​

Cummins (CMI) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CMI Stock Forecast

Cummins stock forecast is as follows: an average price target of $363.33 (represents a 3.38% upside from CMI’s last price of $351.44) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

CMI Price Target

The average price target for Cummins (CMI) is $363.33 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $408.00 to $310.00. This represents a potential 3.38% upside from CMI's last price of $351.44.

CMI Analyst Ratings

Buy

According to 12 Wall Street analysts, Cummins's rating consensus is 'Buy'. The analyst rating breakdown for CMI stock is 0 'Strong Buy' (0.00%), 7 'Buy' (58.33%), 5 'Hold' (41.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Cummins Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024David RasoEvercore ISI$408.00$293.9738.79%16.09%
Nov 06, 2024Luke JunkRobert W. Baird$372.00$353.865.13%5.85%
Aug 05, 2024Adam SeidenBarclays$310.00$290.366.76%-11.79%
Mar 15, 2024Steven FisherUBS$321.00$274.8416.80%-8.66%
Mar 14, 2024Jamie CookTruist Financial$303.00$262.2815.52%-13.78%
Feb 07, 2023Deutsche Bank$231.00$251.66-8.21%-34.27%
Feb 07, 2023Credit Suisse$291.00$250.9015.98%-17.20%
Dec 14, 2022Morgan Stanley$264.00$246.477.11%-24.88%
Aug 15, 2022Jamie CookCredit Suisse$266.00$227.7616.79%-24.31%
May 04, 2022Credit Suisse$270.00$201.8833.74%-23.17%
Apr 18, 2022Nicole DeBlaseDeutsche Bank$233.00$196.7118.45%-33.70%
Apr 16, 2022Timothy TheinCitigroup$220.00$195.9412.28%-37.40%
Mar 21, 2022Steven FisherUBS$214.00$206.153.81%-39.11%
Oct 12, 2021Timothy TheinCitigroup$280.00$227.2223.23%-20.33%
Aug 24, 2021Jerry RevichGoldman Sachs$230.00$233.14-1.35%-34.55%
May 06, 2021Joel TissBMO Capital$270.00$259.564.02%-23.17%
May 05, 2021Adam SeidenBarclays$260.00$254.722.07%-26.02%

The latest Cummins stock forecast, released on Nov 13, 2024 by David Raso from Evercore ISI, set a price target of $408.00, which represents a 38.79% increase from the stock price at the time of the forecast ($293.97), and a 16.09% increase from CMI last price ($351.44).

Cummins Price Target by Period

1M3M12M
# Anlaysts-25
Avg Price Target-$390.00$342.80
Last Closing Price$351.44$351.44$351.44
Upside/Downside-100.00%10.97%-2.46%

In the current month, the average price target of Cummins stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cummins's last price of $351.44. 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
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
Mar 15, 2024UBSNeutralBuyUpgrade
Jan 19, 2024Bank of America SecuritiesUnderperformDowngrade
Feb 07, 2023Deutsche BankHoldHoldHold
Feb 07, 2023Credit SuisseOutperformOutperformHold
Dec 14, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 15, 2022Credit SuisseOutperformOutperformHold
Apr 26, 2022Zacks Investment ResearchHoldUpgrade
Apr 18, 2022Deutsche BankHoldHoldHold
Mar 21, 2022UBSNeutralDowngrade

Cummins's last stock rating was published by Evercore ISI on Nov 13, 2024. The company Upgrade its CMI rating from "null" to "Outperform".

