Caterpillar (CAT) Stock Forecast & Price Target

$343.06

-0.24 (-0.07%)

(As of 08/21/2024 ET)

Caterpillar - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for Caterpillar in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 2 have given a sell rating, 9 have given a hold rating, and 7 have given a buy rating for CAT.

Consensus Price Target

$336.31
-1.97% Downside

High Forecast	$435.00
Average Forecast	$336.31
Low Forecast	$245.00

According to the 18 analysts' twelve-month price targets for Caterpillar, the average price target is $336.31. The highest price target for CAT is $435.00, while the lowest price target for CAT is $245.00. The average price target represents a forecasted downside of -1.97% from the current price of $343.06.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$336.31	$329.63	$323.35	$267.00
Forecasted Upside	-1.97% Downside	4.68% Upside	4.23% Upside	3.22% Upside

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CAT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CAT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Caterpillar Stock vs. The Competition

Type	Caterpillar	Industrial Products Companies	S&P 500
Consensus Rating Score	2.28	2.54	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-1.97% Downside	40.93% Upside	8.74% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$338.00 ➝ $321.00	-6.88%
8/7/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$315.00 ➝ $335.00	+1.78%
8/7/2024	Bank of America 4 of 5 stars		Lower Target	Buy ➝ Buy	$385.00 ➝ $376.00	+14.23%
8/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$270.00 ➝ $285.00	-13.90%
8/7/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$390.00 ➝ $399.00	+22.24%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
Get the Latest News and Ratings for CAT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Caterpillar and its competitors with MarketBeat's FREE daily newsletter.
6/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Thein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold ➝ Buy	$380.00	+16.06%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$330.00 ➝ $360.00	+6.90%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$338.00 ➝ $340.00	+0.52%
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$293.00 ➝ $350.00	+3.48%
4/18/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$357.00 ➝ $408.00	+13.10%
4/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$385.00 ➝ $435.00	+20.58%
2/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$210.00 ➝ $257.00	-19.96%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$290.00 ➝ $325.00	+1.36%
1/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$270.00	-6.55%
12/21/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$216.00 ➝ $245.00	-14.86%
11/8/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$282.00 ➝ $295.00	+24.88%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$279.00 ➝ $334.00	+15.76%
6/21/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Shlisky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$263.00	+8.91%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$228.00 ➝ $225.00	+1.99%
2/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$210.00 ➝ $230.00	-7.53%
1/31/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. De. Maria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$240.00 ➝ $264.00	+14.60%
11/1/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$205.00	-6.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:57 AM ET.

CAT Forecast - Frequently Asked Questions

What is Caterpillar's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Caterpillar is $336.31, with a high forecast of $435.00 and a low forecast of $245.00.
Should I buy or sell Caterpillar stock right now?: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caterpillar in the last year. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CAT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAT, but not buy additional shares or sell existing shares.
Does Caterpillar's stock price have much upside?: According to analysts, Caterpillar's stock has a predicted upside of 3.93% based on their 12-month stock forecasts.
What analysts cover Caterpillar?: Caterpillar has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, Raymond James, Truist Financial, and UBS Group in the past 90 days.
Do Wall Street analysts like Caterpillar more than its competitors?: Analysts like Caterpillar less than other "industrial products" companies. The consensus rating for Caterpillar is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how CAT compares to other companies.