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Cummins Inc has a consensus price target of $324.24 based on the ratings of 22 analysts. The high is $451 issued by Evercore ISI Group on February 19, 2025. The low is $190 issued by Bernstein on July 20, 2022. The 3 most-recent analyst ratings were released by Evercore ISI Group, Baird, and Barclays on February 19, 2025, February 5, 2025, and February 5, 2025, respectively. With an average price target of $413 between Evercore ISI Group, Baird, and Barclays, there's an implied 12.56% upside for Cummins Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cummins (NYSE:CMI) was reported by Evercore ISI Group on February 19, 2025. The analyst firm set a price target for $451.00 expecting CMI to rise to within 12 months (a possible 22.92% upside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Cummins (NYSE:CMI) was provided by Evercore ISI Group, and Cummins maintained their outperform rating.
The last upgrade for Cummins Inc happened on January 14, 2025 when B of A Securities raised their price target to $358. B of A Securities previously had an underperform for Cummins Inc.
The last downgrade for Cummins Inc happened on January 19, 2024 when B of A Securities changed their price target from $243 to $225 for Cummins Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cummins, 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 Cummins was filed on February 19, 2025 so you should expect the next rating to be made available sometime around February 19, 2026.
While ratings are subjective and will change, the latest Cummins (CMI) rating was a maintained with a price target of $408.00 to $451.00. The current price Cummins (CMI) is trading at is $366.92, which is out of the analyst’s predicted range.
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