Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
782.72
-0.82 (-0.10%)
At close: Sep 16, 2026, 4:00 PM EDT
802.90
+20.18 (2.58%)
Pre-market: Sep 17, 2026, 7:51 AM 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 $975.61. The average 1-year stock price forecast is 24.64% higher than the current stock price, while the lowest is $575 (-26.54%) and the highest is $1,225 (+56.51%).

Price Target: $975.61 (+24.64%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$575$975.61$980.5$1,225
Change-26.54%+24.64%+25.27%+56.51%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy141414131313
Buy111111
Hold101111121212
Sell000111
Strong Sell322111
Total282828282828

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Barclays
Barclays
Hold
Maintains
$900
HoldMaintains$900+14.98%Sep 16, 2026
Citi
Citi
Buy
Reiterates
$1,100
BuyReiterates$1,100+40.54%Sep 14, 2026
Unknown Analyst
Stifel Nicolaus
No rating
Stifel Nicolaus
Buy
Upgrades
$980
BuyUpgrades$980+25.20%Sep 11, 2026
Freedom Capital Markets
Freedom Capital Markets
Buy
Upgrades
$980
BuyUpgrades$980+25.20%Sep 10, 2026
Bernstein
Bernstein
Hold
Maintains
$1,002
HoldMaintains$1,002+28.02%Sep 3, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
79.15B
from 67.59B
Increased by 17.11%
Revenue Next Year
88.05B
from 79.15B
Increased by 11.24%
EPS This Year
27.19
from 19.06
Increased by 42.64%
EPS Next Year
32.38
from 27.19
Increased by 19.09%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B79.15B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%17.11%
Gross Profit
13.19B15.57B21.28B21.09B19.46B26.98B
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
----19.0627.19
EPS Growth
-----12.97%42.64%
Forward PE
17.9515.8314.5117.0627.7328.79
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
7.04B3.58B8.56B5.29B5.84B11.36B
No. Analysts
-----17
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High81.0B
Avg79.2B
Low75.9B

Revenue Growth

Revenue Growth202620272028
High
19.8%
Avg
17.1%
Low
12.3%

EPS Forecast

EPS202620272028
High29.15
Avg27.19
Low24.26

EPS Growth

EPS Growth202620272028
High
52.9%
Avg
42.6%
Low
27.3%