Cummins (CMI) Stock Forecast & Price Target

$365.98 -0.35 (-0.09%)

As of 01/17/2025 03:59 PM Eastern

Cummins - 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 13 Analyst Ratings

Sell
0

Hold
8

Buy
5

Based on 13 Wall Street analysts who have issued ratings for Cummins in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 8 have given a hold rating, and 5 have given a buy rating for CMI.

Consensus Price Target

$374.25
2.26% Upside

According to the 13 analysts' twelve-month price targets for Cummins, the average price target is $374.25. The highest price target for CMI is $435.00, while the lowest price target for CMI is $292.00. The average price target represents a forecasted upside of 2.26% from the current price of $365.98.

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CMI 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	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$374.25	$356.92	$311.55	$260.38
Forecasted Upside	2.26% Upside	1.58% Upside	-5.81% Downside	13.60% Upside
Consensus Rating	Hold	Hold	Hold	Hold

CMI 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.

CMI 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.

Cummins Stock vs. The Competition

Type	Cummins	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.38	2.49	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	2.26% Upside	351.31% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent CMI News	Neutral 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	Boost Target	Hold ➝ Hold	$424.00 ➝ $425.00	+17.73%
1/14/2025	Citigroup 3 of 5 stars	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$435.00 ➝ $430.00	+17.75%
1/14/2025	Bank of America 3 of 5 stars	Michael Feniger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$354.00 ➝ $358.00	-0.78%
12/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$355.00 ➝ $420.00	+10.64%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$410.00 ➝ $435.00	+14.80%
11/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$294.00 ➝ $408.00	+14.91%
11/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$324.00 ➝ $370.00	+4.30%
11/6/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kauffman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$350.00	-1.26%
11/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$330.00 ➝ $372.00	+4.95%
8/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$259.00 ➝ $310.00	+9.70%
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6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$272.00 ➝ $292.00	-0.88%
3/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$254.00 ➝ $321.00	+21.78%
1/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$278.00	+16.73%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$290.00 ➝ $288.00	+18.69%
5/31/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$231.00 ➝ $227.00	-1.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:51 PM ET.

Should I Buy Cummins Stock? CMI 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 Tuesday, January 14, 2025. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

Cummins
Bull Case

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

Recent analyst upgrades have boosted investor confidence, with Jefferies Financial Group raising the target price to $435.00, indicating strong potential for growth.
As of the latest trading session, Cummins Inc. shares are priced at $360.80, reflecting a 1.7% increase, which suggests positive market sentiment.
Institutional investors hold a significant 83.46% of Cummins Inc.'s stock, indicating strong institutional confidence in the company's future performance.
Recent filings show that large investors, such as Franklin Street Advisors, continue to hold substantial stakes, which can be a sign of stability and trust in the company's management and strategy.
Analysts have a consensus rating of "Hold" with a price target of $363.50, suggesting that the stock is fairly valued and may offer steady returns.

Cummins
Bear Case

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

QV Investors Inc. recently reduced its stake by 22.4%, which may indicate a lack of confidence in the company's short-term prospects.
Some analysts have downgraded their ratings, with Vertical Research lowering Cummins from a "buy" to a "hold," suggesting potential concerns about future performance.
Insider selling has been noted, with VP Sharon R. Barner selling shares valued at approximately $798,406, which could raise red flags about the company's outlook from those within.
The stock has experienced fluctuations, with a recent drop of 1.2% to $355.31, indicating volatility that may deter risk-averse investors.
High institutional ownership can sometimes lead to increased volatility, as large investors may sell off shares quickly in response to market changes, impacting stock price stability.

CMI Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $374.25, with a high forecast of $435.00 and a low forecast of $292.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMI, but not buy additional shares or sell existing shares.
: According to analysts, Cummins's stock has a predicted upside of 2.26% based on their 12-month stock forecasts.
: Over the previous 90 days, Cummins's stock had 3 upgrades and 1 downgrade by analysts.
: Cummins has been rated by research analysts at Bank of America, Citigroup, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Robert W. Baird, The Goldman Sachs Group, Truist Financial, and Vertical Research in the past 90 days.
: Analysts like Cummins less than other "auto/tires/trucks" companies. The consensus rating score for Cummins is 2.38 while the average consensus rating score for "auto/tires/trucks" companies is 2.49. Learn more on how CMI compares to other companies.

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

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Cummins (CMI) Stock Forecast & Price Target