Caterpillar (CAT) Stock Forecast & Price Target

$386.03 +5.48 (+1.44%)

As of 01/17/2025 03:59 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

Hold

Based on 17 Analyst Ratings

Sell
3

Hold
7

Buy
7

Based on 17 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 17 analysts, 3 have given a sell rating, 7 have given a hold rating, and 7 have given a buy rating for CAT.

Consensus Price Target

$380.60
-1.41% Downside

According to the 17 analysts' twelve-month price targets for Caterpillar, the average price target is $380.60. The highest price target for CAT is $515.00, while the lowest price target for CAT is $295.00. The average price target represents a forecasted downside of -1.41% from the current price of $386.03.

Get the Latest News and Ratings for CAT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Caterpillar and its competitors.

CAT Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$380.60	$375.63	$355.50	$269.79
Forecasted Upside	-1.41% Downside	2.62% Upside	-8.49% Downside	-5.43% 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	Industrial Products Companies	S&P 500
Consensus Rating Score	2.24	2.58	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-1.41% Downside	44.10% Upside	12.44% 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
1/16/2025	Truist Financial 2 of 5 stars	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$471.00 ➝ $455.00	+21.39%
1/14/2025	Citigroup 3 of 5 stars	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$460.00 ➝ $420.00	+13.15%
1/13/2025	Evercore ISI 2 of 5 stars	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ In-Line	$365.00	+3.99%
12/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$500.00 ➝ $515.00	+28.80%
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%
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$285.00 ➝ $295.00	-22.45%
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%
10/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$349.00 ➝ $332.00	-17.42%
9/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$376.00 ➝ $434.00	+11.32%
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%
Get the Latest News and Ratings for CAT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Caterpillar and its competitors with MarketBeat's FREE daily newsletter.
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
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%
6/21/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$263.00	+8.91%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$228.00 ➝ $225.00	+1.99%
2/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$210.00 ➝ $230.00	-7.53%
1/31/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. De. Maria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:56 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 Friday, January 10, 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.:

Recent upgrades from multiple analysts, including Citigroup and Jefferies Financial Group, have raised their price targets significantly, indicating strong market confidence in Caterpillar Inc.'s growth potential.
The current stock price is $360.75, which is below the consensus price target of $374.69, suggesting potential for price appreciation.
Caterpillar Inc. has a solid market capitalization of $174.17 billion, reflecting its stability and strong position in the construction and mining equipment industry.
Insider selling activity has been noted, but it represents only 0.29% of the stock, indicating that insiders still hold a significant portion of shares, which can be a positive sign of confidence in the company's future.
The company has a PE ratio of 16.72, which is relatively low compared to industry averages, suggesting that the stock may be undervalued and could offer good returns.

Caterpillar
Bear Case

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

Four analysts have rated the stock with a sell rating, indicating some skepticism about its short-term performance.
Recent insider sales, including significant transactions by key executives, may raise concerns about their confidence in the company's near-term prospects.
The stock has experienced volatility, with a 52-week high of $418.50 and a low of $276.94, suggesting potential risks associated with price fluctuations.
Analysts from Morgan Stanley have downgraded the stock to "underweight," reflecting a cautious outlook on Caterpillar Inc.'s performance compared to its peers.
The company's debt-to-equity ratio of 1.33 indicates a higher level of debt relative to equity, which could pose risks in times of economic downturns or rising interest rates.

CAT Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $380.60, with a high forecast of $515.00 and a low forecast of $295.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 3 sell ratings, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 downside of -1.41% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 1 upgrade and 1 downgrade by analysts.
: Caterpillar has been rated by research analysts at Citigroup, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Robert W. Baird, Truist Financial, and UBS Group in the past 90 days.
: Analysts like Caterpillar less than other "industrial products" companies. The consensus rating for Caterpillar is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how CAT compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

This page (NYSE:CAT) was last updated on 1/20/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Caterpillar (CAT) Stock Forecast & Price Target