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Cummins (CMI): analyst forecast and price target

$531 −0.26% close 16.10.26 · market cap $73.3B · Industrials · Industrial - Machinery SPY 0.11%
Price targets and ratings of

Analyst consensus

Strong Buy

7 Buy2 Hold0 Sell

Ratings of 9 analysts in the last 3 months · top analysts only

12-month forecast

$713+34.1% upside

Based on 9 price targets given in the last 3 months, the average target is $713, the highest $779, the lowest $600. The average is +34.1% from the last price of $531.

$400$600$800Jan 26AprJulOctJan 27AprJulOctHigh$779Average$713Low$600
Highest target $779 Average target $713 Lowest target $600
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Kyle Menges★★★★★★★★★★#283 · hits 79% · avg +28.3% Citi $790 → $630−20.3% Buy +18.6% Reiterated 12.10.26on TipRanks 06:06 +0.9%next day +0.3%
Jerry Revich★★★★★★★★★★#1145 · hits 58% · avg +9.0% Wells Fargo $874 → $760−13.0% Buy +43.0% Assigned 08.10.26on TipRanks 05:35 +1.0%next day 0.0% · 5 days +2.6%
Adam Seiden★★★★★★★★★★#622 · hits 61% · avg +11.3% Barclays $760 Buy +43.0% Reiterated 06.10.26on TipRanks 04:50 +1.7%next day −3.1% · 5 days −1.0%
Jamie Cook★★★★★★★★★★#159 · hits 68% · avg +18.2% Truist Financial $894 → $779−12.9% Buy +46.6% Reiterated 05.10.26on TipRanks 08:26 −1.6%next day +1.7% · 5 days +0.4%
Steven Fisher★★★★★★★★★★#1721 · hits 57% · avg +6.9% UBS $835 → $741−11.3% Buy +39.5% Assigned 30.09.26on TipRanks 07:30 −0.7%next day −0.1% · 5 days −1.8%
Chad Dillard★★★★★★★★★★#1509 · hits 66% · avg +9.4% Bernstein $700 Hold +31.7% Reiterated 28.09.26on TipRanks Sep 29 07:35 −0.6%next day +0.9% · 5 days −0.1%
Tami Zakaria★★★★★★★★★★#1154 · hits 59% · avg +10.8% J.P. Morgan $690 → $600−13.0% Hold +12.9% Assigned 23.09.26on TipRanks 07:55 +0.4%next day −0.6% · 5 days −0.9%
Stephen Volkmann★★★★★★★★★★#168 · hits 68% · avg +19.6% Jefferies $675 Buy +27.0% Reiterated 24.08.26on TipRanks 10:13 −2.4%next day −0.1% · 5 days −1.7%
Unknown Analyst CICC $781 Buy +47.0% Initiated 24.08.26on TipRanks 10:13 −2.4%next day −0.1% · 5 days −1.7%
Bill Selesky★★★★★★★★★★#1503 · hits 60% · avg +7.8% Argus Research $770 Buy +44.9% Assigned 13.08.26on TipRanks Aug 14 08:30 −1.7%next day +0.1% · 5 days −4.1%
Adam Seiden★★★★★★★★★★#622 · hits 61% · avg +11.3% Barclays $760 Buy +43.0% Reiterated 06.08.26on TipRanks Aug 5 04:13 +2.4%next day −0.8% · 5 days −2.3%
Jerry Revich★★★★★★★★★★#1145 · hits 58% · avg +9.0% Wells Fargo $874 Buy +64.5% Reiterated 05.08.26on TipRanks Aug 6 06:30 +2.4%next day −0.8% · 5 days −2.3%
Angel Castillo★★★★★★★★★★#5929 · hits 50% · avg +1.4% Morgan Stanley $761 Buy +43.2% Reiterated 05.08.26on TipRanks 08:44 +2.4%next day −0.8% · 5 days −2.3%
Jamie Cook★★★★★★★★★★#159 · hits 68% · avg +18.2% Truist Financial $901 → $894−0.8% Buy +68.3% Reiterated 05.08.26on TipRanks 07:55 +2.4%next day −0.8% · 5 days −2.3%
Kyle Menges★★★★★★★★★★#283 · hits 79% · avg +28.3% Citi $790 Buy +48.7% Reiterated 04.08.26on TipRanks Aug 5 06:45 −3.8%next day +2.4% · 5 days −0.4%
Timothy Thein★★★★★★★★★★#520 · hits 66% · avg +18.6% Raymond James $745 Buy +40.2% Assigned 26.05.26on TipRanks 09:26 +3.9%next day −0.1% · 5 days −0.6%
Michael Feniger★★★★★★★★★★#1181 · hits 61% · avg +9.2% Bank of America Securities $731 Hold +37.6% Reiterated 22.05.26on TipRanks 07:07 0.0%next day +3.9% · 5 days −1.1%
David Raso★★★★★★★★★★#1536 · hits 68% · avg +14.0% Evercore ISI $694 → $845+21.8% Buy +59.0% Reiterated 11.05.26on TipRanks 08:10 +3.2%next day +0.4% · 5 days −3.4%
Luke Junk★★★★★★★★★★#3780 · hits 49% · avg +3.8% Robert W. Baird $640 → $700+9.4% Hold +31.7% Reiterated 06.05.26on TipRanks 07:10 +4.7%next day −4.3% · 5 days −2.0%
Scott Group★★★★★★★★★★#1601 · hits 58% · avg +8.5% Wolfe Research — Hold — Downgrade 26.01.26on TipRanks 08:35 −0.8%next day +0.7% · 5 days +4.0%
Noah Kaye★★★★★★★★★★#202 · hits 66% · avg +18.0% Oppenheimer — Hold — Reiterated 07.11.25on TipRanks 17:20 +0.8%next day −1.9% · 5 days −3.5%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Cummins

