Caterpillar (CAT) Stock Forecast & Price Target

$407.82 +2.17 (+0.53%)

(As of 11/26/2024 ET)

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2024)

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
4

Hold
7

Buy
6

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, 4 have given a sell rating, 7 have given a hold rating, and 6 have given a buy rating for CAT.

Consensus Price Target

$365.33
-10.42% Downside

According to the 17 analysts' twelve-month price targets for Caterpillar, the average price target is $365.33. The highest price target for CAT is $500.00, while the lowest price target for CAT is $245.00. The average price target represents a forecasted downside of -10.42% from the current price of $407.82.

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CAT Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$365.33	$355.50	$336.31	$266.80
Forecasted Upside	-10.42% Downside	-8.99% Downside	-4.40% Downside	7.80% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.12	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-10.42% Downside	37.21% Upside	6.73% 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
11/13/2024	Evercore ISI 2 of 5 stars	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	In-Line ➝ Underperform	$321.00 ➝ $365.00	-7.14%
11/4/2024	UBS Group 4 of 5 stars		Boost Target	Sell ➝ Sell	$285.00 ➝ $295.00	-22.45%
10/31/2024	Citigroup 3 of 5 stars	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$445.00 ➝ $435.00	+15.63%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$435.00 ➝ $500.00	+27.54%
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%
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10/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$399.00 ➝ $456.00	+15.29%
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%
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
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$240.00 ➝ $264.00	+14.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:19 AM 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, November 22, 2024. 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 recent earnings report showed a net margin of 16.26%, indicating strong profitability, which can be attractive for investors looking for companies with solid financial health.
Caterpillar Inc. has a current stock price of approximately $365.33, which is below several analysts' price targets, suggesting potential for price appreciation.
The company has a dividend yield of 1.45%, providing a steady income stream for investors, which is particularly appealing in uncertain market conditions.
Analysts have a consensus rating of "Hold" with several recent upgrades, indicating a generally positive outlook for the stock's performance moving forward.
Caterpillar Inc. operates in the construction and mining equipment sector, which is expected to see growth due to increased infrastructure spending globally, positioning the company well for future revenue increases.

Caterpillar
Bear Case

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

The company reported earnings per share (EPS) of $5.17, missing the consensus estimate of $5.33, which may raise concerns about its ability to meet market expectations.
Caterpillar Inc. experienced a year-over-year revenue decline of 4.2%, indicating potential challenges in maintaining sales growth in a competitive market.
Four research analysts have rated the stock with a sell rating, suggesting that there are significant concerns about the company's future performance.
The debt-to-equity ratio of 1.33 indicates that the company has a relatively high level of debt compared to its equity, which could pose risks if market conditions worsen.
Recent downgrades from analysts, including a shift from "equal weight" to "underweight," reflect a cautious sentiment regarding the stock's future performance.

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 $365.33, with a high forecast of $500.00 and a low forecast of $245.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 4 sell ratings, 7 hold ratings and 6 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 downside of -10.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 2 downgrades by analysts.
: Caterpillar has been rated by research analysts at Bank of America, Citigroup, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, 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.

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This page (NYSE:CAT) was last updated on 11/27/2024 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target