Caterpillar Inc. (CAT)
NYSE: CAT · IEX Real-Time Price · USD
362.81
+6.54 (1.84%)
May 20, 2024, 3:47 PM EDT - Market open
Caterpillar Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Caterpillar stock have an average target of 324.31, with a low estimate of 245 and a high estimate of 435. The average target predicts a decrease of -10.61% from the current stock price of 362.81.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Caterpillar stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 5 | 5 | 5 |
| Buy | 4 | 4 | 3 | 2 | 1 | 1 |
| Hold | 7 | 8 | 9 | 9 | 9 | 9 |
| Sell | 2 | 2 | 2 | 2 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 19 | 20 | 19 | 18 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HSBC | HSBC | Hold Maintains $330 → $360 | Hold | Maintains | $330 → $360 | -0.77% | Apr 30, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $338 → $340 | Strong Buy | Maintains | $338 → $340 | -6.29% | Apr 26, 2024 |
| Stifel | Stifel | Strong Buy → Hold Downgrades $293 → $350 | Strong Buy → Hold | Downgrades | $293 → $350 | -3.53% | Apr 26, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $385 → $435 | Buy | Maintains | $385 → $435 | +19.90% | Apr 16, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $357 → $408 | Strong Buy | Maintains | $357 → $408 | +12.46% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
67.92B
from 67.06B
Increased by 1.28%
Revenue Next Year
69.91B
from 67.92B
Increased by 2.93%
EPS This Year
21.52
from 20.12
Increased by 6.95%
EPS Next Year
22.70
from 21.52
Increased by 5.50%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 73.1B | 78.6B | 86.3B | 81.6B |
| Avg | 67.9B | 69.9B | 74.5B | 78.5B |
| Low | 63.3B | 60.2B | 63.8B | 76.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.9% | 15.7% | 23.4% | 9.5% |
| Avg | 1.3% | 2.9% | 6.5% | 5.4% |
| Low | -5.7% | -11.4% | -8.7% | 2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 24.36 | 26.89 | 30.90 | 18.02 |
| Avg | 21.52 | 22.70 | 24.85 | 17.33 |
| Low | 19.31 | 19.79 | 20.82 | 16.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 21.1% | 25.0% | 36.1% | -27.5% |
| Avg | 7.0% | 5.5% | 9.5% | -30.3% |
| Low | -4.0% | -8.1% | -8.3% | -32.3% |
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 disclaimer.