The latest price target for Cummins (NYSE:CMI) was reported by Truist Securities on December 19, 2024. The analyst firm set a price target for $424.00 expecting CMI to rise to within 12 months (a possible 21.37% upside). 32 analyst firms have reported ratings in the last year.

The latest analyst rating for Cummins (NYSE:CMI) was provided by Truist Securities, and Cummins maintained their hold rating.

The last upgrade for Cummins Inc happened on December 9, 2024 when JP Morgan raised their price target to $420. JP Morgan previously had an underweight 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 December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.

While ratings are subjective and will change, the latest Cummins (CMI) rating was a maintained with a price target of $369.00 to $424.00. The current price Cummins (CMI) is trading at is $349.34, which is out of the analyst’s predicted range.