Caterpillar (CAT) Stock Forecast, Price Target & Predictions
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
CAT Analyst Ratings
Caterpillar Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 07, 2024 | Michael Feniger | Bank of America Securities | $376.00 | $327.64 | 14.76% | 8.89% |
Aug 07, 2024 | Jamie Cook | Truist Financial | $399.00 | $330.10 | 20.87% | 15.55% |
Aug 06, 2024 | Jerry Revich | Goldman Sachs | $408.00 | $326.44 | 24.98% | 18.15% |
May 07, 2024 | Ivan Feinseth | Tigress Financial | $345.00 | $345.00 | - | -0.09% |
Apr 30, 2024 | Helen Fang | HSBC | $360.00 | $349.80 | 2.92% | 4.25% |
Mar 14, 2024 | Jamie Cook | Truist Financial | $390.00 | $342.95 | 13.72% | 12.94% |
Feb 05, 2024 | Tami Zakaria | J.P. Morgan | $320.00 | $315.09 | 1.56% | -7.33% |
Dec 29, 2023 | Stanley Elliott | Stifel Nicolaus | $293.00 | $296.88 | -1.31% | -15.15% |
Oct 31, 2023 | Stanley Elliott | Stifel Nicolaus | $300.00 | $242.16 | 23.89% | -13.12% |
Feb 06, 2023 | - | Citigroup | $260.00 | $247.76 | 4.94% | -24.71% |
Caterpillar Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 3 | 9 |
Avg Price Target | - | $394.33 | $354.56 |
Last Closing Price | $345.31 | $345.31 | $345.31 |
Upside/Downside | -100.00% | 14.20% | 2.68% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 07, 2024 | Bank of America Securities | Buy | Buy | Hold |
Aug 07, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
Aug 06, 2024 | Goldman Sachs | Buy | Buy | Hold |
Jun 27, 2024 | Raymond James | - | Market Perform | Initialise |
Jun 26, 2024 | Citigroup | Neutral | Buy | Initialise |
May 07, 2024 | Tigress Financial | Buy | Buy | Hold |
Apr 30, 2024 | HSBC | Hold | Hold | Hold |
Apr 15, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Feb 05, 2024 | Cowen & Co. | Outperform | Outperform | Hold |
Feb 05, 2024 | Tigress Financial | Buy | Buy | Hold |
Caterpillar Financial Forecast
Caterpillar Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 |
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
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 EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
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% |
Caterpillar Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
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 SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
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 EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 16 | 8 | 9 | 12 | 7 | 7 | 9 | 14 | 8 | 8 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
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% |
Caterpillar Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
IDEX | Ideanomics | $0.20 | $1.00 | 400.00% | Hold |
LEV | Lion Electric Company | $0.75 | $1.80 | 140.00% | Hold |
NKLA | Nikola | $5.40 | $9.57 | 77.22% | Buy |
AGCO | AGCO | $90.93 | $139.00 | 52.86% | Buy |
CNHI | CNH Industrial NV | $11.45 | $17.00 | 48.47% | Buy |
MTW | Manitowoc Company | $9.68 | $12.75 | 31.71% | Buy |
WNC | Wabash National | $19.33 | $23.25 | 20.28% | Hold |
ALG | Alamo Group | $178.84 | $215.00 | 20.22% | Buy |
LNN | Lindsay | $120.41 | $138.50 | 15.02% | Buy |
OSK | Oshkosh | $100.37 | $111.40 | 10.99% | Buy |
DE | Deere & Company | $394.68 | $424.70 | 7.61% | Buy |
TEX | Terex | $51.42 | $54.90 | 6.77% | Hold |
PCAR | PACCAR | $95.12 | $85.32 | -10.30% | Buy |
CAT | Caterpillar | $345.31 | $277.27 | -19.70% | Buy |
CAT Forecast FAQ
Is Caterpillar a good buy?
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.
What is CAT's price target?
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.
Will Caterpillar stock go up soon?
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.
Can Caterpillar stock reach $500?
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.
What are Caterpillar's analysts' financial forecasts?
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).
Did the CAT's actual financial results beat the analysts' financial forecasts?
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%