Caterpillar Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, Caterpillar stock has a consensus rating of "Buy" and an average price target of $823.41. The average 1-year stock price forecast is 42.71% higher than the current stock price, while the lowest is $575 (-0.34%) and the highest is $1,045 (+81.06%).

Price Target: $823.41 (+42.71%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$575	$823.41	$800	$1,045
Change	-0.34%	+42.71%	+38.65%	+81.06%

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

Rating	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	14	13	13	14	15	15
Buy	1	1	1	1	2	2
Hold	11	12	12	11	11	11
Sell	0	1	1	1	0	0
Strong Sell	2	1	1	1	1	1
Total	28	28	28	28	29	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Raso Evercore ISI	Evercore ISI	Buy Maintains $1,045 → $833	Buy	Maintains	$1,045 → $833	+44.37%	Nov 10, 2026
Chad Dillard Bernstein	Bernstein	Hold Maintains $749 → $664	Hold	Maintains	$749 → $664	+15.08%	Nov 4, 2026
Michael Shlisky D.A. Davidson	D.A. Davidson	Hold Maintains $882 → $685	Hold	Maintains	$882 → $685	+18.72%	Nov 2, 2026
Sergey Glinyanov Freedom Capital Markets	Freedom Capital Markets	Buy Maintains $980 → $800	Buy	Maintains	$980 → $800	+38.65%	Nov 2, 2026
Kyle Menges Citi	Citi	Buy Maintains $950 → $800	Buy	Maintains	$950 → $800	+38.65%	Nov 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

79.41B

from 67.59B

17.48%

from 67.59B

Revenue Next Year

88.54B

from 79.41B

11.50%

from 79.41B

EPS This Year

27.11

from 19.06

42.24%

from 19.06

EPS Next Year

32.25

from 27.11

18.94%

from 27.11

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	50.97B	59.43B	67.06B	64.81B	67.59B	79.41B
Revenue Growth	22.09%	16.59%	12.84%	-3.36%	4.29%	17.48%
Gross Profit	13.19B	15.57B	21.28B	21.09B	19.46B	26.84B
Gross Margin	25.88%	26.19%	31.73%	32.54%	28.79%	33.80%
Operating Income	8.27B	9.76B	13.67B	13.56B	11.76B	15.25B
Net Income	6.49B	6.71B	10.34B	10.79B	8.88B	12.33B
EPS	-	-	-	-	19.06	27.11
EPS Growth	-	-	-	-	-12.97%	42.24%
Forward PE	17.95	15.83	14.51	17.06	27.73	21.28
Dividend / Share	4.36	4.71	5.10	5.53	5.94	6.20
Dividend Growth	5.83%	8.03%	8.28%	8.43%	7.41%	4.32%
Free Cash Flow	-	-	-	-	8.92B	12.35B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	80.4B
Avg	79.4B
Low	78.5B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	18.9%
Avg	17.5%
Low	16.1%

EPS Forecast

Chart

EPS	2026	2027	2028
High	28.00
Avg	27.11
Low	24.33

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	46.9%
Avg	42.2%
Low	27.6%