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Cummins
CMINYSE
Cummins (NYSE:CMI) Stock, Analyst Ratings, Price Targets, Forecasts
Cummins Inc has a consensus price target of $268 based on the ratings of 22 analysts. The high is $321 issued by UBS on March 15, 2024. The low is $190 issued by Bernstein on July 20, 2022. The 3 most-recent analyst ratings were released by Truist Securities, Citigroup, and Truist Securities on July 2, 2024, June 26, 2024, and May 15, 2024, respectively. With an average price target of $318 between Truist Securities, Citigroup, and Truist Securities, there's an implied 9.22% upside for Cummins Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Truist Securities
Citigroup
TD Cowen
Baird
Goldman Sachs
1calculated from analyst ratings
Analyst Ratings for Cummins
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/02/2024 | Buy Now | 8.19% | Truist Securities | Jamie Cook | $319 → $315 | Maintains | Hold | Get Alert |
| 06/28/2024 | Buy Now | — | Raymond James | Tim Thein | — | Initiates | → Market Perform | Get Alert |
| 06/26/2024 | Buy Now | 9.91% | Citigroup | Kyle Menges | → $320 | Initiates | → Buy | Get Alert |
| 05/15/2024 | Buy Now | 9.57% | Truist Securities | Jamie Cook | $319 → $319 | Maintains | Hold | Get Alert |
| 05/10/2024 | Buy Now | 0.29% | TD Cowen | Matt Elkott | $272 → $292 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 9.57% | Truist Securities | Jamie Cook | $303 → $319 | Maintains | Hold | Get Alert |
| 05/03/2024 | Buy Now | 1.32% | Baird | David Leiker | $298 → $295 | Maintains | Neutral | Get Alert |
| 04/16/2024 | Buy Now | 5.1% | Goldman Sachs | Jerry Revich | $270 → $306 | Maintains | Neutral | Get Alert |
| 03/25/2024 | Buy Now | -5.55% | JP Morgan | Tami Zakaria | $245 → $275 | Maintains | Underweight | Get Alert |
| 03/15/2024 | Buy Now | 10.25% | UBS | Steven Fisher | $254 → $321 | Upgrade | Neutral → Buy | Get Alert |
| 03/14/2024 | Buy Now | 4.07% | Truist Securities | Jamie Cook | → $303 | Initiates | → Hold | Get Alert |
| 02/20/2024 | Buy Now | -16.19% | Evercore ISI Group | David Raso | $231 → $244 | Maintains | In-Line | Get Alert |
| 02/12/2024 | Buy Now | -2.11% | Citigroup | Timothy Thein | $265 → $285 | Maintains | Buy | Get Alert |
| 01/19/2024 | Buy Now | -22.72% | B of A Securities | Ross Gilardi | $243 → $225 | Downgrade | Neutral → Underperform | Get Alert |
| 01/18/2024 | Buy Now | -15.85% | JP Morgan | Tami Zakaria | $255 → $245 | Maintains | Underweight | Get Alert |
| 01/08/2024 | Buy Now | -4.52% | Morgan Stanley | Angel Castillo | → $278 | Initiates | → Overweight | Get Alert |
| 12/15/2023 | Buy Now | -16.54% | B of A Securities | Ross Gilardi | → $243 | Downgrade | Buy → Neutral | Get Alert |
| 10/16/2023 | Buy Now | -12.42% | JP Morgan | Ann Duignan | $270 → $255 | Downgrade | Neutral → