Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
623.94
+10.32 (1.68%)
At close: Nov 3, 2026, 4:00 PM EST
622.54
-1.41 (-0.23%)
After-hours: Nov 3, 2026, 7:58 PM EST

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 31.97% higher than the current stock price, while the lowest is $575 (-7.84%) and the highest is $1,045 (+67.43%).

Price Target: $823.41 (+31.97%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$575$823.41$800$1,045
Change-7.84%+31.97%+28.22%+67.43%

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
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy141313141515
Buy111122
Hold111212111111
Sell011100
Strong Sell211111
Total282828282929

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
D.A. Davidson
D.A. Davidson
Hold
Maintains
$882 → $685
HoldMaintains$882 → $685+9.79%Nov 2, 2026
Freedom Capital Markets
Freedom Capital Markets
Buy
Maintains
$980 → $800
BuyMaintains$980 → $800+28.22%Nov 2, 2026
Citi
Citi
Buy
Maintains
$950 → $800
BuyMaintains$950 → $800+28.22%Nov 2, 2026
Wells Fargo
Wells Fargo
Buy
Maintains
$840 → $805
BuyMaintains$840 → $805+29.02%Oct 30, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
$1,100 → $1,000
BuyMaintains$1,100 → $1,000+60.27%Oct 30, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
79.41B
from 67.59B
Increased by 17.48%
Revenue Next Year
88.54B
from 79.41B
Increased by 11.50%
EPS This Year
27.50
from 19.06
Increased by 44.27%
EPS Next Year
32.25
from 27.50
Increased by 17.29%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B79.41B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%17.48%
Gross Profit
13.19B15.57B21.28B21.09B19.46B26.87B
Gross Margin
25.88%26.19%31.73%32.54%28.79%33.84%
Operating Income
8.27B9.76B13.67B13.56B11.76B15.25B
Net Income
6.49B6.71B10.34B10.79B8.88B12.31B
EPS
----19.0627.50
EPS Growth
-----12.97%44.27%
Forward PE
17.9515.8314.5117.0627.7322.69
Dividend / Share
4.364.715.105.535.946.20
Dividend Growth
5.83%8.03%8.28%8.43%7.41%4.32%
Free Cash Flow
----8.92B12.35B
No. Analysts
-----15
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High80.4B
Avg79.4B
Low78.5B

Revenue Growth

Revenue Growth202620272028
High
18.9%
Avg
17.5%
Low
16.1%

EPS Forecast

EPS202620272028
High28.00
Avg27.50
Low27.24

EPS Growth

EPS Growth202620272028
High
46.9%
Avg
44.3%
Low
42.9%