Caterpillar (CAT) Stock Forecast & Price Target

$353.26 -0.74 (-0.21%)

Closing price 02/19/2025 03:59 PM Eastern

Extended Trading

$354.47 +1.21 (+0.34%)

As of 08:53 AM 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
2

Hold
8

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, 2 have given a sell rating, 8 have given a hold rating, and 7 have given a buy rating for CAT.

Consensus Price Target

$383.80
8.65% Upside

According to the 17 analysts' twelve-month price targets for Caterpillar, the average price target is $383.80. The highest price target for CAT is $490.00, while the lowest price target for CAT is $300.00. The average price target represents a forecasted upside of 8.65% from the current price of $353.26.

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CAT Analyst Ratings Over Time

Type	Current Forecast 2/21/24 to 2/20/25	1 Month Ago 1/22/24 to 1/21/25	3 Months Ago 11/23/23 to 11/22/24	1 Year Ago 2/21/23 to 2/21/24
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)	6 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	2 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$383.80	$380.60	$365.33	$292.78
Forecasted Upside	8.65% Upside	-4.53% Downside	-8.09% Downside	-7.68% 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	2.29	2.58	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.65% Upside	54.80% Upside	12.68% 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
2/19/2025	Evercore ISI 2 of 5 stars	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$365.00 ➝ $375.00	+6.93%
2/4/2025	DA Davidson 3 of 5 stars	Michael Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$350.00 ➝ $357.00	-1.04%
2/3/2025	Truist Financial 2 of 5 stars	Jamie Cook Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$455.00 ➝ $438.00	+20.73%
2/3/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Fisher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$355.00 ➝ $385.00	+3.53%
1/31/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kyle Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$420.00 ➝ $430.00	+15.39%
1/31/2025	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	$515.00 ➝ $490.00	+31.61%
1/31/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Feniger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$452.00 ➝ $414.00	+10.75%
1/31/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Angel Castillo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$330.00 ➝ $300.00	-20.21%
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%
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%
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.
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:48 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 Wednesday, February 19, 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.:

Caterpillar Inc. recently reported earnings per share (EPS) of $5.14, exceeding analysts' expectations of $4.97, indicating strong financial performance and potential for growth.
The company has a solid market capitalization of $170.24 billion, which reflects its stability and ability to invest in future growth opportunities.
With a current stock price around $370.89, investors may find it attractive given the company's recent performance and market position.
Caterpillar Inc. has declared a quarterly dividend of $1.41 per share, translating to an annualized dividend of $5.64 and a yield of 1.60%, providing a steady income stream for investors.
The company boasts a return on equity of 58.18%, showcasing its efficiency in generating profits from shareholders' equity, which is a positive indicator for potential investors.

Caterpillar
Bear Case

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

The company has a debt-to-equity ratio of 1.40, which suggests a higher level of debt compared to equity, potentially increasing financial risk during economic downturns.
With a quick ratio of 0.89, Caterpillar Inc. may face challenges in meeting its short-term liabilities, indicating potential liquidity issues.
The price-to-earnings (PE) ratio of 15.98, while not excessively high, may suggest that the stock is fairly valued, limiting upside potential for investors looking for significant growth.
The price-to-earnings-growth (PEG) ratio of 1.88 indicates that the stock may be overvalued relative to its expected earnings growth, which could deter value-focused investors.
Recent trading volume of 1,310,841 shares is below the average volume of 2,369,617, which may indicate reduced investor interest or confidence in the stock.

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 $383.80, with a high forecast of $490.00 and a low forecast of $300.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 7 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 upside of 8.65% based on their 12-month stock forecasts.
: Over the previous 90 days, Caterpillar's stock had 2 upgrades by analysts.
: Caterpillar has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, 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 2/20/2025 by MarketBeat.com Staff

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Caterpillar (CAT) Stock Forecast & Price Target