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Caterpillar (CAT): analyst forecast and price target

$731 −0.66% close 16.10.26 · market cap $338B · Industrials · Agricultural - Machinery SPY 0.52%
Price targets and ratings of

Analyst consensus

Moderate Buy

7 Buy7 Hold0 Sell

Ratings of 14 analysts in the last 3 months · top analysts only

12-month forecast

$989+35.4% upside

Based on 14 price targets given in the last 3 months, the average target is $989, the highest $1,155, the lowest $882. The average is +35.4% from the last price of $731.

$600$800$1,000Jan 26AprJulOctJan 27AprJulOctHigh$1,155Average$989Low$882
Highest target $1,155 Average target $989 Lowest target $882
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Kristen Owen★★★★★★★★★★#2678 · hits 49% · avg +6.0% Oppenheimer $1,118 → $1,009−9.7% Buy +38.1% Reiterated 14.10.26on TipRanks 08:08 −2.0%next day −2.1%
Angel Castillo★★★★★★★★★★#5929 · hits 50% · avg +1.4% Morgan Stanley $915 Hold +25.2% Reiterated 14.10.26on TipRanks 06:35 −2.0%next day −2.1%
Michael Feniger★★★★★★★★★★#1181 · hits 61% · avg +9.2% Bank of America Securities — Buy — Reiterated 12.10.26on TipRanks 10:10 −0.1%next day −3.3%
Kyle Menges★★★★★★★★★★#283 · hits 79% · avg +28.3% Citi $1,100 → $950−13.6% Buy +30.0% Reiterated 12.10.26on TipRanks 06:06 −0.1%next day −3.3%
Jerry Revich★★★★★★★★★★#1145 · hits 58% · avg +9.0% Wells Fargo $1,155 Buy +58.1% Reiterated 08.10.26on TipRanks Oct 9 06:00 −1.7%next day −0.1% · 5 days −7.3%
Tami Zakaria★★★★★★★★★★#1154 · hits 59% · avg +10.8% J.P. Morgan $1,100 Buy +50.5% Reiterated 08.10.26on TipRanks 07:55 −1.7%next day −0.1% · 5 days −7.3%
Jamie Cook★★★★★★★★★★#159 · hits 68% · avg +18.2% Truist Financial $1,225 → $1,100−10.2% Buy +50.5% Reiterated 05.10.26on TipRanks 08:26 −0.4%next day +1.3% · 5 days −6.2%
Chad Dillard★★★★★★★★★★#1509 · hits 66% · avg +9.4% Bernstein $1,002 Hold +37.1% Reiterated 28.09.26on TipRanks Sep 29 07:35 +0.5%next day +1.0% · 5 days +2.2%
Adam Seiden★★★★★★★★★★#622 · hits 61% · avg +11.3% Barclays $900 Hold +23.2% Reiterated 16.09.26on TipRanks 05:09 +0.3%next day +0.9% · 5 days +1.7%
Unknown Analyst Stifel Nicolaus $980 Buy +34.1% Upgrade 10.09.26on TipRanks Sep 14 05:35 −0.7%next day +0.8% · 5 days −1.4%
Sergey Glinyanov★★★★★★★★★★#2851 · hits 65% · avg +23.7% Freedom Capital Markets $980 Buy +34.1% Upgrade 10.09.26on TipRanks 06:25 −0.7%next day +0.8% · 5 days −1.4%
Michael Shlisky★★★★★★★★★★#2083 · hits 48% · avg +6.3% D.A. Davidson $845 → $882+4.4% Hold +20.7% Reiterated 06.08.26on TipRanks 08:55 −1.5%next day −2.3% · 5 days −1.5%
Mircea Dobre★★★★★★★★★★#401 · hits 57% · avg +16.9% Robert W. Baird $900 → $970+7.8% Hold +32.7% Reiterated 05.08.26on TipRanks 07:50 −0.4%next day −1.5% · 5 days −2.1%
Sabahat Khan★★★★★★★★★★#1567 · hits 53% · avg +7.0% RBC Capital $877 → $897+2.3% Hold +22.7% Reiterated 05.08.26on TipRanks 07:41 −0.4%next day −1.5% · 5 days −2.1%
Steven Fisher★★★★★★★★★★#1721 · hits 57% · avg +6.9% UBS $900 → $925+2.8% Hold +26.6% Reiterated 05.08.26on TipRanks 07:41 −0.4%next day −1.5% · 5 days −2.1%
Hans Engel★★★★★★★★★★#1835 · hits 58% · avg +11.1% Erste Group — Hold — Downgrade 27.07.26on TipRanks 14:19 −1.8%next day −4.0% · 5 days −7.5%
Stephen Volkmann★★★★★★★★★★#168 · hits 68% · avg +19.6% Jefferies $1,045 Buy +43.0% Reiterated 22.05.26on TipRanks 10:25 +1.2%next day +2.6% · 5 days −3.4%
David Raso★★★★★★★★★★#1536 · hits 68% · avg +14.0% Evercore ISI $878 → $1,103+25.6% Buy +50.9% Reiterated 11.05.26on TipRanks 21:20 −1.4%next day −1.6% · 5 days −5.1%
Kristina Ruggeri★★★★★★★★★★#1597 · hits 59% · avg +12.0% Argus Research $820 → $990+20.7% Buy +35.5% Assigned 04.05.26on TipRanks May 5 09:20 −1.3%next day +2.6% · 5 days +3.0%
Unknown Analyst CICC $800 Buy +9.5% Initiated 06.02.26on TipRanks 22:10 +1.7%next day +0.3% · 5 days +4.6%
Greg Badishkanian★★★★★★★★★★#1529 · hits 55% · avg +8.3% Wolfe Research $470 → $670+42.6% Buy −8.3% Reiterated 30.01.26on TipRanks 10:11 −0.9%next day +4.6% · 5 days +10.7%
Timothy Thein★★★★★★★★★★#520 · hits 66% · avg +18.6% Raymond James — Hold — Reiterated 07.01.26on TipRanks 11:35 −3.9%next day +2.0% · 5 days +7.0%
Helen Fang★★★★★★★★★★#4974 · hits 50% · avg +6.9% HSBC $405 → $660+63.0% Buy −9.7% Upgrade 06.11.25on TipRanks Nov 5 18:40 +1.2%next day −1.3% · 5 days −3.1%
Unknown Analyst Roth MKM $513 → $645+25.7% Buy −11.7% Reiterated 30.10.25on TipRanks 08:20 +0.7%next day −1.3% · 5 days −0.9%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Caterpillar

