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Caterpillar Inc has a consensus price target of $329.19 based on the ratings of 28 analysts. The high is $515 issued by JP Morgan on December 9, 2024. The low is $174 issued by Morgan Stanley on October 28, 2022. The 3 most-recent analyst ratings were released by Truist Securities, Citigroup, and Evercore ISI Group on January 16, 2025, January 14, 2025, and January 13, 2025, respectively. With an average price target of $413.33 between Truist Securities, Citigroup, and Evercore ISI Group, there's an implied 3.93% upside for Caterpillar Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Caterpillar (NYSE:CAT) was reported by Truist Securities on January 16, 2025. The analyst firm set a price target for $455.00 expecting CAT to rise to within 12 months (a possible 14.41% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Caterpillar (NYSE:CAT) was provided by Truist Securities, and Caterpillar maintained their buy rating.
The last upgrade for Caterpillar Inc happened on January 13, 2025 when Evercore ISI Group raised their price target to $365. Evercore ISI Group previously had an underperform for Caterpillar Inc.
The last downgrade for Caterpillar Inc happened on November 13, 2024 when Evercore ISI Group changed their price target from $321 to $365 for Caterpillar Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Caterpillar, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Caterpillar was filed on January 16, 2025 so you should expect the next rating to be made available sometime around January 16, 2026.
While ratings are subjective and will change, the latest Caterpillar (CAT) rating was a maintained with a price target of $471.00 to $455.00. The current price Caterpillar (CAT) is trading at is $397.70, which is out of the analyst’s predicted range.
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