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Caterpillar Inc.

CATNYSEIndustrialsFarm & Heavy Construction Machinery

$687.00Today:- (-)1Y +35.26%

As of Oct 23, 2026 close

Market cap
$317.74B
P/E (TTM)
29.30
Forward P/E
26.39
Dividend yield
0.66%
52-week range
$510.21$1,073.46
Volume (live)
-
Avg. volume (3M)
2.51M

Caterpillar Inc. (CAT) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Caterpillar Inc. stock.

Analyst Consensus Rating

Investment consensus from 27 professional research analysts

Consensus Rating

Buy
Based on 27 unique analysts
(40 total ratings in last 90 days)
Very High Confidence16.0:1 Buy/Sell

Average Price Target

$983.21
+43.12% upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest CAT Analyst Ratings & Recommendations

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

Michael Feniger
BofA Securities
BuyMaintains
-
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Adam Seiden
Barclays
HoldMaintains
$900.00
Zacks Equity Research
Zacks Equity Research
HoldInitiates Coverage
-
Angel Castillo
Morgan Stanley
HoldMaintains
$915.00
Kristen Owen
Oppenheimer
BuyMaintains
$1118.00 → $1009.00
Kyle Menges
Citi
BuyMaintains
$1100.00 → $950.00
Kyle Menges
Citi
BuyMaintains
$1100.00 → $950.00
Jerry Revich
Wells Fargo
BuyMaintains
$1155.00
Madhurima Das
Zacks Equity Research
HoldInitiates Coverage
-
Jerry Revich
Wells Fargo
BuyMaintains
$1155.00
Tami Zakaria
JP Morgan
BuyMaintains
$1100.00
Zacks Equity Research
Zacks Equity Research
HoldInitiates Coverage
-
Jamie Cook
Truist
BuyMaintains
$1225.00 → $1100.00
Madhurima Das
Zacks Equity Research
BuyInitiates Coverage
-
Angel Castillo
Morgan Stanley
HoldReiterates
$915.00
Nauman Khan
InvestorPlace
SellInitiates Coverage
-
Chad Dillard
Bernstein
HoldMaintains
$1002.00
Chad Dillard
Bernstein
HoldMaintains
$1002.00
Michael Feniger
BofA Securities
BuyMaintains
$989.00
Derek Lewis
Zacks Equity Research
BuyInitiates Coverage
-
Vaishali Doshi
Zacks Equity Research
BuyInitiates Coverage
-
Adam Seiden
Barclays
HoldMaintains
$900.00
Andrew Rocco
Zacks Equity Research
BuyInitiates Coverage
-
Kyle Menges
Citi
BuyReiterates
$1100.00
Unknown Analyst
Stifel Nicolaus
BuyUpgrades
$980.00
Sergey Glinyanov
Freedom Capital
BuyUpgrades
$980.00
Urmimala Biswas
Zacks Equity Research
BuyInitiates Coverage
-
Jerry Revich
Wells Fargo
BuyReiterates
$1155.00
Tirthankar Chakraborty
Zacks Equity Research
BuyInitiates Coverage
-
Tracey Ryniec
TopStockAnalysts
BuyInitiates Coverage
-
Shaun Pruitt
Zacks Equity Research
HoldInitiates Coverage
-
Michael Shlisky
DA Davidson
HoldMaintains
$845.00 → $882.00
Steven Fisher
UBS
HoldMaintains
$900.00 → $925.00
Mircea Dobre
Baird
HoldMaintains
$900.00 → $970.00
Jamie Cook
Truist
BuyReiterates
$1218.00 → $1225.00
Sabahat Khan
RBC Capital
HoldMaintains
$877.00 → $897.00
Tami Zakaria
JP Morgan
BuyInitiates Coverage
$1165.00 → $1100.00
Todd Shriber
TopStockAnalysts
BuyInitiates Coverage
-
Hans Engel
Erste
HoldUpgrades
-

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 22, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for CAT?

The analyst consensus rating for CAT is Buy, based on the latest ratings from 27 analysts over the last 90 days.

What is the average price target for CAT?

The average 12-month price target for CAT is $983.21, representing an upside of 43.1% from the Oct 23, 2026 close of $687.00.

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.