Cummins Financial Forecast

Cummins Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$8.54B$14.79B$8.64B$8.45B$7.77B$7.33B$6.59B$6.38B$5.85B$5.97B$6.11B$6.09B$5.83B$5.12B$3.85B$5.01B$5.58B$5.77B
Avg Forecast$9.93B$9.79B$9.51B$8.66B$8.95B$8.90B$8.63B$8.04B$8.08B$8.29B$8.33B$8.45B$8.10B$8.17B$8.39B$8.10B$7.29B$6.58B$6.48B$6.02B$5.79B$5.87B$6.06B$5.37B$5.18B$4.51B$3.73B$4.93B$5.30B$5.88B
High Forecast$10.36B$10.22B$9.93B$9.04B$9.34B$9.29B$9.01B$8.21B$8.25B$8.31B$8.33B$8.45B$8.35B$8.46B$8.76B$8.45B$7.60B$6.58B$6.48B$6.02B$5.79B$5.87B$6.06B$5.37B$5.18B$4.51B$3.73B$4.93B$5.30B$5.88B
Low Forecast$9.60B$9.47B$9.19B$8.37B$8.66B$8.61B$8.35B$7.85B$7.99B$8.28B$8.33B$8.45B$8.00B$7.92B$8.12B$7.83B$7.04B$6.58B$6.48B$6.02B$5.79B$5.87B$6.06B$5.37B$5.18B$4.51B$3.73B$4.93B$5.30B$5.88B
# Analysts222211141153471366555111211109959644
Surprise %------------1.05%1.81%1.03%1.04%1.07%1.11%1.02%1.06%1.01%1.02%1.01%1.13%1.13%1.14%1.03%1.02%1.05%0.98%

Cummins's average Quarter revenue forecast for Mar 24 based on 4 analysts is $8.45B, with a low forecast of $8.45B, and a high forecast of $8.45B. CMI's average Quarter revenue forecast represents a -1.05% decrease compared to the company's last Quarter revenue of $8.54B (Dec 23).

Cummins EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211141153471366555111211109959644
EBITDA------------$-1.21B$950.00M$997.00M$1.36B$865.00M$885.00M$1.06B$845.00M$732.00M$856.00M$963.00M$973.00M$829.00M$874.00M$557.00M$829.00M$566.00M$965.00M
Avg Forecast$1.30B$1.28B$1.25B$1.13B$1.17B$1.17B$1.13B$1.05B$1.06B$1.09B$1.09B$786.19M$1.06B$1.07B$1.10B$714.72M$912.56M$747.88M$736.71M$649.74M$658.32M$667.16M$688.29M$804.76M$588.57M$512.42M$424.25M$487.47M$602.02M$668.23M
High Forecast$1.36B$1.34B$1.30B$1.18B$1.22B$1.22B$1.18B$1.08B$1.08B$1.09B$1.09B$943.42M$1.09B$1.11B$1.15B$857.66M$1.10B$747.88M$736.71M$779.69M$658.32M$667.16M$688.29M$965.71M$588.57M$512.42M$424.25M$584.96M$602.02M$668.23M
Low Forecast$1.26B$1.24B$1.20B$1.10B$1.13B$1.13B$1.09B$1.03B$1.05B$1.08B$1.09B$628.95M$1.05B$1.04B$1.06B$571.77M$730.05M$747.88M$736.71M$519.79M$658.32M$667.16M$688.29M$643.81M$588.57M$512.42M$424.25M$389.97M$602.02M$668.23M
Surprise %-------------1.14%0.89%0.91%1.91%0.95%1.18%1.43%1.30%1.11%1.28%1.40%1.21%1.41%1.71%1.31%1.70%0.94%1.44%

7 analysts predict CMI's average Quarter EBITDA for Dec 23 to be $1.06B, with a high of $1.09B and a low of $1.05B. This is 11.67% upper than Cummins's previous annual EBITDA (Sep 23) of $950.00M.

