Caterpillar (CAT) Stock Forecast, Price Target & Predictions


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CAT Stock Forecast


Caterpillar stock forecast is as follows: an average price target of $277.27 (represents a -19.70% downside from CAT’s last price of $345.31) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

CAT Price Target


The average price target for Caterpillar (CAT) is $277.27 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $408.00 to $190.00. This represents a potential -19.70% downside from CAT's last price of $345.31.

CAT Analyst Ratings


Buy

According to 18 Wall Street analysts, Caterpillar's rating consensus is 'Buy'. The analyst rating breakdown for CAT stock is 0 'Strong Buy' (0.00%), 12 'Buy' (66.67%), 5 'Hold' (27.78%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).

Caterpillar Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 07, 2024Michael FenigerBank of America Securities$376.00$327.6414.76%8.89%
Aug 07, 2024Jamie CookTruist Financial$399.00$330.1020.87%15.55%
Aug 06, 2024Jerry RevichGoldman Sachs$408.00$326.4424.98%18.15%
May 07, 2024Ivan FeinsethTigress Financial$345.00$345.00--0.09%
Apr 30, 2024Helen FangHSBC$360.00$349.802.92%4.25%
Mar 14, 2024Jamie CookTruist Financial$390.00$342.9513.72%12.94%
Feb 05, 2024Tami ZakariaJ.P. Morgan$320.00$315.091.56%-7.33%
Dec 29, 2023Stanley ElliottStifel Nicolaus$293.00$296.88-1.31%-15.15%
Oct 31, 2023Stanley ElliottStifel Nicolaus$300.00$242.1623.89%-13.12%
Feb 06, 2023-Citigroup$260.00$247.764.94%-24.71%
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The latest Caterpillar stock forecast, released on Aug 07, 2024 by Michael Feniger from Bank of America Securities, set a price target of $376.00, which represents a 14.76% increase from the stock price at the time of the forecast ($327.64), and a 8.89% increase from CAT last price ($345.31).

Caterpillar Price Target by Period


1M3M12M
# Anlaysts-39
Avg Price Target-$394.33$354.56
Last Closing Price$345.31$345.31$345.31
Upside/Downside-100.00%14.20%2.68%

In the current month, the average price target of Caterpillar stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Caterpillar's last price of $345.31. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 07, 2024Bank of America SecuritiesBuyBuyHold
Aug 07, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 06, 2024Goldman SachsBuyBuyHold
Jun 27, 2024Raymond James-Market PerformInitialise
Jun 26, 2024CitigroupNeutralBuyInitialise
May 07, 2024Tigress FinancialBuyBuyHold
Apr 30, 2024HSBCHoldHoldHold
Apr 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Feb 05, 2024Cowen & Co.OutperformOutperformHold
Feb 05, 2024Tigress FinancialBuyBuyHold
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Caterpillar's last stock rating was published by Bank of America Securities on Aug 07, 2024. The company gave CAT a "Buy" rating, the same as its previous rate.

Caterpillar Financial Forecast


Caterpillar Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$17.07B$16.81B-$15.86B$16.60B$14.99B-$13.59B$13.80B$12.40B$12.89B$11.89B$11.23B$9.88B$10.00B$10.63B$13.14B$12.76B
Avg Forecast$17.78B$16.99B$17.03B$15.86B$17.21B$16.62B$17.03B$15.81B$16.88B$16.37B$16.91B$16.05B$17.09B$16.57B$16.46B$15.10B$15.82B$14.36B$14.28B$13.25B$13.20B$12.56B$12.51B$10.94B$11.19B$9.73B$9.33B$10.77B$13.35B$13.40B
High Forecast$18.36B$17.54B$17.59B$16.38B$17.78B$17.16B$17.59B$16.33B$17.44B$16.68B$17.46B$16.58B$17.58B$17.11B$17.00B$15.60B$16.34B$14.84B$14.28B$13.78B$13.72B$13.06B$13.01B$11.38B$11.63B$10.11B$9.69B$11.19B$13.88B$13.93B
Low Forecast$16.45B$15.72B$15.76B$14.68B$15.93B$15.38B$15.76B$14.63B$15.62B$15.94B$15.65B$14.86B$16.68B$15.69B$15.23B$13.97B$14.64B$13.29B$14.28B$12.73B$12.68B$12.06B$12.01B$10.51B$10.74B$9.34B$8.96B$10.34B$12.82B$12.87B
# Analysts99998888910949168912779148816118812712
Surprise %------------1.00%1.01%-1.05%1.05%1.04%-1.03%1.05%0.99%1.03%1.09%1.00%1.02%1.07%0.99%0.98%0.95%

Caterpillar's average Quarter revenue forecast for Mar 24 based on 4 analysts is $16.05B, with a low forecast of $14.86B, and a high forecast of $16.58B. CAT's average Quarter revenue forecast represents a -5.95% decrease compared to the company's last Quarter revenue of $17.07B (Dec 23).

