Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
389.59
+8.09 (2.12%)
At close: Nov 21, 2024, 4:00 PM
389.99
+0.40 (0.10%)
After-hours: Nov 21, 2024, 6:35 PM EST
Caterpillar Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Caterpillar stock have an average target of 363.75, with a low estimate of 245 and a high estimate of 500. The average target predicts a decrease of -6.63% from the current stock price of 389.59.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Caterpillar stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 5 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 9 | 9 | 9 | 9 | 8 | 7 |
| Sell | 1 | 1 | 1 | 1 | 2 | 3 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 17 | 17 | 18 | 18 | 18 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold → Sell Downgrades $321 → $365 | Hold → Sell | Downgrades | $321 → $365 | -6.31% | Nov 13, 2024 |
| UBS | UBS | Strong Sell Maintains $285 → $295 | Strong Sell | Maintains | $285 → $295 | -24.28% | Nov 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $445 → $435 | Strong Buy | Maintains | $445 → $435 | +11.66% | Oct 31, 2024 |
| Baird | Baird | Sell Maintains $299 → $300 | Sell | Maintains | $299 → $300 | -23.00% | Oct 31, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $435 → $500 | Buy | Maintains | $435 → $500 | +28.34% | Oct 14, 2024 |
Financial Forecast
Revenue This Year
65.55B
from 67.06B
Decreased by -2.25%
Revenue Next Year
66.08B
from 65.55B
Increased by 0.80%
EPS This Year
22.06
from 20.12
Increased by 9.65%
EPS Next Year
22.37
from 22.06
Increased by 1.42%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 69.0B | 72.8B | 80.9B | ||
| Avg | 65.6B | 66.1B | 69.6B | ||
| Low | 60.2B | 60.5B | 64.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.0% | 11.1% | 22.5% | ||
| Avg | -2.2% | 0.8% | 5.3% | ||
| Low | -10.2% | -7.7% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.55 | 26.20 | 30.14 | ||
| Avg | 22.06 | 22.37 | 24.05 | ||
| Low | 21.07 | 19.99 | 20.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.1% | 18.7% | 34.7% | ||
| Avg | 9.6% | 1.4% | 7.5% | ||
| Low | 4.7% | -9.4% | -7.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.