Caterpillar Inc. (CAT)
NYSE: CAT · IEX Real-Time Price · USD
358.32
-1.56 (-0.43%)
Apr 17, 2024, 4:00 PM EDT - Market closed
Caterpillar Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Caterpillar stock have an average target of 305.47, with a low estimate of 191 and a high estimate of 435. The average target predicts a decrease of -14.75% from the current stock price of 358.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Caterpillar stock from 17 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 4 | 5 | 5 |
| Buy | 4 | 4 | 4 | 3 | 2 | 2 |
| Hold | 6 | 7 | 8 | 9 | 9 | 8 |
| Sell | 2 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Total | 18 | 19 | 20 | 19 | 18 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $385 → $435 | Buy | Maintains | $385 → $435 | +21.40% | Apr 16, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $357 → $408 | Strong Buy | Maintains | $357 → $408 | +13.86% | Apr 16, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $390 | Strong Buy | Initiates | $390 | +8.84% | Mar 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $321 → $338 | Buy → Hold | Downgrades | $321 → $338 | -5.67% | Feb 20, 2024 |
| Citigroup | Citigroup | Hold Maintains $255 → $340 | Hold | Maintains | $255 → $340 | -5.11% | Feb 12, 2024 |
Financial Forecast
Revenue This Year
67.92B
from 67.06B
Increased by 1.28%
Revenue Next Year
69.91B
from 67.92B
Increased by 2.93%
EPS This Year
21.52
from 20.12
Increased by 6.95%
EPS Next Year
22.70
from 21.52
Increased by 5.50%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 73.1B | 78.6B | 86.3B |
| Avg | 67.9B | 69.9B | 74.5B |
| Low | 63.3B | 60.2B | 63.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.9% | 15.7% | 23.4% |
| Avg | 1.3% | 2.9% | 6.5% |
| Low | -5.7% | -11.4% | -8.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 24.36 | 26.89 | 30.90 | 18.02 |
| Avg | 21.52 | 22.70 | 24.85 | 17.33 |
| Low | 19.31 | 19.79 | 20.82 | 16.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 21.1% | 25.0% | 36.1% | -27.5% |
| Avg | 7.0% | 5.5% | 9.5% | -30.3% |
| Low | -4.0% | -8.1% | -8.3% | -32.3% |
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.