Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
994.45
+10.21 (1.04%)
At close: Jun 24, 2026, 4:00 PM EDT
1,007.00
+12.55 (1.26%)
After-hours: Jun 24, 2026, 5:03 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 $949.68. The average 1-year stock price forecast is 4.50% lower than the current stock price, while the lowest is $575 (-42.18%) and the highest is $1,165 (+17.15%).

Price Target: $949.68 (-4.50%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$575$949.68$957.98$1,165
Change-42.18%-4.50%-3.67%+17.15%

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

RatingJan '26Feb '26Mar '26Apr '26May '26Jun '26
Strong Buy131414141414
Buy111111
Hold121212101111
Sell000000
Strong Sell222322
Total282929282828

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
J.P. Morgan
J.P. Morgan
Buy
Maintains
$1,125$1,165
BuyMaintains$1,125$1,165+17.15%Jun 23, 2026
Wells Fargo
Wells Fargo
Buy
Reiterates
$1,050$1,155
BuyReiterates$1,050$1,155+16.14%Jun 23, 2026
Barclays
Barclays
Hold
Maintains
$800
HoldMaintains$800-19.55%Jun 23, 2026
Bernstein
Bernstein
Hold
Maintains
$879
HoldMaintains$879-11.61%Jun 18, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
$989
BuyMaintains$989-0.55%Jun 12, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
76.20B
from 67.59B
Increased by 12.74%
Revenue Next Year
84.20B
from 76.20B
Increased by 10.50%
EPS This Year
24.60
from 19.06
Increased by 29.08%
EPS Next Year
30.11
from 24.60
Increased by 22.40%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
50.97B59.43B67.06B64.81B67.59B76.20B
Revenue Growth
22.09%16.59%12.84%-3.36%4.29%12.74%
Gross Profit
13.19B15.57B21.28B21.09B19.46B25.52B
Gross Margin
25.88%26.19%31.73%32.54%28.79%33.49%
Operating Income
8.27B9.76B13.67B13.56B11.76B14.03B
Net Income
6.49B6.71B10.34B10.79B8.88B11.27B
EPS
----19.0624.60
EPS Growth
-----12.97%29.08%
Forward PE
17.9515.8314.5117.0627.7340.42
Dividend / Share
4.364.715.105.535.946.20
Dividend Growth
-8.03%8.28%8.43%7.41%4.37%
Free Cash Flow
7.04B3.58B8.56B5.29B5.84B9.38B
No. Analysts
-----18
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High78.3B
Avg76.2B
Low72.3B

Revenue Growth

Revenue Growth202620272028
High
15.9%
Avg
12.7%
Low
6.9%

EPS Forecast

EPS202620272028
High27.05
Avg24.60
Low23.05

EPS Growth

EPS Growth202620272028
High
41.9%
Avg
29.1%
Low
20.9%