Cummins Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211141153471366555111211109959644
Net Income------------$-1.43B$656.00M$720.00M$790.00M$631.00M$400.00M$702.00M$418.00M$400.00M$534.00M$600.00M$603.00M$501.00M$501.00M$276.00M$511.00M$300.00M$622.00M
Avg Forecast$1.08B$1.10B$933.74M$796.57M$865.90M$872.73M$788.65M$694.06M$649.96M$665.46M$667.41M$437.58M$614.51M$649.09M$725.40M$397.80M$532.33M$665.63M$600.53M$361.64M$435.99M$536.70M$561.14M$498.73M$387.60M$333.93M$127.73M$300.48M$333.52M$527.75M
High Forecast$1.15B$1.16B$986.89M$841.92M$915.19M$922.41M$833.54M$755.49M$695.50M$668.00M$667.42M$525.10M$645.16M$695.95M$766.69M$477.37M$638.79M$665.63M$600.53M$433.97M$435.99M$536.70M$561.14M$598.48M$387.60M$333.93M$127.73M$360.57M$333.52M$527.75M
Low Forecast$1.04B$1.05B$893.63M$762.36M$828.71M$835.25M$754.78M$627.40M$536.80M$662.93M$667.39M$350.07M$572.70M$603.61M$694.24M$318.24M$425.86M$665.63M$600.53M$289.31M$435.99M$536.70M$561.14M$398.99M$387.60M$333.93M$127.73M$240.38M$333.52M$527.75M
Surprise %-------------2.33%1.01%0.99%1.99%1.19%0.60%1.17%1.16%0.92%0.99%1.07%1.21%1.29%1.50%2.16%1.70%0.90%1.18%

Cummins's average Quarter net income forecast for Dec 23 is $614.51M, with a range of $572.70M to $645.16M. CMI's average Quarter net income forecast represents a -6.33% decrease compared to the company's last Quarter net income of $656.00M (Sep 23).

Cummins SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211141153471366555111211109959644
SG&A------------$876.00M$831.00M$873.00M$753.00M$742.00M$708.00M$622.00M$615.00M$629.00M$571.00M$600.00M$574.00M$576.00M$533.00M$470.00M$546.00M$632.00M$600.00M
Avg Forecast$993.05M$979.28M$951.07M$865.80M$895.42M$890.41M$863.25M$804.06M$808.25M$829.52M$833.14M$643.82M$810.16M$817.64M$839.39M$585.29M$784.15M$658.05M$648.22M$532.08M$579.25M$587.02M$605.62M$474.75M$517.87M$450.87M$373.29M$321.06M$529.71M$587.96M
High Forecast$1.04B$1.02B$992.72M$903.71M$934.63M$929.40M$901.04M$821.33M$825.17M$830.83M$833.14M$772.58M$835.22M$846.17M$876.15M$702.34M$940.98M$658.05M$648.22M$638.49M$579.25M$587.02M$605.62M$569.70M$517.87M$450.87M$373.29M$385.27M$529.71M$587.96M
Low Forecast$960.24M$946.93M$919.65M$837.19M$865.84M$860.99M$834.73M$784.87M$799.29M$828.21M$833.14M$515.05M$800.13M$792.44M$811.66M$468.23M$627.32M$658.05M$648.22M$425.66M$579.25M$587.02M$605.62M$379.80M$517.87M$450.87M$373.29M$256.85M$529.71M$587.96M
Surprise %------------1.08%1.02%1.04%1.29%0.95%1.08%0.96%1.16%1.09%0.97%0.99%1.21%1.11%1.18%1.26%1.70%1.19%1.02%

Cummins's average Quarter SG&A projection for Mar 24 is $643.82M, based on 4 Wall Street analysts, with a range of $515.05M to $772.58M. The forecast indicates a -26.51% fall compared to CMI last annual SG&A of $876.00M (Dec 23).

Cummins EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211141153471366555111211109959644
EPS------------$-10.08$4.63$5.08$5.58$4.47$2.83$4.97$2.94$2.81$3.72$4.14$4.10$3.39$3.39$1.87$3.42$1.98$3.99
Avg Forecast$7.85$7.93$6.76$5.77$6.27$6.32$5.71$5.03$4.71$4.82$4.83$5.09$4.45$4.70$5.25$4.72$4.52$4.83$4.35$3.55$3.16$3.89$4.07$3.47$2.81$2.42$0.93$2.18$2.42$3.83
High Forecast$8.30$8.38$7.15$6.10$6.63$6.68$6.04$5.47$5.04$4.84$4.83$5.11$4.67$5.04$5.55$4.99$4.77$4.83$4.35$3.55$3.16$3.89$4.07$3.47$2.81$2.42$0.93$2.18$2.42$3.83
Low Forecast$7.51$7.59$6.47$5.52$6.00$6.05$5.47$4.54$3.89$4.80$4.83$5.08$4.15$4.37$5.03$4.52$4.32$4.83$4.35$3.55$3.16$3.89$4.07$3.47$2.81$2.42$0.93$2.18$2.42$3.83
Surprise %-------------2.27%0.99%0.97%1.18%0.99%0.59%1.14%0.83%0.89%0.96%1.02%1.18%1.21%1.40%2.02%1.57%0.82%1.04%

