Cummins Inc. (CMI)

Cummins Stock Forecast

Stock Price Forecast

The 13 analysts that cover Cummins stock have a consensus rating of "Buy" and an average price target of $626.38, which forecasts a -11.22% decrease in the stock price over the next year. The lowest target is $355 and the highest is $794.

Price Target: $626.38 (-11.22%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$355	$626.38	$670	$794
Change	-49.68%	-11.22%	-5.04%	+12.54%

Analyst Ratings

The average analyst rating for Cummins stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	4	4	5	5	5	5
Buy	6	5	5	5	5	5
Hold	5	5	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	14	14	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Angel Castillo Morgan Stanley	Morgan Stanley	Buy Maintains $675 → $752	Buy	Maintains	$675 → $752	+6.58%	May 6, 2026
Jerry Revich Wells Fargo	Wells Fargo	Buy Maintains $693 → $794	Buy	Maintains	$693 → $794	+12.54%	May 6, 2026
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $703 → $730	Strong Buy	Maintains	$703 → $730	+3.46%	Apr 20, 2026
Kyle Menges Citigroup	Citigroup	Strong Buy Maintains $630 → $710	Strong Buy	Maintains	$630 → $710	+0.63%	Apr 13, 2026
Jerry Revich Wells Fargo	Wells Fargo	Buy Maintains $630 → $693	Buy	Maintains	$630 → $693	-1.78%	Apr 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

36.16B

Increased by 7.40%

from 33.67B

Revenue Next Year

39.21B

Increased by 8.43%

from 36.16B

EPS This Year

26.37

Increased by 28.65%

from 20.50

EPS Next Year

31.33

Increased by 18.81%

from 26.37

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	24.02B	28.07B	34.07B	34.10B	33.67B	36.16B	39.21B
Revenue Growth	21.25%	16.87%	21.34%	0.11%	-1.27%	7.40%	8.43%
EPS	14.61	15.12	5.15	28.37	20.50	26.37	31.33
EPS Growth	21.65%	3.49%	-65.94%	450.87%	-27.74%	28.65%	18.81%
Forward PE	-	-	-	-	-	26.75	22.52
No. Analysts	-	-	-	-	-	26	26

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032
High	38.3B	43.6B
Avg	36.2B	39.2B
Low	34.4B	36.8B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032
High	13.6%	20.5%
Avg	7.4%	8.4%
Low	2.3%	1.7%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	30.46	37.66
Avg	26.37	31.33
Low	23.44	26.45

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	48.6%	42.8%
Avg	28.6%	18.8%
Low	14.3%	0.3%

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 sources.