CATERPILLAR INC (CAT) Forecast, Price Target & Analyst Ratings

NYSE:CAT • US1491231015

Current stock price

767.28 USD
+42.84 (+5.91%)
Last:

Analyst forecast overview

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

Price Target
$736.41
-4.02% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 23, 2026
Period
Q1 / 2026
EPS Estimate
$4.60
Revenue Estimate
16.689B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
74.12%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$736.41
Upside
-4.02%
From current price of $767.28 to mean target of $736.41, Based on 34 analyst forecasts
Low
$429.25
Median
$714.00
High
$921.90

Price Target Revisions

1 Month
3.28%
3 Months
23.25%

Price Target Summary

34 Wall Street analysts provided a forecast for the next 12 months for CAT. The average price target is 736.42 USD. This implies a price decrease of -4.02% is expected in the next year compared to the current price of 767.28.
The average price target has been revised upward by 23.25% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CAT Current Analyst RatingCAT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

CAT Historical Analyst RatingsCAT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
74.12%
CAT was analyzed by 34 analysts. The buy percentage consensus is at 74. 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 34 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-01BarclaysMaintains Equal-Weight -> Equal-Weight
2026-03-09CitigroupMaintains Buy -> Buy
2026-03-06OppenheimerMaintains Outperform -> Outperform
2026-02-25Wells FargoMaintains Overweight -> Overweight
2026-02-23Evercore ISI GroupMaintains Outperform -> Outperform
2026-02-10B of A SecuritiesMaintains Buy -> Buy
2026-02-03Morgan StanleyMaintains Underweight -> Underweight
2026-02-02DA DavidsonMaintains Neutral -> Neutral
2026-02-02Truist SecuritiesMaintains Buy -> Buy
2026-02-02CitigroupMaintains Buy -> Buy
2026-01-30OppenheimerMaintains Outperform -> Outperform
2026-01-30RBC CapitalMaintains Sector Perform -> Sector Perform
2026-01-30BarclaysMaintains Equal-Weight -> Equal-Weight
2026-01-30Wells FargoMaintains Overweight -> Overweight
2026-01-30JP MorganMaintains Overweight -> Overweight
2026-01-30B of A SecuritiesMaintains Buy -> Buy
2026-01-30JefferiesMaintains Buy -> Buy
2026-01-27JefferiesMaintains Buy -> Buy
2026-01-23BarclaysMaintains Equal-Weight -> Equal-Weight
2026-01-23Wells FargoMaintains Overweight -> Overweight
2026-01-23Morgan StanleyMaintains Underweight -> Underweight
2026-01-20OppenheimerMaintains Outperform -> Outperform
2026-01-14JP MorganMaintains Overweight -> Overweight
2026-01-13CitigroupMaintains Buy -> Buy
2025-12-19BernsteinMaintains Market Perform -> Market Perform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 23, 2026
Period
Q1 / 2026
EPS Estimate
$4.60
Revenue Estimate
16.689B
Revenue Q2Q
17.12%
EPS Q2Q
8.31%
Number of Analysts
22

Next Earnings Revisions

Revenue (1 Month)
0.89%
Revenue (3 Months)
4.82%
EPS (1 Month)
1.46%
EPS (3 Months)
3.24%

Next Earnings Summary

CAT is expected to report earnings on 4/23/2026. The consensus EPS estimate for the next earnings is 4.6 USD and the consensus revenue estimate is 16.69B USD.
The next earnings revenue estimate has been revised upward by 4.82% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

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
CAT revenue by date.CAT revenue by date.
67.06B
12.84%		64.809B
-3.36%		67.589B
4.29%		74.686B
10.50%		81.147B
8.65%		86.525B
6.63%		91.091B
5.28%		95.962B
5.35%		107.247B
EBITDA
YoY % growth
CAT ebitda by date.CAT ebitda by date.
16.92B
42.04%		16.87B
-0.30%		14.772B
-12.44%		15.609B
5.67%		18.244B
16.88%		20.711B
13.52%		26.076B
25.90%		28.409B
8.95%		N/A
EBIT
YoY % growth
CAT ebit by date.CAT ebit by date.
14.776B
52.44%		14.717B
-0.40%		12.51B
-15.00%		13.602B
8.73%		15.982B
17.50%		18.748B
17.31%		21.109B
12.59%		22.583B
6.98%		22.135B
Operating Margin
CAT operating margin by date.CAT operating margin by date.
22.03%22.71%18.51%18.21%19.70%21.67%23.17%23.53%20.64%
EPS
YoY % growth
CAT eps by date.CAT eps by date.
21.21
48.53%		21.90
3.25%		19.08
-12.88%		22.98
20.46%		27.82
21.02%		32.41
16.50%		42.44
30.97%		47.28
11.42%		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		4.60
8.31%		5.76
22.03%		6.23
25.91%		6.57
27.33%		5.79
25.88%		6.89
19.64%		7.42
19.00%		7.56
15.10%
Revenue
Q2Q % growth		16.689B
17.12%		18.547B
11.94%		19.301B
9.43%		20.655B
7.95%		18.229B
9.23%		20.176B
8.78%		21.016B
8.89%		22.415B
8.52%
EBITDA
Q2Q % growth		3.216B
-7.53%		3.881B
-10.76%		4.135B
-18.91%		4.363B
-17.26%		4.016B
24.88%		4.49B
15.69%		4.624B
11.83%		4.743B
8.71%
EBIT
Q2Q % growth		2.744B
-6.60%		3.372B
3.59%		3.644B
6.08%		3.765B
25.04%		3.382B
23.25%		3.923B
16.34%		4.11B
12.79%		3.975B
5.58%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CAT Yearly Revenue VS EstimatesCAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2033 20B 40B 60B 80B 100B
CAT Yearly EPS VS EstimatesCAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10 20 30 40

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
19.31%
EPS Next 5 Year
19.90%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
9.00%
Revenue Next 5 Year
7.51%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
20.79%
EBIT Next 5 Year
19.31%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CATERPILLAR INC / CAT Forecast FAQ

What is the average price target for CATERPILLAR INC (CAT) stock?

34 analysts have analysed CAT and the average price target is 736.42 USD. This implies a price decrease of -4.02% is expected in the next year compared to the current price of 767.28.

When does CATERPILLAR INC (CAT) report earnings?

CATERPILLAR INC (CAT) will report earnings on 2026-04-23, before the market open.

What are the consensus estimates for CATERPILLAR INC (CAT) next earnings?

The consensus EPS estimate for the next earnings of CATERPILLAR INC (CAT) is 4.6 USD and the consensus revenue estimate is 16.69B USD.

How do analysts rate CATERPILLAR INC (CAT)?

The consensus rating for CATERPILLAR INC (CAT) is 74.1176 / 100 . This indicates that analysts generally have a positive outlook on the stock.