Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
779.16
-18.31 (-2.30%)
At close: Sep 1, 2026, 4:00 PM EDT
780.00
+0.84 (0.11%)
After-hours: Sep 1, 2026, 4:26 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 $975.61. The average 1-year stock price forecast is 25.21% higher than the current stock price, while the lowest is $575 (-26.20%) and the highest is $1,225 (+57.22%).

Price Target: $975.61 (+25.21%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$575$975.61$980.5$1,225
Change-26.20%+25.21%+25.84%+57.22%

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
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy141414141313
Buy111111
Hold121011111212
Sell000011
Strong Sell232211
Total292828282828

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Bernstein
Bernstein
Hold
Maintains
$879$1,002
HoldMaintains$879$1,002+28.60%Sep 1, 2026
Barclays
Barclays
Hold
Maintains
$900
HoldMaintains$900+15.51%Aug 19, 2026
Wells Fargo
Wells Fargo
Buy
Reiterates
$1,155
BuyReiterates$1,155+48.24%Aug 18, 2026
D.A. Davidson
D.A. Davidson
Hold
Maintains
$845$882
HoldMaintains$845$882+13.20%Aug 6, 2026
Truist Financial
Truist Financial
Buy
Reiterates
$1,218$1,225
BuyReiterates$1,218$1,225+57.22%Aug 5, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
79.14B
from 67.59B
Increased by 17.08%
Revenue Next Year
88.08B
from 79.14B
Increased by 11.30%
EPS This Year
27.19
from 19.06
Increased by 42.66%
EPS Next Year
32.33
from 27.19
Increased by 18.91%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B79.14B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%17.08%
Gross Profit
13.19B15.57B21.28B21.09B19.46B26.99B
Gross Margin
25.88%26.19%31.73%32.54%28.79%34.10%
Operating Income
8.27B9.76B13.67B13.56B11.76B15.16B
Net Income
6.49B6.71B10.34B10.79B8.88B12.31B
EPS
----19.0627.19
EPS Growth
-----12.97%42.66%
Forward PE
17.9515.8314.5117.0627.7328.65
Dividend / Share
4.364.715.105.535.946.19
Dividend Growth
5.83%8.03%8.28%8.43%7.41%4.21%
Free Cash Flow
7.04B3.58B8.56B5.29B5.84B11.37B
No. Analysts
-----17
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High81.0B
Avg79.1B
Low75.9B

Revenue Growth

Revenue Growth202620272028
High
19.8%
Avg
17.1%
Low
12.3%

EPS Forecast

EPS202620272028
High29.15
Avg27.19
Low24.26

EPS Growth

EPS Growth202620272028
High
52.9%
Avg
42.7%
Low
27.3%