Cummins Inc. (CMI)

Cummins Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Cummins stock have an average target of 351.92, with a low estimate of 225 and a high estimate of 435. The average target predicts an increase of 0.95% from the current stock price of 348.60.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$225	$351.92	$370	$435
Change	-35.46%	+0.95%	+6.14%	+24.78%

Analyst Ratings

The average analyst rating for Cummins stock from 14 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	4	4	4	4	4	5
Buy	1	1	1	1	2	2
Hold	5	6	6	6	5	6
Sell	3	3	3	3	2	1
Strong Sell	0	0	0	0	0	0
Total	13	14	14	14	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Cook Truist Securities	Truist Securities	Hold Maintains $369 → $424	Hold	Maintains	$369 → $424	+21.63%	Dec 19, 2024
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $415 → $435	Strong Buy	Maintains	$415 → $435	+24.78%	Dec 9, 2024
Tami Zakaria JP Morgan	JP Morgan	Sell → Hold Upgrades $355 → $420	Sell → Hold	Upgrades	$355 → $420	+20.48%	Dec 9, 2024
Stephen Volkmann Jefferies	Jefferies	Strong Buy Maintains $410 → $435	Strong Buy	Maintains	$410 → $435	+24.78%	Dec 6, 2024
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $375 → $415	Strong Buy	Maintains	$375 → $415	+19.05%	Nov 20, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

34.10B

Increased by 0.09%

from 34.07B

Revenue Next Year

35.06B

Increased by 2.84%

from 34.10B

EPS This Year

21.08

Increased by 309.38%

from 5.15

EPS Next Year

22.64

Increased by 7.37%

from 21.08

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	23.57B	19.81B	24.02B	28.07B	34.07B	34.10B	35.06B	38.10B
Revenue Growth	-0.84%	-15.95%	21.25%	16.87%	21.34%	0.09%	2.84%	8.65%
EPS	14.48	12.01	14.61	15.12	5.15	21.08	22.64	27.13
EPS Growth	10.11%	-17.06%	21.65%	3.49%	-65.94%	309.38%	7.37%	19.83%
Forward PE	-	-	-	-	-	16.53	15.40	12.85
No. Analysts	-	-	-	-	-	25	25	19

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	36.0B	38.8B	42.5B
Avg	34.1B	35.1B	38.1B
Low	32.8B	32.6B	34.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	5.7%	13.9%	21.2%
Avg	0.1%	2.8%	8.6%
Low	-3.8%	-4.5%	-0.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	22.63	26.93	33.45
Avg	21.08	22.64	27.13
Low	19.45	19.21	23.45

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	339.4%	27.7%	47.8%
Avg	309.4%	7.4%	19.8%
Low	277.7%	-8.9%	3.6%

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.