Caterpillar (CAT) Stock Forecast & Price Target

$290.88 +6.14 (+2.16%)

As of 02:11 PM Eastern

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
7

Buy
8

Based on 16 Wall Street analysts who have issued ratings for Caterpillar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 7 have given a hold rating, and 8 have given a buy rating for CAT.

Consensus Price Target

$359.36
23.54% Upside

According to the 16 analysts' twelve-month price targets for Caterpillar, the average price target is $359.36. The highest price target for CAT is $475.00, while the lowest price target for CAT is $283.00. The average price target represents a forecasted upside of 23.54% from the current price of $290.88.

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CAT Analyst Ratings Over Time

Type	Current Forecast 4/22/24 to 4/22/25	1 Month Ago 3/23/24 to 3/23/25	3 Months Ago 1/23/24 to 1/22/25	1 Year Ago 4/23/23 to 4/22/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$359.36	$383.80	$380.60	$307.56
Forecasted Upside	23.54% Upside	14.40% Upside	-4.30% Downside	-14.00% Downside
Consensus Rating	Hold	Hold	Hold	Hold

CAT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CAT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Caterpillar Stock vs. The Competition

Type	Caterpillar	Industrials Companies	S&P 500
Consensus Rating Score	2.44	2.65	2.54
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	24.32% Upside	406.61% Upside	26.27% Upside
News Sentiment Rating	Positive News See Recent CAT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/21/2025	DA Davidson 2 of 5 stars	Michael Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$357.00 ➝ $325.00	+10.61%
4/16/2025	Morgan Stanley 3 of 5 stars	Angel Castillo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$300.00 ➝ $283.00	-3.54%
4/14/2025	JPMorgan Chase & Co. 2 of 5 stars	Tami Zakaria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$490.00 ➝ $380.00	+27.84%
4/8/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$430.00 ➝ $320.00	+17.71%
4/8/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$438.00 ➝ $389.00	+35.46%
2/19/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$365.00 ➝ $375.00	+6.93%
2/3/2025	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
2/3/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Outperform
2/3/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$355.00 ➝ $385.00	+3.53%
1/31/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Feniger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$452.00 ➝ $414.00	+10.75%
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12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$455.00 ➝ $475.00	+20.26%
10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$299.00 ➝ $300.00	-20.89%
8/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$315.00 ➝ $335.00	+1.78%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$330.00 ➝ $360.00	+6.90%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$338.00 ➝ $340.00	+0.52%
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$293.00 ➝ $350.00	+3.48%
4/18/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$357.00 ➝ $408.00	+13.10%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$290.00 ➝ $325.00	+1.36%
12/21/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$216.00 ➝ $245.00	-14.86%
11/8/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$282.00 ➝ $295.00	+24.88%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$279.00 ➝ $334.00	+15.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:11 PM ET.

Should I Buy Caterpillar Stock? CAT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, April 21, 2025. Please send any questions or comments about these Caterpillar pros and cons to contact@marketbeat.com.

Caterpillar
Bull Case

Here are some ways that investors could benefit from investing in Caterpillar Inc.:

The current stock price is around $283, which reflects a significant decrease from its twelve-month high, potentially offering a buying opportunity for investors looking for value.
Caterpillar Inc. recently reported earnings per share of $5.14, exceeding analysts' expectations, indicating strong financial performance and operational efficiency.
The company has a robust market capitalization of approximately $135.47 billion, showcasing its stability and presence in the industrial sector.
Institutional investors hold a substantial 70.98% of the company's stock, suggesting confidence in Caterpillar Inc.'s long-term growth potential.
The recent quarterly dividend of $1.41 per share, with a yield of 1.99%, provides a steady income stream for investors, reflecting the company's commitment to returning value to shareholders.

Caterpillar
Bear Case

Investors should be bearish about investing in Caterpillar Inc. for these reasons:

The stock has experienced a decline of about 3.2% recently, which may indicate volatility and uncertainty in the market.
Caterpillar Inc. has a debt-to-equity ratio of 1.40, suggesting that the company is using a significant amount of debt to finance its operations, which could pose risks in a rising interest rate environment.
Despite recent positive earnings, the company's price-to-earnings (P/E) ratio of 12.84 may not be attractive compared to industry peers, potentially limiting upside for investors.
Insider ownership is relatively low at 0.29%, which may raise concerns about alignment between management and shareholder interests.
Analysts have mixed ratings on the stock, with a significant number holding a "neutral" rating, indicating uncertainty about future performance.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $359.36, with a high forecast of $475.00 and a low forecast of $283.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAT, but not buy additional shares or sell existing shares.
: According to analysts, Caterpillar's stock has a predicted upside of 23.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 4 upgrades by analysts.
: Caterpillar has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Truist Financial, UBS Group, and Wedbush in the past 90 days.
: Analysts like Caterpillar less than other "industrials" companies. The consensus rating for Caterpillar is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 4/22/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target