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CATCATIndustrials · Farm & Heavy Construction Machinery

CAT Stock Forecast: Caterpillar, Inc. Price Predictions for 2026-2027

Last close, 4 Sept 2026
$814
+1.72% on the day

The 28 Wall Street analysts covering Caterpillar, Inc. hold a median 12-month price target of $981 — +20.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 71 of 100 as at 3 Sept 2026 — in the upper half. Here, the model and the Street point the same way.

Market cap
$364.2B
Ticker Nerd rank
71 / 100
Median analyst target
$981
Analysts covering
28
Revenue$20.5B+24.0% y/y
Operating income$4.3B
Net income$3.6B
Free cash flow$3.3B
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+1.7%
1M
−7.1%
YTD
+42.9%
1Y
+95.4%
From 52W high
−23.4%
From 52W low
+96.4%
$414
$1,063
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

CAT stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Caterpillar, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Sept 2026
71 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
95
Momentum
86
Growth
82
Quality
74
Issuance
58
Volatility
45
Value
37
Accruals
35
Size
1

Revisions (95): Analysts have, on balance, been raising their forecasts.

Accruals (35): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.

Size (1): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

CAT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on CAT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$400$600$800$1,000$1,200Oct 25Jan 26Apr 26Jul 26CATHigh $1,225Median $981Low $575

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says28 analysts
14 Buy12 Hold2 Sell
Low $575Median $981High $1,225

The green dot is the last close — the median target sits +20.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 18 moved their price target up and 2 moved it down.

DateFirmActionRatingTarget
11 Aug 2026Evercore ISI GroupMaintainsOutperform$1,103 → $1,045
6 Aug 2026BarclaysMaintainsEqual-Weight$800 → $900
6 Aug 2026DA DavidsonMaintainsNeutral$845 → $882
5 Aug 2026RBC CapitalMaintainsSector Perform$877 → $897
5 Aug 2026Truist SecuritiesMaintainsBuy$1,218 → $1,225
5 Aug 2026UBSMaintainsNeutral$900 → $925
29 July 2026BairdDowngradeNeutral$1,200 → $900
14 July 2026CitigroupMaintainsBuy$1,020 → $1,100
13 July 2026OppenheimerMaintainsOutperform$980 → $1,105
2 July 2026Truist SecuritiesMaintainsBuy$1,043 → $1,218
23 June 2026Wells FargoMaintainsOverweight$1,050 → $1,155
5 May 2026Argus ResearchMaintainsBuy$820 → $990
4 May 2026CitigroupMaintainsBuy$905 → $1,020
4 May 2026DA DavidsonMaintainsNeutral$650 → $845
1 May 2026BarclaysMaintainsEqual-Weight$700 → $800
1 May 2026JP MorganMaintainsOverweight$860 → $1,125
1 May 2026Morgan StanleyUpgradeEqual-Weight$430 → $915
1 May 2026Wells FargoMaintainsOverweight$960 → $1,050
21 Apr 2026Wells FargoMaintainsOverweight$870 → $960
20 Apr 2026Truist SecuritiesMaintainsBuy$786 → $920

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. CAT appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

CAT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Sept 2026, Caterpillar, Inc. returned +95.4% against +20.0% for the S&P 500, dividends included.

CAT vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200250Oct 25Jan 26Apr 26Jul 26CATS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

CAT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+10.8%
Analysts raising
18
Analysts cutting
1
Fundamentals

Caterpillar, Inc. (CAT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
34.1×

Cheaper than 23% of US stocks

Price / sales
4.9×

Cheaper than 26% of US stocks

Price / book
18.8×

Cheaper than 5% of US stocks

EV / EBITDA
24.8×

Cheaper than 11% of US stocks

Growth & margins
Revenue growth (YoY)
24.0%

Higher than 74% of US stocks

Earnings growth (YoY)
64.9%

Higher than 79% of US stocks

Gross margin
36.0%

Higher than 45% of US stocks

Operating margin
22.2%

Higher than 81% of US stocks

Net margin
14.5%

Higher than 77% of US stocks

Returns & dividend
Return on equity
57.0%

Higher than 94% of US stocks

Return on assets
9.0%

Higher than 91% of US stocks

Dividend yield
0.8%

Higher than 18% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Caterpillar, Inc. (CAT) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Caterpillar, Inc. has a market value of $364.2B and an enterprise value of $403.4B.

  • Revenue in the twelve months to 30 June 2026: $74.7B. The latest quarter grew 24.0% year on year.

  • Net income over the same four quarters: $10.8B, a 14.5% net margin.

  • Diluted earnings per share, trailing twelve months: $23.24.

  • Free cash flow in the twelve months to 30 June 2026: $9.0B, after $4.6B of capital spending.

  • Caterpillar, Inc. spent $7.3B on share buybacks and $2.8B on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 459.7M.

  • Trailing P/E: 34.1×; forward P/E: 24.5× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.82%, paying out 26% of earnings.

