Caterpillar (CAT) Stock Forecast & Price Target

$399.33 +0.90 (+0.23%)

Closing price 07/3/2025 03:57 PM Eastern

Extended Trading

$399.76 +0.43 (+0.11%)

As of 07/3/2025 04:59 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

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
5

Buy
10

Based on 15 Wall Street analysts who have issued ratings for Caterpillar in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 5 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for CAT.

Consensus Price Target

$380.83
-4.63% Downside

According to the 15 analysts' twelve-month price targets for Caterpillar, the average price target is $380.83. 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 downside of -4.63% from the current price of $399.33.

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CAT Analyst Ratings Over Time

Type	Current Forecast 7/5/24 to 7/5/25	1 Month Ago 6/5/24 to 6/5/25	3 Months Ago 4/6/24 to 4/6/25	1 Year Ago 7/6/23 to 7/5/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$380.83	$372.92	$383.80	$329.63
Forecasted Upside	-4.63% Downside	6.92% Upside	33.46% Upside	0.39% Upside
Consensus Rating	Moderate Buy	Moderate Buy	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	2.73	2.67	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-4.63% Downside	40.02% Upside	9.83% 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
6/24/2025	Citigroup 3 of 5 stars	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$370.00 ➝ $420.00	+12.77%
6/23/2025	Truist Financial 3 of 5 stars	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$396.00 ➝ $414.00	+14.63%
6/20/2025	Robert W. Baird 2 of 5 stars	Mircea Dobre Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$395.00 ➝ $422.00	+16.11%
5/30/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$335.00 ➝ $385.00	+9.46%
5/19/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$375.00 ➝ $373.00	+5.49%
5/16/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$272.00 ➝ $357.00	+2.14%
5/13/2025	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dobre Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/5/2025	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$325.00 ➝ $331.00	+1.62%
5/1/2025	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kristen Owen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$395.00	+27.67%
4/16/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Angel Castillo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$300.00 ➝ $283.00	-3.54%
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4/14/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Tami Zakaria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$490.00 ➝ $380.00	+27.84%
2/3/2025	Raymond James Financial 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
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%
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%
4/16/2024	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 Saturday at 08:00 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 Wednesday, July 2, 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 $396, reflecting a recent increase, which may indicate positive market sentiment towards the company.
Caterpillar Inc. has received multiple upgrades from analysts, with target prices reaching as high as $422, suggesting strong potential for future growth.
The company recently increased its quarterly dividend to $1.51 per share, which represents a solid annual yield, indicating a commitment to returning value to shareholders.
With a market capitalization of approximately $186.79 billion, Caterpillar Inc. is a major player in the industrial sector, providing stability and potential for long-term investment.
Analysts forecast earnings per share of 19.86 for the current year, which could signal robust profitability and growth prospects for the company.

Caterpillar
Bear Case

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

The company reported a decline in revenue of 9.8% year-over-year, which may raise concerns about its growth trajectory and market demand for its products.
Caterpillar Inc. missed earnings expectations in its latest quarterly report, which could indicate operational challenges or market pressures affecting profitability.
The stock has a relatively high P/E ratio, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite recent upgrades, there are still analysts who maintain a hold rating, indicating uncertainty about the stock's future performance.
The company's debt-to-equity ratio is 1.43, which may suggest higher financial risk, as it indicates that the company is using a significant amount of debt to finance its operations.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $380.83, with a high forecast of $475.00 and a low forecast of $283.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CAT shares.
: According to analysts, Caterpillar's stock has a predicted downside of -4.63% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 7 upgrades by analysts.
: Caterpillar has been rated by research analysts at Baird R W, Bank of America, Citigroup, DA Davidson, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Robert W. Baird, Truist Financial, and UBS Group in the past 90 days.
: Analysts like Caterpillar more than other "industrials" companies. The consensus rating score for Caterpillar is 2.73 while the average consensus rating score for "industrials" companies is 2.67. Learn more on how CAT compares to other companies.

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This page (NYSE:CAT) was last updated on 7/5/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target