Cummins Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, Cummins stock has a consensus rating of "Buy" and an average price target of $725.12. The average 1-year stock price forecast is 9.56% higher than the current stock price, while the lowest is $520 (-21.43%) and the highest is $845 (+27.68%).

Price Target: $725.12 (+9.56%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$520	$725.12	$752	$845
Change	-21.43%	+9.56%	+13.62%	+27.68%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	7	8	8	9	9	9
Buy	4	4	4	4	4	4
Hold	11	10	11	9	8	8
Sell	1	1	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	23	23	23	23	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chad Dillard Bernstein	Bernstein	Hold Maintains $600 → $700	Hold	Maintains	$600 → $700	+5.77%	Jun 2, 2026
Bill Selesky Argus Research	Argus Research	Buy Reiterates $696 → $770	Buy	Reiterates	$696 → $770	+16.34%	May 29, 2026
Timothy Thein Raymond James	Raymond James	Buy Reiterates $745	Buy	Reiterates	$745	+12.57%	May 26, 2026
Angel Castillo Morgan Stanley	Morgan Stanley	Buy Reiterates $752	Buy	Reiterates	$752	+13.62%	May 22, 2026
Jerry Revich Wells Fargo	Wells Fargo	Buy Maintains $794	Buy	Maintains	$794	+19.97%	May 22, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

36.94B

from 33.67B

9.71%

from 33.67B

Revenue Next Year

39.81B

from 36.94B

7.78%

from 36.94B

EPS This Year

28.92

from 23.78

21.63%

from 23.78

EPS Next Year

33.58

from 28.92

16.09%

from 28.92

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	24.02B	28.07B	34.07B	34.10B	33.67B	36.94B
Revenue Growth	21.25%	16.87%	21.34%	0.11%	-1.27%	9.71%
Gross Profit	5.70B	6.74B	8.25B	8.55B	8.67B	9.95B
Gross Margin	23.71%	23.99%	24.22%	25.07%	25.76%	26.93%
Operating Income	2.20B	2.69B	1.28B	3.78B	4.10B	5.63B
Net Income	2.13B	2.15B	735.00M	3.95B	2.84B	3.82B
EPS	-	-	-	-	23.78	28.92
EPS Growth	-	-	-	-	4.94%	21.63%
Forward PE	13.28	12.62	12.50	15.95	21.27	22.88
Dividend / Share	5.60	6.04	6.50	7.00	7.64	8.17
Dividend Growth	-	7.86%	7.62%	7.69%	9.14%	6.89%
Free Cash Flow	905.63M	257.88M	2.81B	14.63M	1.37B	2.88B
No. Analysts	-	-	-	-	-	17

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	37.7B
Avg	36.9B
Low	35.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.1%
Avg	9.7%
Low	5.3%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	28.92
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	21.6%
Low	-