  • Caterpillar, Inc. employs 118,000 people — $633K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Sept 2026

Data provided by Twelve Data

Peers

CAT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelFarm & Heavy Construction Machinery
CompanyMarket capTKN rank
CATCaterpillar, Inc.$364.2B
71
DEDeere & Co.$187.8B
67
PCARPACCAR, Inc.$65.5B
69
GEGE Aerospace*$346.0B
91
CNHCNH Industrial NV$17.2B
68
RTXRTX Corp.*$271.3B
96
GEVGE Vernova, Inc.*$253.2B
47

* Nearest Industrials names by size — few farm & heavy construction machinery companies of this scale trade in the US universe.

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Caterpillar, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest CAT news & analysis

Caterpillar: Power & Energy Makes This Pullback A Strong Buy

Seeking Alpha · 4 Sept 2026positive

Caterpillar shares have fallen nearly 30% from a recent high, bringing the stock back toward a technical area. The article notes Power & Energy is becoming a larger share of profits with multi-year order visibility and stronger margins, while services, connected assets, rental, and mining replacement demand are reducing dependence on the traditional construction cycle.

Why it matters — A CAT watcher would care because the piece argues that the company's profit mix is shifting beyond the construction cycle, which could support a structurally higher valuation.

Caterpillar (CAT) Upgraded to Strong Buy: What Does It Mean for the Stock?

Zacks Investment Research · 4 Sept 2026positive

Zacks Research upgraded Caterpillar (CAT) to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. The upgrade suggests the stock could move higher on improving expectations.

Why it matters — CAT watchers would note this upgrade signals improved analyst confidence in the company's earnings outlook, which can influence investor sentiment toward the stock.

Can CAT's AI Push With FieldAI Redefine Industrial Operations?

Zacks Investment Research · 3 Sept 2026positive

Caterpillar is advancing industrial artificial intelligence through its FieldAI platform, which combines robotics and operational data to create safer, smarter, and more productive job sites.

Why it matters — A CAT watcher would care because this AI-driven initiative signals the company's focus on innovation and operational efficiency in its industrial technology offerings.

Caterpillar (CAT) Down 9.1% Since Last Earnings Report: Can It Rebound?

Zacks Investment Research · 3 Sept 2026negative

Caterpillar reported its earnings 30 days ago, and since that report the stock has declined 9.1%. The article examines what may come next for the company's shares following this drop.

Why it matters — A CAT watcher would care because the article assesses the stock's trajectory after a notable decline since the most recent earnings report.

Dogs Of The Dow: No Buys And Few Worth Watching

Seeking Alpha · 3 Sept 2026neutral

A Seeking Alpha analysis notes that Dogs of the Dow stocks remain generally overvalued, with none meeting the ideal "fair price" threshold where dividends from $1K invested exceed the share price. Analyst forecasts project net gains of 22.15% to 47.11% for the top ten Dow Dogs by September 2027, averaging 28.46%, but current conditions suggest waiting for price pullbacks or dividend increases for optimal entry points.

Why it matters — As a Dow component, Caterpillar would be evaluated under this yield-based Dogs of the Dow framework, where its current valuation and dividend yield relative to price affect whether it meets the strategy's fair-price criteria.

FAQ

Frequently asked questions about CAT stock

What is the CAT stock price forecast for 2026-2027?

The 28 Wall Street analysts covering Caterpillar, Inc. have a median 12-month price target of $981, with estimates ranging from $575 to $1,225. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is CAT stock a buy right now?

Of the 28 analysts covering Caterpillar, Inc., 14 rate it a Buy, 12 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks Caterpillar, Inc. 71 out of 100 across roughly 4,600 US stocks as at 3 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank CAT?

As at 3 Sept 2026, Caterpillar, Inc. ranks 71 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (95 of 100).

Will CAT stock go up?

No one can know that. What the data says: the median 12-month target from 28 analysts implies +20.5% from the last close, and Ticker Nerd's factor model ranks Caterpillar, Inc. 71 out of 100 as at 3 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the CAT stock forecast for 2030?

No analyst covering Caterpillar, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for CAT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $575 to $1,225 over the next 12 months.

How has CAT stock performed over the past year?

Caterpillar, Inc. returned +95.4% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Caterpillar, Inc. do?

Caterpillar Inc. is a global industrial machinery company that manufactures construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

What is the latest news on CAT?

The most recent item we track (Seeking Alpha, 4 Sept 2026): "Caterpillar: Power & Energy Makes This Pullback A Strong Buy". Caterpillar shares have fallen nearly 30% from a recent high, bringing the stock back toward a technical area. The article notes Power & Energy is becoming a larger share of profits with multi-year order visibility and stronger margins, while services, connected assets, rental, and mining replacement demand are reducing dependence on the traditional construction cycle.

Company

About Caterpillar, Inc.

Caterpillar Inc. is a global industrial machinery company that manufactures construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its product lineup supports infrastructure, resource extraction, power generation, rail transport, and heavy industrial operations across markets worldwide. Caterpillar also provides parts, service support, and financing through its dealer network and financial services segment, helping customers maintain and operate large fleets of equipment. The company serves contractors, miners, utilities, energy producers, rail operators, and other industrial customers that rely on durable, high-performance machines and power systems. Headquartered in Irving, Texas, Caterpillar plays a central role in the industrial economy by supplying equipment and services used in construction, energy, and transportation applications.

CEO Mr. Joseph E. Creed CPA · 118,000 employees · United States · https://www.caterpillar.com