Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
830.03
+15.22 (1.87%)
At close: Aug 3, 2026, 4:00 PM EDT
842.00
+11.97 (1.44%)
After-hours: Aug 3, 2026, 7:59 PM EDT

Caterpillar Stock Forecast

Stock Price Forecast

According to 28 analysts polled by S&P Global, Caterpillar stock has a consensus rating of "Buy" and an average price target of $958.83. The average 1-year stock price forecast is 15.52% higher than the current stock price, while the lowest is $575 (-30.73%) and the highest is $1,218 (+46.74%).

Price Target: $958.83 (+15.52%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$575$958.83$957.98$1,218
Change-30.73%+15.52%+15.42%+46.74%

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
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy141414141413
Buy111111
Hold121210111112
Sell000001
Strong Sell223221
Total292928282828

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Robert W. Baird
Robert W. Baird
Hold
Downgrades
$1,200$900
HoldDowngrades$1,200$900+8.43%Jul 29, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
n/a
BuyMaintainsn/an/aJul 28, 2026
Erste Group
Erste Group
Hold
Downgrades
n/a
HoldDowngradesn/an/aJul 27, 2026
Citi
Citi
Buy
Maintains
$1,100
BuyMaintains$1,100+32.53%Jul 22, 2026
Wells Fargo
Wells Fargo
Buy
Reiterates
$1,155
BuyReiterates$1,155+39.15%Jul 22, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
76.61B
from 67.59B
Increased by 13.34%
Revenue Next Year
84.98B
from 76.61B
Increased by 10.93%
EPS This Year
24.72
from 19.06
Increased by 29.71%
EPS Next Year
30.45
from 24.72
Increased by 23.17%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B76.61B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%13.34%
Gross Profit
13.19B15.57B21.28B21.09B19.46B25.52B
Gross Margin
25.88%26.19%31.73%32.54%28.79%33.31%
Operating Income
8.27B9.76B13.67B13.56B11.76B14.00B
Net Income
6.49B6.71B10.34B10.79B8.88B11.21B
EPS
----19.0624.72
EPS Growth
-----12.97%29.71%
Forward PE
17.9515.8314.5117.0627.7333.57
Dividend / Share
4.364.715.105.535.946.20
Dividend Growth
-8.03%8.28%8.43%7.41%4.37%
Free Cash Flow
7.04B3.58B8.56B5.29B5.84B9.34B
No. Analysts
-----16
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High79.5B
Avg76.6B
Low73.7B

Revenue Growth

Revenue Growth202620272028
High
17.6%
Avg
13.3%
Low
9.1%

EPS Forecast

EPS202620272028
High26.33
Avg24.72
Low23.05

EPS Growth

EPS Growth202620272028
High
38.1%
Avg
29.7%
Low
20.9%