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Cummins (CMI) Stock Forecast & Price Target

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$313.45 -9.99 (-3.09%)
Closing price 03/28/2025 03:59 PM Eastern
Extended Trading
$312.17 -1.28 (-0.41%)
As of 03/28/2025 07:56 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

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

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

$389.50
24.26% Upside
According to the 13 analysts' twelve-month price targets for Cummins, the average price target is $389.50. The highest price target for CMI is $451.00, while the lowest price target for CMI is $292.00. The average price target represents a forecasted upside of 24.26% from the current price of $313.45.
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CMI Analyst Ratings Over Time

TypeCurrent Forecast
3/30/24 to 3/30/25
1 Month Ago
2/29/24 to 2/28/25
3 Months Ago
12/31/23 to 12/30/24
1 Year Ago
3/31/23 to 3/30/24
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)
5 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$389.50$386.67$356.92$271.64
Forecasted Upside24.26% Upside5.10% Upside2.44% Upside-7.81% Downside
Consensus Rating
Hold
Hold
Hold
Hold
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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.
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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.
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Cummins Stock vs. The Competition

TypeCumminsAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.38
2.51
2.54
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside24.26% Upside400.21% Upside19.88% Upside
News Sentiment Rating
Positive News

See Recent CMI News
Positive News
Positive News
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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/18/2025UBS Group
4 of 5 stars
Steven Fisher
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Lower TargetBuy ➝ Buy$432.00 ➝ $400.00+25.69%
3/18/2025JPMorgan Chase & Co.
3 of 5 stars
Tami Zakaria
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Lower TargetNeutral ➝ Neutral$420.00 ➝ $375.00+14.99%
2/19/2025Evercore ISI
2 of 5 stars
D. Raso
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Boost TargetOutperform ➝ Outperform$408.00 ➝ $451.00+17.83%
2/5/2025Robert W. Baird
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David Leiker
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Boost TargetNeutral ➝ Neutral$395.00 ➝ $407.00+11.34%
2/5/2025Barclays
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Adam Seiden
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Boost TargetEqual Weight ➝ Equal Weight$310.00 ➝ $381.00+4.68%
1/16/2025Truist Financial
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Jamie Cook
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Boost TargetHold ➝ Hold$424.00 ➝ $425.00+17.73%
1/14/2025Citigroup
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Kyle Menges
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Lower TargetBuy ➝ Buy$435.00 ➝ $430.00+17.75%
1/14/2025Bank of America
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Michael Feniger
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UpgradeUnderperform ➝ Neutral$354.00 ➝ $358.00-0.78%
12/6/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$410.00 ➝ $435.00+14.80%
11/6/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$324.00 ➝ $370.00+4.30%
11/6/2024Vertical Research
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J. Kauffman
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DowngradeBuy ➝ Hold$350.00-1.26%
6/28/2024Raymond James
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 Initiated CoverageMarket Perform
5/10/2024TD Cowen
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 Boost TargetBuy ➝ Buy$272.00 ➝ $292.00-0.88%
1/8/2024Morgan Stanley
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 Initiated CoverageOverweight$278.00+16.73%
8/4/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$290.00 ➝ $288.00+18.69%
5/31/2023888
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 Reiterated RatingMaintains
5/3/2023VNET Group
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 Reiterated RatingMaintains
4/12/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHold$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 Sunday at 01:29 AM 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 Monday, March 24, 2025. Please send any questions or comments about these Cummins pros and cons to contact@marketbeat.com.

Cummins
Bull Case

green Wall Street bull icon

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

  • The current stock price of Cummins Inc. is $321.78, which may present a buying opportunity for investors looking for value in the market.
  • Recent earnings reports showed that Cummins Inc. exceeded consensus estimates, reporting $5.16 earnings per share (EPS), which is a positive indicator of the company's profitability and operational efficiency.
  • The company has a strong market capitalization of approximately $44.24 billion, indicating its significant presence and stability in the industry.
  • Cummins Inc. has a consistent dividend payout, with a recent quarterly dividend of $1.82, translating to an annualized yield of 2.20%. This can provide a steady income stream for investors.
  • Analysts have a consensus rating of "Hold" for Cummins Inc., suggesting that while there may not be aggressive growth expected, the stock is considered stable and worth holding in a diversified portfolio.

Cummins
Bear Case

red Wall Street bear icon

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

  • JPMorgan Chase & Co. recently lowered its target price for Cummins Inc. from $420.00 to $375.00, indicating a potential decline in expected stock performance.
  • StockNews.com downgraded Cummins Inc. from a "buy" rating to a "hold" rating, reflecting a more cautious outlook on the stock's future performance.
  • The company experienced a year-over-year revenue decline of 1.1%, which may raise concerns about its growth trajectory and market demand for its products.
  • With a debt-to-equity ratio of 0.42, while relatively low, it still indicates that the company is using some leverage, which could pose risks in a rising interest rate environment.
  • Overall market conditions and economic uncertainties could impact Cummins Inc.'s performance, making it a riskier investment in the current climate.

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 $389.50, with a high forecast of $451.00 and a low forecast of $292.00.

13 Wall Street 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 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 24.26% based on their 12-month stock forecasts.

Over the previous 90 days, Cummins's stock had 1 upgrade by analysts.

Cummins has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., Robert W. Baird, Truist Financial, and UBS Group in the past 90 days.

Analysts like Cummins less than other "auto/tires/trucks" companies. The consensus rating for Cummins is Hold while the average consensus rating for "auto/tires/trucks" companies is Moderate Buy. Learn more on how CMI compares to other companies.


This page (NYSE:CMI) was last updated on 3/30/2025 by MarketBeat.com Staff
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