CATERPILLAR INC (CAT) Forecast, Price Target & Analyst Ratings
NYSE:CAT • US1491231015
680.9 USD
-25.18 (-3.57%)
At close: Mar 6, 2026
679.512 USD
-1.39 (-0.2%)
After Hours: 3/6/2026, 8:04:21 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CATERPILLAR INC (CAT).
Forecast Snapshot
Consensus Price Target
$713.02
+ 4.72% Upside
Next Earnings Forecast
Release DateApr 28, 2026
PeriodQ1 / 2026
EPS Estimate$4.54
Revenue Estimate16.541B
ChartMill Buy Consensus
74.55%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
$713.02
Upside
+ 4.72%
From current price of $680.90 to mean target of $713.02, Based on 33 analyst forecasts
Low
$429.25
Median
$691.56
High
$921.90
Price Target Revisions
1 Month
17.15%
3 Months
20.90%
Price Target Summary
33 analysts have analysed CAT and the average price target is 713.02 USD. This implies a price increase of 4.72% is expected in the next year compared to the current price of 680.9.
The average price target has been revised upward by 20.9% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
74.55%
CAT was analyzed by 33 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about CAT.
In the previous month the buy percentage consensus was at a similar level.
CAT was analyzed by 33 analysts, which is quite many. So the average rating should be quite meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2026-03-06 | Oppenheimer | Maintains | Outperform -> Outperform |
| 2026-02-25 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2026-02-23 | Evercore ISI Group | Maintains | Outperform -> Outperform |
| 2026-02-10 | B of A Securities | Maintains | Buy -> Buy |
| 2026-02-03 | Morgan Stanley | Maintains | Underweight -> Underweight |
| 2026-02-02 | DA Davidson | Maintains | Neutral -> Neutral |
| 2026-02-02 | Truist Securities | Maintains | Buy -> Buy |
| 2026-02-02 | Citigroup | Maintains | Buy -> Buy |
| 2026-01-30 | Oppenheimer | Maintains | Outperform -> Outperform |
| 2026-01-30 | RBC Capital | Maintains | Sector Perform -> Sector Perform |
| 2026-01-30 | Barclays | Maintains | Equal-Weight -> Equal-Weight |
| 2026-01-30 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2026-01-30 | JP Morgan | Maintains | Overweight -> Overweight |
| 2026-01-30 | B of A Securities | Maintains | Buy -> Buy |
| 2026-01-30 | Jefferies | Maintains | Buy -> Buy |
| 2026-01-27 | Jefferies | Maintains | Buy -> Buy |
| 2026-01-23 | Barclays | Maintains | Equal-Weight -> Equal-Weight |
| 2026-01-23 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2026-01-23 | Morgan Stanley | Maintains | Underweight -> Underweight |
| 2026-01-20 | Oppenheimer | Maintains | Outperform -> Outperform |
| 2026-01-14 | JP Morgan | Maintains | Overweight -> Overweight |
| 2026-01-13 | Citigroup | Maintains | Buy -> Buy |
| 2025-12-19 | Bernstein | Maintains | Market Perform -> Market Perform |
| 2025-12-11 | Citigroup | Maintains | Buy -> Buy |
| 2025-12-10 | Morgan Stanley | Maintains | Underweight -> Underweight |
Next Earnings Forecast Details
Next Earnings Details
Release DateApr 28, 2026
PeriodQ1 / 2026
EPS Estimate$4.54
Revenue Estimate16.541B
Revenue Q2Q16.09%
EPS Q2Q6.74%
Number of Analysts22
Next Earnings Revisions
Revenue (1 Month)
4.27%
Revenue (3 Months)
3.64%
EPS (1 Month)
1.90%
EPS (3 Months)
2.87%
Next Earnings Summary
CAT is expected to report earnings on 4/28/2026. The consensus EPS estimate for the next earnings is 4.54 USD and the consensus revenue estimate is 16.54B USD.
The next earnings revenue estimate has been revised upward by 3.64% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2033 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 67.06B 12.84% | 64.809B -3.36% | 67.589B 4.29% | 74.57B 10.33% | 81.037B 8.67% | 86.724B 7.02% | 87.261B 0.62% | 93.91B 7.62% | 107.247B | |
| EBITDA YoY % growth | 16.92B 42.04% | 16.87B -0.30% | 14.772B -12.44% | 15.609B 5.67% | 18.244B 16.88% | 20.711B 13.52% | 27.258B 31.61% | 29.707B 8.98% | N/A | |
| EBIT YoY % growth | 14.776B 52.44% | 14.717B -0.40% | 12.51B -15.00% | 13.509B 7.99% | 15.767B 16.71% | 18.493B 17.29% | 21.109B 14.15% | 22.583B 6.98% | 22.135B | |
| Operating Margin | 22.03% | 22.71% | 18.51% | 18.12% | 19.46% | 21.32% | 24.19% | 24.05% | 20.64% | |
| EPS YoY % growth | 21.21 48.53% | 21.90 3.25% | 19.08 -12.88% | 22.76 19.30% | 27.74 21.88% | 30.87 11.26% | 43.53 41.02% | 47.90 10.03% | N/A |
All data in USD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q1 / 26 | Q2 / 26 | Q3 / 26 | Q4 / 26 | Q1 / 27 | Q2 / 27 | Q3 / 27 | Q4 / 27 | |
|---|---|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 4.54 6.74% | 5.69 20.56% | 6.17 24.66% | 5.87 13.83% | 5.77 27.12% | 6.75 18.56% | 7.29 18.17% | 7.40 25.96% |
| Revenue Q2Q % growth | 16.541B 16.09% | 18.52B 11.78% | 18.98B 7.61% | 19.345B 1.11% | 17.693B 6.96% | 19.735B 6.56% | 20.666B 8.88% | 20.714B 7.08% |
| EBITDA Q2Q % growth | 3.147B -9.52% | 3.828B -11.98% | 4.076B -20.06% | 3.921B -25.64% | 4.003B 27.20% | 4.283B 11.89% | 4.5B 10.40% | 4.581B 16.83% |
| EBIT Q2Q % growth | 2.681B -8.75% | 3.323B 2.09% | 3.699B 7.69% | 3.45B 14.58% | 2.892B 7.87% | 3.454B 3.94% | 3.366B -9.00% | 3.398B -1.51% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
17.39%
EPS Next 5 Year
20.21%
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
9.08%
Revenue Next 5 Year
7.04%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
20.79%
EBIT Next 5 Year
20.38%
CATERPILLAR INC / CAT Forecast FAQ
What is the average price target for CATERPILLAR INC (CAT) stock?
33 analysts have analysed CAT and the average price target is 713.02 USD. This implies a price increase of 4.72% is expected in the next year compared to the current price of 680.9.
When does CATERPILLAR INC (CAT) report earnings?
CATERPILLAR INC (CAT) will report earnings on 2026-04-28, before the market open.
What are the consensus estimates for CAT stock next earnings?
The consensus EPS estimate for the next earnings of CATERPILLAR INC (CAT) is 4.54 USD and the consensus revenue estimate is 16.54B USD.
How many analysts cover CATERPILLAR INC (CAT) stock?
The number of analysts covering CATERPILLAR INC (CAT) is 33.