According to 7 Wall Street analysts, Cummins's projected average Quarter EPS for Dec 23 is $4.45, with a low estimate of $4.15 and a high estimate of $4.67. This represents a -3.89% decrease compared to CMI previous annual EPS of $4.63 (Sep 23).

Cummins Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AOSA. O. Smith$70.81$85.8021.17%Buy
DOVDover$196.54$212.638.19%Buy
EMREmerson Electric$128.08$136.756.77%Buy
ETNEaton$347.08$370.006.60%Buy
PHParker-Hannifin$665.99$690.333.65%Buy
IRIngersoll Rand$97.55$101.003.54%Buy
PNRPentair$105.49$107.802.19%Buy
CMICummins$361.23$363.330.58%Buy
ROKRockwell Automation$293.49$284.33-3.12%Buy
ITWIllinois Tool Works$267.88$255.67-4.56%Hold

CMI Forecast FAQ

Is Cummins a good buy?

Yes, according to 12 Wall Street analysts, Cummins (CMI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 58.33% of CMI's total ratings.

What is CMI's price target?

Cummins (CMI) average price target is $363.33 with a range of $310 to $408, implying a 3.38% from its last price of $351.44. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cummins stock go up soon?

According to Wall Street analysts' prediction for CMI stock, the company can go up by 3.38% (from the last price of $351.44 to the average price target of $363.33), up by 16.09% based on the highest stock price target, and down by -11.79% based on the lowest stock price target.

Can Cummins stock reach $500?

CMI's average twelve months analyst stock price target of $363.33 does not support the claim that Cummins can reach $500 in the near future.

What are Cummins's analysts' financial forecasts?

Cummins's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $34.53B (high $35.86B, low $33.46B), average EBITDA is $4.52B (high $4.7B, low $4.38B), average net income is $3.22B (high $3.43B, low $3.05B), average SG&A $3.45B (high $3.59B, low $3.35B), and average EPS is $23.33 (high $24.81, low $22.06). CMI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $37.89B (high $39.54B, low $36.63B), average EBITDA is $4.96B (high $5.18B, low $4.8B), average net income is $3.91B (high $4.13B, low $3.74B), average SG&A $3.79B (high $3.96B, low $3.66B), and average EPS is $28.31 (high $29.92, low $27.09).

Did the CMI's actual financial results beat the analysts' financial forecasts?

Based on Cummins's last annual report (Dec 2023), the company's revenue was $34.06B, beating the average analysts forecast of $32.76B by 3.97%. Apple's EBITDA was $1.76B, missing the average prediction of $3.95B by -55.36%. The company's net income was $735M, missing the average estimation of $2.39B by -69.21%. Apple's SG&A was $3.33B, beating the average forecast of $3.05B by 9.19%. Lastly, the company's EPS was $5.19, missing the average prediction of $19.12 by -72.86%. In terms of the last quarterly report (Dec 2023), Cummins's revenue was $8.54B, beating the average analysts' forecast of $8.1B by 5.47%. The company's EBITDA was $-1.212B, missing the average prediction of $1.06B by -214.25%. Cummins's net income was $-1.431B, missing the average estimation of $614.51M by -332.87%. The company's SG&A was $876M, beating the average forecast of $810.16M by 8.13%. Lastly, the company's EPS was $-10.08, missing the average prediction of $4.45 by -326.53%