Cummins (CMI) Stock Forecast, Price Target & Predictions
CMI Stock Forecast
Cummins stock forecast is as follows: an average price target of $271.11 (represents a -18.58% downside from CMI’s last price of $332.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
CMI Price Target
The average price target for Cummins (CMI) is $271.11 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $321.00 to $220.00. This represents a potential -18.58% downside from CMI's last price of $332.99.
CMI Analyst Ratings
According to 11 Wall Street analysts, Cummins's rating consensus is 'Buy'. The analyst rating breakdown for CMI stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cummins Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Adam Seiden | Barclays | $310.00 | $290.36 | 6.76% | -6.90% |
| Mar 15, 2024 | Steven Fisher | UBS | $321.00 | $274.84 | 16.80% | -3.60% |
| Mar 14, 2024 | Jamie Cook | Truist Financial | $303.00 | $262.28 | 15.52% | -9.01% |
| Feb 07, 2023 | - | Deutsche Bank | $231.00 | $251.66 | -8.21% | -30.63% |
| Feb 07, 2023 | - | Credit Suisse | $291.00 | $250.90 | 15.98% | -12.61% |
| Dec 14, 2022 | - | Morgan Stanley | $264.00 | $246.47 | 7.11% | -20.72% |
| Aug 15, 2022 | Jamie Cook | Credit Suisse | $266.00 | $227.76 | 16.79% | -20.12% |
| May 04, 2022 | - | Credit Suisse | $270.00 | $201.88 | 33.74% | -18.92% |
| Apr 18, 2022 | Nicole DeBlase | Deutsche Bank | $233.00 | $196.71 | 18.45% | -30.03% |
| Apr 16, 2022 | Timothy Thein | Citigroup | $220.00 | $195.94 | 12.28% | -33.93% |
The latest Cummins stock forecast, released on Aug 05, 2024 by Adam Seiden from Barclays, set a price target of $310.00, which represents a 6.76% increase from the stock price at the time of the forecast ($290.36), and a -6.90% decrease from CMI last price ($332.99).
Cummins Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $310.00 | $311.33 |
| Last Closing Price | $332.99 | $332.99 | $332.99 |
| Upside/Downside | -100.00% | -6.90% | -6.50% |
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 $332.99. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 09, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 05, 2024 | Truist Financial | Buy | Buy | Hold |
| Aug 05, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 01, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jun 27, 2024 | Raymond James | - | Market Perform | Initialise |
| Jun 26, 2024 | Truist Financial | Buy | Buy | Hold |
| Jun 26, 2024 | Citigroup | - | Buy | Initialise |
| May 10, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 15, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Mar 15, 2024 | UBS | Neutral | Buy | Upgrade |
Cummins's last stock rating was published by Citigroup on Oct 09, 2024. The company gave CMI a "Buy" rating, the same as its previous rate.
Cummins Financial Forecast
Cummins 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $9.62B | $9.65B | $9.88B | $9.27B | $8.84B | $8.84B | $8.75B | $8.20B | $8.15B | $8.30B | $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 | $9.62B | $9.65B | $9.88B | $9.27B | $8.84B | $8.84B | $8.75B | $8.20B | $8.15B | $8.77B | $8.33B | $8.45B | $8.35B | $8.46B | $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 |
| Low Forecast | $9.62B | $9.65B | $9.88B | $9.27B | $8.84B | $8.84B | $8.75B | $8.20B | $8.15B | $7.83B | $8.33B | $8.45B | $8.00B | $7.92B | $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 |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| 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 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 | Jun 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 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| 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 | $1.09B | $1.10B | $1.12B | $1.05B | $1.01B | $1.00B | $994.24M | $931.99M | $926.86M | $943.65M | $946.88M | $786.19M | $920.75M | $929.25M | $953.98M | $714.72M | $828.16M | $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 | $1.09B | $1.10B | $1.12B | $1.05B | $1.01B | $1.00B | $994.24M | $931.99M | $926.86M | $997.34M | $946.88M | $943.42M | $949.24M | $961.69M | $953.98M | $857.66M | $828.16M | $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 | $1.09B | $1.10B | $1.12B | $1.05B | $1.01B | $1.00B | $994.24M | $931.99M | $926.86M | $889.95M | $946.88M | $628.95M | $909.36M | $900.62M | $953.98M | $571.77M | $828.16M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | -1.32% | 1.02% | 1.05% | 1.91% | 1.04% | 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 $920.75M, with a high of $949.24M and a low of $909.36M. This is -3.08% lower than Cummins's previous annual EBITDA (Sep 23) of $950.00M.
