consensus Price Target

$764.54
36.17% Upside

According to the 15 analysts' twelve-month price targets for Cummins, the average price target is $764.54. 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 36.17% from the current price of $561.44.

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 9/6/25 to 9/6/26	1 Month Ago 8/7/25 to 8/7/26	3 Months Ago 6/8/25 to 6/8/26	1 Year Ago 9/6/24 to 9/6/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	8 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	$764.54	$745.64	$705.79	$380.77
Forecasted Upside	36.17% Upside	15.74% Upside	5.03% Upside	-4.84% 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	2.73	2.30	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	36.17% Upside	94.20% Upside	14.02% 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
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 Sunday at 06:40 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, September 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.:

Analysts maintain a consensus rating of Moderate Buy with an average price target of $745.64, which suggests significant upside potential from the current stock price of $550.77.
The company recently increased its quarterly dividend to $2.20, representing a 10% increase from the previous $2.00 payout and offering a dividend yield of approximately 1.6% for income-focused investors.
Revenue growth has accelerated, with the most recent quarter showing a 9.4% year-over-year increase to $9.46 billion, outpacing the 2.7% growth seen in the prior quarter.
Strong institutional interest is evident as Wellington Management Group LLP increased its stake by 243.5% in the second quarter, indicating confidence from major asset managers.
The stock has demonstrated strong momentum, hitting a 52-week high of $737.76 in June 2026, reflecting a substantial rise from its 52-week low of $389.52.

Cummins
Bear Case

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

The company missed earnings expectations in the most recent quarter, reporting $6.73 in earnings per share compared to the consensus estimate of $7.21, a miss of $0.48.
There is a notable pattern of insider selling, with multiple executives including VP Earl Newsome and CFO Mark Andrew Smith selling shares in recent months, such as Newsome's sale of 698 shares in August 2026.
The stock is trading at a price-to-earnings ratio of 28.14, which is relatively high and may limit upside potential if earnings growth does not continue to accelerate.
Short interest has increased in recent months, with shares shorted rising to 2,210,656 in August 2026, indicating that some investors are betting against the stock's performance.
The company's beta of 1.23 suggests higher volatility than the broader market, which could lead to larger price swings and increased risk for conservative investors.

CMI Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $764.54, with a high forecast of $894.00 and a low forecast of $540.00.

15 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 and 11 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 36.17% based on their 12-month stock forecasts.

Over the previous 90 days, Cummins's stock had 2 upgrades and 2 downgrades 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.

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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

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 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