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Kyle Menges★★★★★★★★★★Citi · #283
Hits 79%116 of 147 Average return +28.3%
1 year Stephen Volkmann★★★★★★★★★★Jefferies · #168
Hits 68%305 of 451 Average return +19.6%
2 years Stephen Volkmann★★★★★★★★★★Jefferies · #168
Hits 68%305 of 451 Average return +19.6%

Most profitable

3 months Kyle Menges★★★★★★★★★★Citi · #283
Hits 79%116 of 147 Average return +28.3%
1 year Kyle Menges★★★★★★★★★★Citi · #283
Hits 79%116 of 147 Average return +28.3%
2 years Stephen Volkmann★★★★★★★★★★Jefferies · #168
Hits 68%305 of 451 Average return +19.6%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $1,008 at a price of $811 (+24.4%); now: $983 at $731 (+34.5%).

$800$900$1,000Sep 15Oct 1Oct 15Top analysts$989Average target$983Price$731

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

020402716Oct 252218Nov2017Dec2416Jan 262315Feb2813Mar229Apr317May2813Jun2914Jul2118Aug1916Sep1512Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy312829211915
Hold71314181612
Sell000000

Earnings and sales forecast

Next report: 29.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $7.04 (from $6.23 to $8.48). Last quarter: $8.17.

Sales

Next quarter’s sales estimate — $20.8B (from $20.0B to $23.1B). Last quarter: $20.5B.

Best top-analyst consensus in the sector · Industrials

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About Caterpillar
  • CEO: Joseph E. Creed
  • Employees: 118,000
  • 5205 N. O'Connor Boulevard Suite 100, Irving, TX, 75039, US
  • www.caterpillar.com

Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capi

Data from the stock’s TipRanks forecast page, read 30 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