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Cummins (CMI) Stock Forecast, Price Target & Predictions

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CMI Stock Forecast

Cummins (CMI) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $363.33, with a high of $408.00 and a low of $310.00. This represents a 2.63% increase from the last price of $354.02.

$200 $250 $300 $350 $400 $450 High: $408 Avg: $363.33 Low: $310 Last Closed Price: $354.02

CMI Stock Rating

Cummins stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (58.33%), 5 Hold (41.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 0 5 7 Strong Sell Sell Hold Buy Strong Buy

CMI Forecast vs Benchmarks

TypeNameUpside
StockCummins2.63%
SectorIndustrials Stocks 15.95%
IndustryIndustrial Machinery Stocks10.90%

Price Target Trends

1M3M12M
# Anlaysts-25
Avg Price Target-$390.00$342.80
Last Closing Price$354.02$354.02$354.02
Upside/Downside-10.16%-3.17%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 252615-225
Dec, 242614-325
Nov, 2436141327
Oct, 2445142328
Sep, 2445142328
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024David RasoEvercore ISI$408.00$293.9738.79%15.25%
Nov 06, 2024Luke JunkRobert W. Baird$372.00$353.865.13%5.08%
Aug 05, 2024Adam SeidenBarclays$310.00$290.366.76%-12.43%
Mar 15, 2024Steven FisherUBS$321.00$274.8416.80%-9.33%
Mar 14, 2024Jamie CookTruist Financial$303.00$262.2815.53%-14.41%
Feb 07, 2023Deutsche Bank$231.00$251.66-8.21%-34.75%
Feb 07, 2023Credit Suisse$291.00$250.9015.98%-17.80%
Dec 14, 2022Morgan Stanley$264.00$246.477.11%-25.43%
Aug 15, 2022Jamie CookCredit Suisse$266.00$227.7616.79%-24.86%
May 04, 2022Credit Suisse$270.00$201.8833.74%-23.73%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 13, 2024Evercore ISIOutperformupgrade
Oct 09, 2024CitigroupBuyBuyhold
Aug 05, 2024Truist FinancialBuyBuyhold
Aug 05, 2024BarclaysEqual-WeightEqual-Weighthold
Aug 01, 2024Goldman SachsNeutralNeutralhold
Jun 27, 2024Raymond JamesMarket Performinitialise
Jun 26, 2024Truist FinancialBuyBuyhold
Jun 26, 2024CitigroupBuyinitialise
May 10, 2024Cowen & Co.BuyBuyhold
Apr 15, 2024Morgan StanleyOverweightOverweighthold

Financial Forecast

EPS Forecast

$5 $11 $17 $23 $29 $35 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$12.07$14.74$15.20$5.19-----
Avg Forecast$11.37$15.03$16.30$19.83$20.53$22.15$26.27$23.62$29.95
High Forecast$10.83$14.32$15.63$19.67$18.28$20.89$21.07$21.24$28.28
Low Forecast$11.84$15.66$17.16$20.01$27.90$25.45$29.07$27.22$31.99
Surprise %6.16%-1.93%-6.75%-73.83%-----

Revenue Forecast

$15B $21B $27B $33B $39B $45B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$19.81B$24.02B$28.07B$34.06B-----
Avg Forecast$19.16B$23.96B$27.56B$33.62B$33.75B$34.50B$37.31B$34.37B$38.52B
High Forecast$18.46B$23.08B$26.68B$33.53B$33.65B$33.02B$37.22B$33.66B$36.87B
Low Forecast$19.78B$24.73B$28.67B$33.87B$33.91B$35.87B$37.39B$35.08B$40.54B
Surprise %3.38%0.25%1.88%1.33%-----

Net Income Forecast

$500M $1B $2B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.79B$2.13B$2.15B$735.00M-----
Avg Forecast$1.20B$2.15B$2.14B$735.00M$3.30B$3.03B$3.49B$3.15B$4.27B
High Forecast$963.53M$1.72B$1.72B$588.00M$2.61B$2.98B$3.01B$3.03B$4.03B
Low Forecast$1.45B$2.59B$2.57B$882.00M$3.98B$3.63B$4.15B$3.88B$4.56B
Surprise %48.54%-1.08%0.32%------

CMI Forecast FAQ

Is Cummins stock a buy?

Cummins stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Cummins is a favorable investment for most analysts.

What is Cummins's price target?

Cummins's price target, set by 12 Wall Street analysts, averages $363.33 over the next 12 months. The price target range spans from $310 at the low end to $408 at the high end, suggesting a potential 2.63% change from the previous close price of $354.02.

How does Cummins stock forecast compare to the average forecast of its sector, industry, and investment themes?

Cummins stock forecast shows a 2.63% upside, underperforming the average forecast for the industrials stocks sector (15.95%) and underperforming the industrial machinery stocks industry (10.90%).

What is the breakdown of analyst ratings for Cummins over the past three months?

  • January 2025: 8.00% Strong Buy, 24.00% Buy, 60.00% Hold, 0% Sell, 8.00% Strong Sell.
  • December 2024: 8.00% Strong Buy, 24.00% Buy, 56.00% Hold, 0% Sell, 12.00% Strong Sell.
  • November 2024: 11.11% Strong Buy, 22.22% Buy, 51.85% Hold, 3.70% Sell, 11.11% Strong Sell.

What is Cummins’s EPS forecast?

Cummins's average annual EPS forecast for its fiscal year ending in December is 20.53 for 2024, a 295.57% increase from the reported $5.19 in 2023. The prediction for 2025 is $22.15, $26.27 for 2026, $23.62 for 2027, and $29.95 for 2028.

What is Cummins’s revenue forecast?

Cummins's average annual revenue forecast for its fiscal year ending in December is $33.75B for 2024, a -0.92% decrease from the reported $34.06B in 2023. The forecast for 2025 is $34.5B, $37.31B for 2026, $34.37B for 2027, and $38.52B for 2028.

What is Cummins’s net income forecast?

For its fiscal year ending in December, Cummins's average annual net income forecast is $3.3B for 2024, reflecting an 348.35% increase from the reported $735M in 2023. The projection for 2025 is $3.03B, $3.49B for 2026, $3.15B for 2027, and $4.27B for 2028.