CUMMINS INC (CMI) Forecast, Price Target & Analyst Ratings

NYSE:CMI • US2310211063

Current stock price

657.44 USD
-13.57 (-2.02%)
At close:
658.13 USD
+0.69 (+0.1%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CUMMINS INC (CMI).

Forecast Snapshot

Consensus Price Target

Price Target
$631.39
-3.96% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$5.62
Revenue Estimate
8.411B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
74.81%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$631.39
Upside
-3.96%
From current price of $657.44 to mean target of $631.39, Based on 27 analyst forecasts
Low
$499.50
Median
$642.60
High
$738.15

Price Target Revisions

1 Month
0.83%
3 Months
15.10%

Price Target Summary

27 Wall Street analysts provided a forecast for the next 12 months for CMI. The average price target is 631.39 USD. This implies a price decrease of -3.96% is expected in the next year compared to the current price of 657.44.
The average price target has been revised upward by 15.1% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CMI Current Analyst RatingCMI 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

CMI Historical Analyst RatingsCMI 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 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
74.81%
CMI was analyzed by 27 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about CMI.
In the previous month the buy percentage consensus was at a similar level.
CMI was analyzed by 27 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
2026-04-20Truist SecuritiesMaintains Buy -> Buy
2026-04-13Wells FargoMaintains Overweight -> Overweight
2026-04-13CitigroupMaintains Buy -> Buy
2026-02-23Evercore ISI GroupMaintains Outperform -> Outperform
2026-02-09Raymond JamesMaintains Outperform -> Outperform
2026-02-06Truist SecuritiesReiterate Buy -> Buy
2026-01-26Wolfe ResearchDowngrade Outperform -> Peer Perform
2026-01-23BarclaysMaintains Overweight -> Overweight
2026-01-23Wells FargoMaintains Overweight -> Overweight
2026-01-14JP MorganMaintains Neutral -> Neutral
2026-01-13CitigroupMaintains Buy -> Buy
2025-12-22Raymond JamesUpgrade Market Perform -> Outperform
2025-12-19BarclaysUpgrade Equal-Weight -> Overweight
2025-12-18Truist SecuritiesMaintains Buy -> Buy
2025-12-11CitigroupMaintains Buy -> Buy
2025-11-25Argus ResearchMaintains Buy -> Buy
2025-11-25UBSUpgrade Sell -> Neutral
2025-11-24Truist SecuritiesUpgrade Hold -> Buy
2025-11-14Wells FargoInitiate Overweight
2025-11-11BarclaysMaintains Equal-Weight -> Equal-Weight
2025-11-07Truist SecuritiesMaintains Hold -> Hold
2025-11-07CitigroupMaintains Buy -> Buy
2025-10-20BarclaysMaintains Equal-Weight -> Equal-Weight
2025-10-14JP MorganMaintains Neutral -> Neutral
2025-10-08Truist SecuritiesMaintains Hold -> Hold

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$5.62
Revenue Estimate
8.411B
Revenue Q2Q
2.90%
EPS Q2Q
-5.63%
Number of Analysts
20

Next Earnings Revisions

Revenue (1 Month)
-0.07%
Revenue (3 Months)
3.27%
EPS (1 Month)
-1.58%
EPS (3 Months)
0.81%

Next Earnings Summary

CMI is expected to report earnings on 5/5/2026. The consensus EPS estimate for the next earnings is 5.62 USD and the consensus revenue estimate is 8.41B USD.
The next earnings revenue estimate has been revised upward by 3.27% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2032

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Revenue
YoY % growth
CMI revenue by date.CMI revenue by date.
34.065B
21.34%		34.102B
0.11%		33.67B
-1.27%		36.106B
7.23%		39.204B
8.58%		42.256B
7.78%		45.356B
7.34%		48.169B
6.20%		51.254B
6.40%		54.419B
6.18%
EBITDA
YoY % growth
CMI ebitda by date.CMI ebitda by date.
4.347B
24.70%		4.742B
9.09%		5.132B
8.22%		6.382B
24.36%		7.187B
12.61%		7.841B
9.10%		9.45B
20.52%		10.019B
6.02%		N/AN/A
EBIT
YoY % growth
CMI ebit by date.CMI ebit by date.
3.323B
22.98%		3.677B
10.65%		4.027B
9.52%		4.985B
23.79%		5.793B
16.21%		6.752B
16.55%		7.643B
13.20%		8.084B
5.77%		N/AN/A
Operating Margin
CMI operating margin by date.CMI operating margin by date.
9.75%10.78%11.96%13.81%14.78%15.98%16.85%16.78%N/AN/A
EPS
YoY % growth
CMI eps by date.CMI eps by date.
19.16
18.05%		21.36
11.48%		22.25
4.17%		26.33
18.32%		31.33
19.01%		35.45
13.15%		43.98
24.05%		47.29
7.53%		N/AN/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		5.62
-5.63%		6.51
1.18%		7.12
27.30%		7.34
71.79%		7.09
25.97%		7.98
22.72%		8.72
22.48%		9.07
23.65%
Revenue
Q2Q % growth		8.411B
2.90%		8.995B
4.07%		9.193B
10.53%		9.505B
11.35%		9.282B
10.36%		9.716B
8.02%		10.052B
9.34%		10.374B
9.14%
EBITDA
Q2Q % growth		1.452B
14.15%		1.601B
-3.32%		1.675B
-6.27%		1.7B
-9.86%		1.748B
20.39%		1.853B
15.74%		1.962B
17.13%		1.883B
10.76%
EBIT
Q2Q % growth		1.125B
12.16%		1.258B
13.54%		1.298B
34.93%		1.276B
63.38%		1.406B
24.98%		1.496B
18.92%		1.61B
24.04%		1.485B
16.38%

All data in USD

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

CMI Yearly Revenue VS EstimatesCMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B 50B
CMI Yearly EPS VS EstimatesCMI 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
16.80%
EPS Next 5 Year
16.27%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
7.83%
Revenue Next 5 Year
7.41%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
20.56%
EBIT Next 5 Year
17.49%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CUMMINS INC / CMI Forecast FAQ

What is the price target for CMI stock?

27 analysts have analysed CMI and the average price target is 631.39 USD. This implies a price decrease of -3.96% is expected in the next year compared to the current price of 657.44.

What is the next earnings date for CMI stock?

CUMMINS INC (CMI) will report earnings on 2026-05-05, before the market open.

Can you provide the consensus estimates for CUMMINS INC next earnings?

The consensus EPS estimate for the next earnings of CUMMINS INC (CMI) is 5.62 USD and the consensus revenue estimate is 8.41B USD.

Can you provide the expected long term growth rate for CUMMINS INC stock?

The expected long term growth rate for CUMMINS INC (CMI) is 7.83%.