Cummins Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Cummins stock have an average target of 271.92, with a low estimate of 225 and a high estimate of 321. The average target predicts a decrease of -7.10% from the current stock price of 292.70.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$225	$271.92	$275	$321
Change	-23.13%	-7.10%	-6.05%	+9.67%

Analyst Ratings

The average analyst rating for Cummins stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	2	2	2	3	3
Buy	1	1	2	2	1	1
Hold	5	6	5	5	6	5
Sell	1	1	3	3	3	3
Strong Sell	0	0	0	0	0	0
Total	9	10	12	12	13	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jerry Revich Goldman Sachs	Goldman Sachs	Hold Maintains $270 → $306	Hold	Maintains	$270 → $306	+4.54%	Apr 16, 2024
Tami Zakaria JP Morgan	JP Morgan	Sell Maintains $245 → $275	Sell	Maintains	$245 → $275	-6.05%	Mar 25, 2024
Steven Fisher UBS	UBS	Hold → Strong Buy Upgrades $254 → $321	Hold → Strong Buy	Upgrades	$254 → $321	+9.67%	Mar 15, 2024
Jamie Cook Truist Securities	Truist Securities	Hold Initiates $303	Hold	Initiates	$303	+3.52%	Mar 14, 2024
David Raso Evercore ISI Group	Evercore ISI Group	Hold Maintains $231 → $244	Hold	Maintains	$231 → $244	-16.64%	Feb 20, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.25B

from 34.07B

-2.38%

from 34.07B

Revenue Next Year

34.85B

from 33.25B

4.79%

from 33.25B

EPS This Year

18.50

from 5.15

259.26%

from 5.15

EPS Next Year

21.06

from 18.50

13.83%

from 18.50

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027
Revenue	23.57B	19.81B	24.02B	28.07B	34.07B	33.25B	34.85B	36.88B	37.13B
Revenue Growth	-0.84%	-15.95%	21.25%	16.87%	21.34%	-2.38%	4.79%	5.85%	0.68%
EPS	14.48	12.01	14.61	15.12	5.15	18.50	21.06	23.56	20.15
EPS Growth	10.11%	-17.06%	21.65%	3.49%	-65.94%	259.26%	13.83%	11.87%	-14.48%
No. Analysts	-	-	-	-	-	25	23	14	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027
High	35.6B	37.8B	41.4B	39.0B
Avg	33.3B	34.8B	36.9B	37.1B
Low	31.2B	32.3B	34.4B	35.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	4.6%	13.6%	18.7%	5.6%
Avg	-2.4%	4.8%	5.8%	0.7%
Low	-8.4%	-2.9%	-1.4%	-3.2%

EPS Forecast

EPS	2024	2025	2026	2027
High	20.39	23.84	28.67	20.95
Avg	18.50	21.06	23.56	20.15
Low	17.06	19.02	19.48	19.55

EPS Growth

EPS Growth	2024	2025	2026	2027
High	295.9%	28.8%	36.1%	-11.1%
Avg	259.3%	13.8%	11.9%	-14.5%
Low	231.3%	2.8%	-7.5%	-17.0%

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.