What is the analyst consensus rating for CAT?

The analyst consensus rating for CAT is "Buy" based on 21 analyst recommendations.

What is the average price target for CAT?

The average 12-month price target for CAT is $1025.18, representing an upside of 14.6% from the current price of $894.54.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Caterpillar Inc. (CAT) Forecast: Analyst Ratings & Targets

Latest CAT Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Jul 14, 2026	Kyle Menges	Citi	Maintains	Buy	$1020.00 → $1100.00 +80.00 (7.8%)
Jul 13, 2026	Kristen Owen	Oppenheimer	Maintains	Buy	$980.00 → $1105.00 +125.00 (12.8%)
Jul 13, 2026	Derek Lewis	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 12, 2026	Pamela Kock	The Motley Fool	Initiates Coverage	Buy	-
Jul 10, 2026	Nauman Khan	InvestorPlace	Initiates Coverage	Buy	-
Jul 9, 2026	Adam Seiden	Barclays	Maintains	Hold	$800.00
Jul 7, 2026	Jamie Cook	Truist	Maintains	Buy	$1218.00
Jul 2, 2026	OpenAI Agricultural - Machinery	TipRanks - OpenAI	Reiterates	Buy	$1130.00 → $1177.00 +47.00 (4.2%)
Jul 2, 2026	Jamie Cook	Truist	Reiterates	Buy	$1043.00 → $1218.00 +175.00 (16.8%)
Jun 29, 2026	Chad Dillard	Bernstein	Maintains	Hold	$879.00
Jun 23, 2026	Adam Seiden	Barclays	Maintains	Hold	$800.00
Jun 23, 2026	Tami Zakaria	JP Morgan	Maintains	Buy	$1125.00 → $1165.00 +40.00 (3.6%)
Jun 23, 2026	Jerry Revich	Wells Fargo	Reiterates	Buy	$1050.00 → $1155.00 +105.00 (10.0%)
Jun 22, 2026	Tami Zakaria	JP Morgan	Maintains	Buy	$1125.00 → $1165.00 +40.00 (3.6%)
Jun 15, 2026	Andrew Rocco	Zacks Equity Research	Initiates Coverage	Buy	-
Jun 12, 2026	Michael Feniger	BofA Securities	Maintains	Buy	$989.00
Jun 12, 2026	Jerry Revich	Wells Fargo	Reiterates	Buy	-
Jun 11, 2026	Chad Dillard	Bernstein	Maintains	Hold	$879.00
Jun 5, 2026	Adam Seiden	Barclays	Maintains	Hold	$700.00 → $800.00 +100.00 (14.3%)
Jun 2, 2026	Steven Fisher	UBS	Reiterates	Hold	$677.00 → $900.00 +223.00 (32.9%)
May 22, 2026	Stephen Volkmann	Jefferies	Maintains	Buy	$1045.00
May 11, 2026	David Raso	Evercore ISI Group	Maintains	Buy	$878.00 → $1103.00 +225.00 (25.6%)
May 5, 2026	Kristina Ruggeri	Argus Research	Reiterates	Buy	$820.00 → $990.00 +170.00 (20.7%)
May 4, 2026	Kristina Ruggeri	Argus Research	Initiates Coverage	Buy	$820.00 → $990.00 +170.00 (20.7%)
May 4, 2026	Kyle Menges	Citi	Initiates Coverage	Buy	$905.00 → $1020.00 +115.00 (12.7%)
May 4, 2026	Michael Shlisky	DA Davidson	Maintains	Hold	$650.00 → $845.00 +195.00 (30.0%)
May 1, 2026	Jamie Cook	Truist	Reiterates	Buy	$920.00 → $1043.00 +123.00 (13.4%)
May 1, 2026	Tami Zakaria	JP Morgan	Initiates Coverage	Buy	$860.00 → $1125.00 +265.00 (30.8%)
May 1, 2026	Mircea Dobre	Baird	Maintains	Buy	$940.00 → $1165.00 +225.00 (23.9%)
May 1, 2026	Kristen Owen	Oppenheimer	Reiterates	Buy	$832.00 → $980.00 +148.00 (17.8%)
May 1, 2026	Sabahat Khan	RBC Capital	Maintains	Hold	$877.00
May 1, 2026	Angel Castillo	Morgan Stanley	Downgrades	Hold	$430.00 → $915.00 +485.00 (112.8%)

Kyle Menges

Citi

BuyMaintains

$1020.00 → $1100.00

Jul 14

Kristen Owen

Oppenheimer

BuyMaintains

$980.00 → $1105.00

Jul 13

Derek Lewis

Zacks Equity Research

BuyInitiates Coverage

Jul 13

Pamela Kock

The Motley Fool

BuyInitiates Coverage

Jul 12

Nauman Khan

InvestorPlace

BuyInitiates Coverage

Jul 10

Adam Seiden

Barclays

HoldMaintains

$800.00

Jul 9

Jamie Cook

Truist

BuyMaintains

$1218.00

Jul 7

OpenAI Agricultural - Machinery

TipRanks - OpenAI

BuyReiterates

$1130.00 → $1177.00

Jul 2

Jamie Cook

Truist

BuyReiterates

$1043.00 → $1218.00

Jul 2

Chad Dillard

Bernstein

HoldMaintains

$879.00

Jun 29

Adam Seiden

Barclays

HoldMaintains

$800.00

Jun 23

Tami Zakaria

JP Morgan

BuyMaintains

$1125.00 → $1165.00

Jun 23

Jerry Revich

Wells Fargo

BuyReiterates

$1050.00 → $1155.00

Jun 23

Tami Zakaria

JP Morgan

BuyMaintains

$1125.00 → $1165.00

Jun 22

Andrew Rocco

Zacks Equity Research

BuyInitiates Coverage

Jun 15

Michael Feniger

BofA Securities

BuyMaintains

$989.00

Jun 12

Jerry Revich

Wells Fargo

BuyReiterates

Jun 12

Chad Dillard

Bernstein

HoldMaintains

$879.00

Jun 11

Adam Seiden

Barclays

HoldMaintains

$700.00 → $800.00

Jun 5

Steven Fisher

UBS

HoldReiterates

$677.00 → $900.00

Jun 2

Stephen Volkmann

Jefferies

BuyMaintains

$1045.00

May 22

David Raso

Evercore ISI Group

BuyMaintains

$878.00 → $1103.00

May 11

Kristina Ruggeri

Argus Research

BuyReiterates

$820.00 → $990.00

May 5

Kristina Ruggeri

Argus Research

BuyInitiates Coverage

$820.00 → $990.00

May 4

Kyle Menges

Citi

BuyInitiates Coverage

$905.00 → $1020.00

May 4

Michael Shlisky

DA Davidson

HoldMaintains

$650.00 → $845.00

May 4

Jamie Cook

Truist

BuyReiterates

$920.00 → $1043.00

May 1

Tami Zakaria

JP Morgan

BuyInitiates Coverage

$860.00 → $1125.00

May 1

Mircea Dobre

Baird

BuyMaintains

$940.00 → $1165.00

May 1

Kristen Owen

Oppenheimer

BuyReiterates

$832.00 → $980.00

May 1

Sabahat Khan

RBC Capital

HoldMaintains

$877.00

May 1

Angel Castillo

Morgan Stanley

HoldDowngrades

$430.00 → $915.00

May 1

Caterpillar Inc. (CAT) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest CAT Analyst Ratings & Recommendations

Frequently Asked Questions