Caterpillar Inc. (CAT)

Caterpillar Stock Forecast

Stock Price Forecast

The 16 analysts that cover Caterpillar stock have a consensus rating of "Buy" and an average price target of $584.19, which forecasts a -0.80% decrease in the stock price over the next year. The lowest target is $395 and the highest is $730.

Price Target: $584.19 (-0.80%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$395	$584.19	$569	$730
Change	-32.93%	-0.80%	-3.38%	+23.95%

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

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	5	5	5	5	6	5
Buy	3	4	4	4	5	5
Hold	5	3	3	5	5	5
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	13	13	15	17	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $670 → $690	Strong Buy	Maintains	$670 → $690	+17.16%	Dec 11, 2025
Angel Castillo Morgan Stanley	Morgan Stanley	Sell Maintains $380 → $395	Sell	Maintains	$380 → $395	-32.93%	Dec 10, 2025
Jerry Revich Wells Fargo	Wells Fargo	Buy Initiates $675	Buy	Initiates	$675	+14.61%	Nov 14, 2025
Helen Fang HSBC	HSBC	Hold → Strong Buy Upgrades $405 → $660	Hold → Strong Buy	Upgrades	$405 → $660	+12.07%	Nov 6, 2025
Steven Fisher UBS	UBS	Hold Maintains $506 → $581	Hold	Maintains	$506 → $581	-1.35%	Nov 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

66.79B

Increased by 3.06%

from 64.81B

Revenue Next Year

72.23B

Increased by 8.15%

from 66.79B

EPS This Year

18.92

Decreased by -14.19%

from 22.05

EPS Next Year

22.39

Increased by 18.35%

from 18.92

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	41.75B	50.97B	59.43B	67.06B	64.81B	66.79B	72.23B
Revenue Growth	-22.40%	22.09%	16.59%	12.84%	-3.36%	3.06%	8.15%
EPS	5.46	11.83	12.64	20.12	22.05	18.92	22.39
EPS Growth	-49.16%	116.67%	6.85%	59.18%	9.59%	-14.19%	18.35%
Forward PE	-	-	-	-	-	31.13	26.30
No. Analysts	-	-	-	-	-	31	31

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	71.1B	80.2B
Avg	66.8B	72.2B
Low	61.4B	67.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	9.7%	20.1%
Avg	3.1%	8.1%
Low	-5.2%	1.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	20.52	26.67
Avg	18.92	22.39
Low	17.70	18.86

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-7.0%	41.0%
Avg	-14.2%	18.4%
Low	-19.7%	-0.3%

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.