Caterpillar Inc. (CAT)

Caterpillar Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Caterpillar stock have an average target of 356.53, with a low estimate of 245 and a high estimate of 500. The average target predicts a decrease of -6.08% from the current stock price of 379.63.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$245	$356.53	$340	$500
Change	-35.46%	-6.08%	-10.44%	+31.71%

Analyst Ratings

The average analyst rating for Caterpillar stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	5	6	6	6	6	6
Buy	1	1	1	1	1	1
Hold	9	9	9	9	9	8
Sell	1	1	1	1	1	2
Strong Sell	0	0	0	1	1	1
Total	16	17	17	18	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $445 → $435	Strong Buy	Maintains	$445 → $435	+14.59%	Oct 31, 2024
Mircea Dobre Baird	Baird	Sell Maintains $299 → $300	Sell	Maintains	$299 → $300	-20.98%	Oct 31, 2024
Tami Zakaria JP Morgan	JP Morgan	Buy Maintains $435 → $500	Buy	Maintains	$435 → $500	+31.71%	Oct 14, 2024
Angel Castillo Morgan Stanley	Morgan Stanley	Hold → Sell Downgrades $349 → $332	Hold → Sell	Downgrades	$349 → $332	-12.55%	Oct 14, 2024
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $380 → $445	Strong Buy	Maintains	$380 → $445	+17.22%	Oct 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

65.67B

Decreased by -2.08%

from 67.06B

Revenue Next Year

66.86B

Increased by 1.81%

from 65.67B

EPS This Year

22.24

Increased by 10.52%

from 20.12

EPS Next Year

22.73

Increased by 2.20%

from 22.24

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	53.80B	41.75B	50.97B	59.43B	67.06B	65.67B	66.86B	70.35B
Revenue Growth	-1.68%	-22.40%	22.09%	16.59%	12.84%	-2.08%	1.81%	5.22%
EPS	10.74	5.46	11.83	12.64	20.12	22.24	22.73	24.55
EPS Growth	4.68%	-49.16%	116.67%	6.85%	59.18%	10.52%	2.20%	8.01%
Forward PE	-	-	-	-	-	17.07	16.70	15.47
No. Analysts	-	-	-	-	-	28	28	19

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	69.6B	73.4B	81.6B
Avg	65.7B	66.9B	70.3B
Low	59.8B	59.5B	64.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	3.8%	11.8%	22.0%
Avg	-2.1%	1.8%	5.2%
Low	-10.9%	-9.4%	-3.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	24.23	26.20	30.14
Avg	22.24	22.73	24.55
Low	20.95	19.99	20.80

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	20.4%	17.8%	32.6%
Avg	10.5%	2.2%	8.0%
Low	4.1%	-10.1%	-8.5%

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.