Caterpillar EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949168912779148816118812712
EBITDA------------$3.68B$3.45B-$3.29B$3.70B$3.22B-$2.67B$3.25B$2.50B$2.59B$2.73B$1.69B$1.58B$1.43B$2.24B$2.13B$2.76B
Avg Forecast$3.66B$3.50B$3.51B$3.27B$3.55B$3.42B$3.51B$3.26B$3.48B$3.37B$3.48B$2.88B$3.52B$3.41B$3.39B$2.62B$3.26B$2.18B$2.94B$2.38B$2.63B$1.98B$2.35B$1.57B$1.08B$1.37B$613.59M$2.36B$1.91B$2.97B
High Forecast$3.78B$3.61B$3.62B$3.37B$3.66B$3.53B$3.62B$3.36B$3.59B$3.44B$3.60B$3.46B$3.62B$3.52B$3.50B$3.15B$3.37B$2.61B$2.94B$2.86B$3.16B$2.37B$2.82B$1.88B$1.29B$1.64B$736.31M$2.84B$2.29B$3.56B
Low Forecast$3.39B$3.24B$3.25B$3.02B$3.28B$3.17B$3.24B$3.01B$3.22B$3.28B$3.22B$2.31B$3.43B$3.23B$3.14B$2.10B$3.02B$1.74B$2.94B$1.91B$2.10B$1.58B$1.88B$1.25B$860.42M$1.10B$490.88M$1.89B$1.53B$2.38B
Surprise %------------1.05%1.01%-1.26%1.14%1.48%-1.12%1.23%1.26%1.10%1.75%1.58%1.16%2.33%0.95%1.12%0.93%

4 analysts predict CAT's average Quarter EBITDA for Mar 24 to be $2.88B, with a high of $3.46B and a low of $2.31B. This is -21.58% lower than Caterpillar's previous annual EBITDA (Dec 23) of $3.68B.

Caterpillar Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949168912779148816118812712
Net Income------------$2.68B--$1.94B$1.45B$2.04B-$1.54B$2.13B$1.43B$1.41B$1.53B$780.00M$668.00M$458.00M$1.09B$1.10B$1.49B
Avg Forecast$2.76B$2.78B$2.95B$2.62B$2.58B$2.65B$2.96B$2.68B$2.50B$2.63B$2.72B$1.66B$2.33B$2.35B$2.24B$1.51B$1.97B$1.24B$1.50B$1.37B$1.72B$1.13B$1.28B$876.20M$495.22M$577.42M$196.80M$1.15B$982.66M$1.61B
High Forecast$2.88B$2.90B$3.08B$2.73B$2.69B$2.76B$3.09B$2.79B$2.61B$2.74B$2.84B$1.99B$2.48B$2.52B$2.33B$1.81B$2.05B$1.49B$1.50B$1.65B$2.06B$1.35B$1.54B$1.05B$594.27M$692.91M$236.16M$1.38B$1.18B$1.93B
Low Forecast$2.49B$2.51B$2.66B$2.36B$2.33B$2.39B$2.67B$2.42B$2.26B$2.50B$2.46B$1.33B$2.13B$2.15B$2.02B$1.21B$1.78B$992.50M$1.50B$1.10B$1.37B$902.27M$1.03B$700.96M$396.18M$461.94M$157.44M$920.12M$786.13M$1.29B
Surprise %------------1.15%--1.29%0.74%1.65%-1.12%1.24%1.26%1.10%1.75%1.58%1.16%2.33%0.95%1.12%0.93%

Caterpillar's average Quarter net income forecast for Mar 24 is $1.66B, with a range of $1.33B to $1.99B. CAT's average Quarter net income forecast represents a -37.99% decrease compared to the company's last Quarter net income of $2.68B (Dec 23).

Caterpillar SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949168912779148816118812712
SG&A------------$1.76B$1.62B-$1.46B$1.48B$1.40B-$1.35B$1.42B$1.34B$1.36B$1.24B$1.22B$1.13B$1.18B$1.12B$1.28B$1.25B
Avg Forecast$1.79B$1.71B$1.71B$1.59B$1.73B$1.67B$1.71B$1.59B$1.70B$1.65B$1.70B$1.45B$1.72B$1.67B$1.65B$1.32B$1.59B$1.17B$1.43B$1.20B$1.15B$1.06B$1.24B$709.55M$772.04M$973.32M$506.60M$1.18B$1.15B$1.35B
High Forecast$1.85B$1.76B$1.77B$1.65B$1.79B$1.73B$1.77B$1.64B$1.75B$1.68B$1.75B$1.74B$1.77B$1.72B$1.71B$1.59B$1.64B$1.40B$1.43B$1.44B$1.38B$1.27B$1.49B$851.46M$926.45M$1.17B$607.92M$1.42B$1.38B$1.62B
Low Forecast$1.65B$1.58B$1.58B$1.48B$1.60B$1.55B$1.58B$1.47B$1.57B$1.60B$1.57B$1.16B$1.68B$1.58B$1.53B$1.06B$1.47B$932.64M$1.43B$960.84M$921.15M$847.85M$990.33M$567.64M$617.63M$778.66M$405.28M$944.56M$918.58M$1.08B
Surprise %------------1.02%0.98%-1.11%0.93%1.20%-1.12%1.23%1.26%1.10%1.75%1.58%1.16%2.33%0.95%1.12%0.93%

Caterpillar's average Quarter SG&A projection for Mar 24 is $1.45B, based on 4 Wall Street analysts, with a range of $1.16B to $1.74B. The forecast indicates a -17.24% fall compared to CAT last annual SG&A of $1.76B (Dec 23).