Cummins 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 | Jun 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 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| 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 | $1.06B | $1.02B | $971.90M | $847.33M | $829.60M | $845.41M | $817.26M | $718.43M | $655.56M | $664.28M | $666.44M | $437.58M | $613.62M | $648.15M | $724.34M | $397.80M | $622.98M | $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 | $1.06B | $1.02B | $971.90M | $847.33M | $829.60M | $845.41M | $817.26M | $718.43M | $655.56M | $690.09M | $666.46M | $525.10M | $644.23M | $694.94M | $724.34M | $477.37M | $622.98M | $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 | $1.06B | $1.02B | $971.90M | $847.33M | $829.60M | $845.41M | $817.26M | $718.43M | $655.56M | $624.88M | $666.43M | $350.07M | $571.88M | $602.74M | $724.34M | $318.24M | $622.98M | $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% | 1.01% | 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 $613.62M, with a range of $571.88M to $644.23M. CMI's average Quarter net income forecast represents a -6.46% decrease compared to the company's last Quarter net income of $656.00M (Sep 23).
Cummins 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 | Jun 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 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| 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 | $962.48M | $964.91M | $987.97M | $927.51M | $884.34M | $884.17M | $874.82M | $820.04M | $815.53M | $830.30M | $833.14M | $643.82M | $810.16M | $817.64M | $839.39M | $585.29M | $728.69M | $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 | $962.48M | $964.91M | $987.97M | $927.51M | $884.34M | $884.17M | $874.82M | $820.04M | $815.53M | $877.55M | $833.14M | $772.58M | $835.22M | $846.17M | $839.39M | $702.34M | $728.69M | $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 | $962.48M | $964.91M | $987.97M | $927.51M | $884.34M | $884.17M | $874.82M | $820.04M | $815.53M | $783.06M | $833.14M | $515.05M | $800.13M | $792.44M | $839.39M | $468.23M | $728.69M | $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% | 1.02% | 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 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 | Jun 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 | 7 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 5 | 9 | 6 | 4 | 4 |
| 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 | $7.69 | $7.38 | $7.05 | $6.14 | $6.02 | $6.13 | $5.93 | $5.21 | $4.75 | $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 | $7.69 | $7.38 | $7.05 | $6.14 | $6.02 | $6.13 | $5.93 | $5.21 | $4.75 | $5.00 | $4.83 | $5.11 | $4.67 | $5.04 | $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 |
| Low Forecast | $7.69 | $7.38 | $7.05 | $6.14 | $6.02 | $6.13 | $5.93 | $5.21 | $4.75 | $4.53 | $4.83 | $5.08 | $4.15 | $4.37 | $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 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AOS | A. O. Smith | $78.75 | $86.25 | 9.52% | Buy |
| EMR | Emerson Electric | $110.45 | $116.55 | 5.52% | Buy |
| ROK | Rockwell Automation | $272.63 | $283.77 | 4.09% | Buy |
| DOV | Dover | $194.88 | $183.18 | -6.00% | Buy |
| PNR | Pentair | $99.29 | $89.38 | -9.98% | Buy |
| ITW | Illinois Tool Works | $260.66 | $230.92 | -11.41% | Hold |
| PH | Parker-Hannifin | $639.84 | $524.93 | -17.96% | Buy |
| CMI | Cummins | $332.99 | $271.11 | -18.58% | Buy |
| IR | Ingersoll Rand | $101.03 | $70.67 | -30.05% | Buy |
| ETN | Eaton | $348.49 | $236.10 | -32.25% | Buy |
CMI Forecast FAQ
Is Cummins a good buy?
Yes, according to 11 Wall Street analysts, Cummins (CMI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of CMI's total ratings.
What is CMI's price target?
Cummins (CMI) average price target is $271.11 with a range of $220 to $321, implying a -18.58% from its last price of $332.99. The data is based on 11 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 down by -18.58% (from the last price of $332.99 to the average price target of $271.11), down by -3.60% based on the highest stock price target, and down by -33.93% based on the lowest stock price target.
Can Cummins stock reach $500?
CMI's average twelve months analyst stock price target of $271.11 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 $34.63B (high $34.63B, low $34.63B), average EBITDA is $3.94B (high $3.94B, low $3.94B), average net income is $3.21B (high $3.21B, low $3.21B), average SG&A $3.46B (high $3.46B, low $3.46B), and average EPS is $23.28 (high $23.28, low $23.28). CMI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $38.42B (high $38.42B, low $38.42B), average EBITDA is $4.37B (high $4.37B, low $4.37B), average net income is $3.9B (high $3.9B, low $3.9B), average SG&A $3.84B (high $3.84B, low $3.84B), and average EPS is $28.26 (high $28.26, low $28.26).
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 $3.52B by -49.95%. The company's net income was $735M, missing the average estimation of $2.38B by -69.17%. 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 $920.75M by -231.63%. Cummins's net income was $-1.431B, missing the average estimation of $613.62M by -333.21%. 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%