Caterpillar Inc. (CAT)

Caterpillar Stock Forecast

Stock Price Forecast

The 15 analysts that cover Caterpillar stock have a consensus rating of "Buy" and an average price target of $537.73, which forecasts a -6.59% decrease in the stock price over the next year. The lowest target is $380 and the highest is $730.

Price Target: $537.73 (-6.59%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$380	$537.73	$540	$730
Change	-33.99%	-6.59%	-6.19%	+26.82%

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	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	4	4	5	5	5	5
Buy	3	3	3	4	4	4
Hold	6	6	5	3	3	5
Sell	0	0	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	13	13	13	13	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tami Zakaria JP Morgan	JP Morgan	Buy Maintains $650 → $730	Buy	Maintains	$650 → $730	+26.82%	Oct 30, 2025
Angel Castillo Morgan Stanley	Morgan Stanley	Sell Maintains $350 → $380	Sell	Maintains	$350 → $380	-33.99%	Oct 30, 2025
Chad Dillard Bernstein	Bernstein	Hold Maintains $502 → $557	Hold	Maintains	$502 → $557	-3.24%	Oct 30, 2025
Adam Seiden Barclays	Barclays	Hold Maintains $485 → $555	Hold	Maintains	$485 → $555	-3.59%	Oct 30, 2025
Jamie Cook Truist Securities	Truist Securities	Strong Buy Reiterates $582 → $729	Strong Buy	Reiterates	$582 → $729	+26.64%	Oct 30, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

65.12B

Increased by 0.49%

from 64.81B

Revenue Next Year

69.25B

Increased by 6.34%

from 65.12B

EPS This Year

18.03

Decreased by -18.25%

from 22.05

EPS Next Year

21.47

Increased by 19.09%

from 18.03

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	65.12B	69.25B
Revenue Growth	-22.40%	22.09%	16.59%	12.84%	-3.36%	0.49%	6.34%
EPS	5.46	11.83	12.64	20.12	22.05	18.03	21.47
EPS Growth	-49.16%	116.67%	6.85%	59.18%	9.59%	-18.25%	19.09%
Forward PE	-	-	-	-	-	31.93	26.81
No. Analysts	-	-	-	-	-	29	29

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	69.7B	78.1B
Avg	65.1B	69.3B
Low	60.5B	64.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.5%	19.9%
Avg	0.5%	6.3%
Low	-6.7%	-1.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	19.37	25.52
Avg	18.03	21.47
Low	16.79	17.25

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-12.1%	41.5%
Avg	-18.2%	19.1%
Low	-23.9%	-4.3%

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.