Caterpillar EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998888910949168912779148816118812712
EPS------------$5.31--$3.76$2.81$3.89-$2.88$3.96$2.62$2.58$2.80$1.43$1.23$0.84$2.00$2.00$2.69
Avg Forecast$5.64$5.68$6.03$5.35$5.26$5.41$6.05$5.47$5.12$5.38$5.56$5.14$4.76$4.80$4.57$3.80$4.02$3.16$3.01$2.60$2.26$2.20$2.41$1.94$1.49$1.18$0.64$1.69$2.38$2.90
High Forecast$5.88$5.92$6.29$5.58$5.49$5.65$6.30$5.71$5.33$5.61$5.80$5.36$5.06$5.14$4.77$3.96$4.19$3.30$3.01$2.74$2.38$2.32$2.54$2.04$1.56$1.24$0.68$1.77$2.51$3.04
Low Forecast$5.10$5.13$5.44$4.83$4.75$4.89$5.46$4.94$4.62$5.11$5.02$4.64$4.35$4.39$4.13$3.43$3.63$2.86$3.01$2.47$2.14$2.09$2.29$1.84$1.41$1.12$0.61$1.60$2.26$2.75
Surprise %------------1.11%--0.99%0.70%1.23%-1.11%1.75%1.19%1.07%1.44%0.96%1.04%1.31%1.19%0.84%0.93%

According to 4 Wall Street analysts, Caterpillar's projected average Quarter EPS for Mar 24 is $5.14, with a low estimate of $4.64 and a high estimate of $5.36. This represents a -3.22% decrease compared to CAT previous annual EPS of $5.31 (Dec 23).

Caterpillar Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IDEXIdeanomics$0.20$1.00400.00%Hold
LEVLion Electric Company$0.75$1.80140.00%Hold
NKLANikola$5.40$9.5777.22%Buy
AGCOAGCO$90.93$139.0052.86%Buy
CNHICNH Industrial NV$11.45$17.0048.47%Buy
MTWManitowoc Company$9.68$12.7531.71%Buy
WNCWabash National$19.33$23.2520.28%Hold
ALGAlamo Group$178.84$215.0020.22%Buy
LNNLindsay$120.41$138.5015.02%Buy
OSKOshkosh$100.37$111.4010.99%Buy
DEDeere & Company$394.68$424.707.61%Buy
TEXTerex$51.42$54.906.77%Hold
PCARPACCAR$95.12$85.32-10.30%Buy
CATCaterpillar$345.31$277.27-19.70%Buy

CAT Forecast FAQ


Yes, according to 18 Wall Street analysts, Caterpillar (CAT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 66.67% of CAT's total ratings.

Caterpillar (CAT) average price target is $277.27 with a range of $190 to $408, implying a -19.70% from its last price of $345.31. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CAT stock, the company can go down by -19.70% (from the last price of $345.31 to the average price target of $277.27), up by 18.15% based on the highest stock price target, and down by -44.98% based on the lowest stock price target.

CAT's average twelve months analyst stock price target of $277.27 does not support the claim that Caterpillar can reach $500 in the near future.

Caterpillar's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $66.67B (high $68.86B, low $61.7B), average EBITDA is $13.73B (high $14.18B, low $12.71B), average net income is $10.87B (high $11.33B, low $9.81B), average SG&A $6.7B (high $6.92B, low $6.2B), and average EPS is $22.2 (high $23.15, low $20.05). CAT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $67.66B (high $69.88B, low $62.61B), average EBITDA is $13.93B (high $14.39B, low $12.89B), average net income is $11.11B (high $11.59B, low $10.03B), average SG&A $6.8B (high $7.02B, low $6.29B), and average EPS is $22.7 (high $23.67, low $20.5).

Based on Caterpillar's last annual report (Dec 2023), the company's revenue was $67.06B, beating the average analysts forecast of $65.23B by 2.81%. Apple's EBITDA was $15.11B, beating the average prediction of $12.94B by 16.73%. The company's net income was $10.34B, beating the average estimation of $8.43B by 22.61%. Apple's SG&A was $6.37B, beating the average forecast of $6.36B by 0.19%. Lastly, the company's EPS was $20.24, beating the average prediction of $17.94 by 12.82%. In terms of the last quarterly report (Dec 2023), Caterpillar's revenue was $17.07B, missing the average analysts' forecast of $17.09B by -0.11%. The company's EBITDA was $3.68B, beating the average prediction of $3.52B by 4.55%. Caterpillar's net income was $2.68B, beating the average estimation of $2.33B by 14.74%. The company's SG&A was $1.76B, beating the average forecast of $1.72B by 2.25%. Lastly, the company's EPS was $5.31, beating the average prediction of $4.76 by 11.45%