Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
813.83
-49.61 (-5.75%)
At close: Oct 7, 2026, 4:00 PM EDT
815.56
+1.73 (0.21%)
After-hours: Oct 7, 2026, 7:59 PM EDT

Caterpillar Stock Forecast

Stock Price Forecast

According to 28 analysts polled by S&P Global, Caterpillar stock has a consensus rating of "Buy" and an average price target of $970.8. The average 1-year stock price forecast is 19.29% higher than the current stock price, while the lowest is $575 (-29.35%) and the highest is $1,155 (+41.92%).

Price Target: $970.8 (+19.29%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$575$970.8$980.5$1,155
Change-29.35%+19.29%+20.48%+41.92%

Analyst Ratings

The average analyst rating for Caterpillar stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy141413131414
Buy111111
Hold111112121111
Sell001111
Strong Sell221111
Total282828282828

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Truist Financial
Truist Financial
Buy
Maintains
$1,225 → $1,100
BuyMaintains$1,225 → $1,100+35.16%Oct 5, 2026
Bernstein
Bernstein
Hold
Maintains
$1,002
HoldMaintains$1,002+23.12%Sep 29, 2026
Morgan Stanley
Morgan Stanley
Hold
Reiterates
$915
HoldReiterates$915+12.43%Sep 29, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
$989
BuyMaintains$989+21.52%Sep 28, 2026
Barclays
Barclays
Hold
Maintains
$900
HoldMaintains$900+10.59%Sep 16, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
78.99B
from 67.59B
Increased by 16.86%
Revenue Next Year
88.17B
from 78.99B
Increased by 11.62%
EPS This Year
27.21
from 19.06
Increased by 42.75%
EPS Next Year
32.43
from 27.21
Increased by 19.19%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B78.99B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%16.86%
Gross Profit
13.19B15.57B21.28B21.09B19.46B26.92B
Gross Margin
25.88%26.19%31.73%32.54%28.79%34.08%
Operating Income
8.27B9.76B13.67B13.56B11.76B15.16B
Net Income
6.49B6.71B10.34B10.79B8.88B12.32B
EPS
----19.0627.21
EPS Growth
-----12.97%42.75%
Forward PE
17.9515.8314.5117.0627.7329.91
Dividend / Share
4.364.715.105.535.946.19
Dividend Growth
5.83%8.03%8.28%8.43%7.41%4.21%
Free Cash Flow
----8.92B11.36B
No. Analysts
-----17
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High81.0B
Avg79.0B
Low75.4B

Revenue Growth

Revenue Growth202620272028
High
19.8%
Avg
16.9%
Low
11.6%

EPS Forecast

EPS202620272028
High29.15
Avg27.21
Low24.26

EPS Growth

EPS Growth202620272028
High
52.9%
Avg
42.8%
Low
27.3%