Caterpillar Inc. (CAT)

Caterpillar Stock Forecast

Stock Price Forecast

The 17 analysts that cover Caterpillar stock have a consensus rating of "Buy" and an average price target of $655.94, which forecasts a -13.66% decrease in the stock price over the next year. The lowest target is $425 and the highest is $825.

Price Target: $655.94 (-13.66%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$425	$655.94	$658	$825
Change	-44.06%	-13.66%	-13.39%	+8.59%

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	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	5	5	6	5	6	6
Buy	4	4	5	5	5	5
Hold	3	5	5	5	5	5
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	15	17	16	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Feniger B of A Securities	B of A Securities	Strong Buy Maintains $735 → $825	Strong Buy	Maintains	$735 → $825	+8.59%	Feb 10, 2026
Angel Castillo Morgan Stanley	Morgan Stanley	Sell Maintains $400 → $425	Sell	Maintains	$400 → $425	-44.06%	Feb 3, 2026
Michael Shlisky DA Davidson	DA Davidson	Hold Maintains $569 → $650	Hold	Maintains	$569 → $650	-14.44%	Feb 2, 2026
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $710 → $760	Strong Buy	Maintains	$710 → $760	+0.03%	Feb 2, 2026
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $729 → $786	Strong Buy	Maintains	$729 → $786	+3.46%	Feb 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

74.57B

Increased by 10.33%

from 67.59B

Revenue Next Year

81.04B

Increased by 8.67%

from 74.57B

EPS This Year

22.76

Increased by 21.01%

from 18.81

EPS Next Year

27.74

Increased by 21.88%

from 22.76

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	50.97B	59.43B	67.06B	64.81B	67.59B	74.57B	81.04B
Revenue Growth	22.09%	16.59%	12.84%	-3.36%	4.29%	10.33%	8.67%
EPS	11.83	12.64	20.12	22.05	18.81	22.76	27.74
EPS Growth	116.67%	6.85%	59.18%	9.59%	-14.69%	21.01%	21.88%
Forward PE	-	-	-	-	-	33.38	27.38
No. Analysts	-	-	-	-	-	31	27

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	81.3B	92.0B
Avg	74.6B	81.0B
Low	70.5B	74.9B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	20.3%	23.4%
Avg	10.3%	8.7%
Low	4.3%	0.5%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	26.67	33.41
Avg	22.76	27.74
Low	19.60	23.74

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	41.8%	46.8%
Avg	21.0%	21.9%
Low	4.2%	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.