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 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%

Most profitable

3 months Timothy Thein★★★★★★★★★★Raymond James · #520
Hits 66%133 of 203 Average return +18.6%
1 year Kyle Menges★★★★★★★★★★Citi · #283
Hits 79%116 of 147 Average return +28.3%
2 years Angel Castillo★★★★★★★★★★Morgan Stanley · #5929
Hits 50%99 of 197 Average return +1.4%

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 $759 at a price of $517 (+46.9%); now: $723 at $531 (+36.1%).

$600$700Sep 15Oct 1Oct 15Top analysts$713Average target$723Price$531

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

0102030415Oct 25614Nov913Dec1610Jan 261610Feb1411Mar1111Apr168May1911Jun228Jul207Aug167Sep137Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy161922201613
Hold8118777
Sell000000

Earnings and sales forecast

Next report: 05.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $8.18 (from $7.35 to $8.62). Last quarter: $6.73.

Sales

Next quarter’s sales estimate — $9.9B (from $9.4B to $10.3B). Last quarter: $9.5B.

Best top-analyst consensus in the sector · Industrials

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About Cummins
  • CEO: Jennifer W. Rumsey
  • Employees: 67,400
  • 500 Jackson Street, Columbus, IN, 47202-3005, US
  • www.cummins.com

Cummins Inc. is a global innovator in power solutions, responsible for the design, manufacturing, distribution, and maintenance of a broad array of diesel and natural gas engines, alongside cutting-edge electric and hybrid powertrains, and associated components. Its operations are strategically divided into five segments: Engine, Distribution, Components, Power Systems, and New Power. The company's extensive engine portfolio, available under the Cummins brand and others, powers a vast range of heavy and medium-duty applications, including commercial trucks, buses, recreational vehicles, light-duty automobiles, construction and mining equipment, marine vessels, railway systems, oil and gas operations, defense, and agriculture. Complementing these engines, Cummins provides both new and remanufactured parts and comprehensive servicing. Beyond its core engine offerings, Cummins delivers sophisticated power generation systems, high-horsepower engines, and specialized application engineering. It also offers custom-designed assemblies, retail and wholesale aftermarket components, and expert repair services conducted both in-shop and on-site. The company's technological scope extends to emission control solutions, turbochargers, a variety of filtration systems (for air, fuel, lubricants, and hydraulics), coolants, fuel additives, and advanced electronic control modules, sensors, and supporting software. Fuel systems, both new and reconditioned, are also a key part of their product line, as are automated transmissions. For electrical power generation, Cummins provides standby and primary power generators, complete with controls, paralleling systems, and transfer switches, featuring products like Stamford and AVK A/C alternators. Embracing future energy demands, the company is a frontrunner in electrified power systems, encompassing battery technologies, fuel cells, and hydrogen production. This includes a robust offering of filtration, aftertreatment, control, air handling s

Data from the stock’s TipRanks forecast page, read 72 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