Caterpillar, Inc. (CAT) Analyst Ratings & Price Targets

Caterpillar, Inc.

CAT · NYSE

Analyst Consensus

Hold

23 analysts

$889

Current

$900

Low

$985

Average

$900

High

Average target implies +10.79% versus the current price.

Analyst Ratings Synthesis

The supplied consensus is Hold across 23 analysts, with a mean price target of $985; low and high targets are not reported, so the current consensus spread cannot be quantified. Other aggregators conflict materially: Benzinga cites a $834 consensus from 20 analysts, while MarketBeat reports $980.57. The clearest revision over the past week was bearish: Baird analyst Mircea Dobre downgraded Caterpillar to Neutral from Outperform and reduced the target from $1,200 to $900. Truist Securities is the most bullish named target at $1,218, while Melius Research is the least bullish at $500, though that low target dates to July 2025. The substantive disagreement centers on whether record quarterly sales and power diversification outweigh cyclicality, earnings pressure and valuation risk.

Rating Actions

1 firm captured

Firm	Analyst	Rating	Price Target	Upside	Date	Source
Baird	Mircea Dobre	Neutral Downgrade and price-target reduction	$900from $1,200	+1.2%	Jul 27, 2026	Open the report this row came from

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

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Symbol: CAT
Type: Stock
Sector: Industrials
Industry: Construction/Ag Equipment/Trucks
Country: North America
Exchange: NYSE

For more than a century, Caterpillar has built a better, more sustainable world. With 2025 sales and revenues of $67.6 billion, Caterpillar Inc. is shaping the future as the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Backed by one of the largest independent global dealer networks and financing services through Cat Financial, the company's primary business segments: Power & Energy, Construction Industries and Resource Industries are solving customers' toughest challenges through commercial excellence and advanced technology, driven by a highly skilled, dedicated global team.

Key Issues

Bullish view

The second-quarter revenue increase of 24% to $20.5 billion, driven by higher volume and pricing, shows that demand and customer acceptance remain strong.

Bearish view

Caterpillar remains exposed to cyclical construction and industrial spending, while fiscal 2025 net income declined to $8.9 billion from $10.8 billion despite higher revenue.

Analyst Consensus

See all

Hold

23 analysts

$889

Current

$900

Low

$985

Average

$900

High

Average target implies +10.79% versus the current price.

Earnings History

BeatMissNo estimate

Caterpillar, Inc.

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

Covering Firms

Peers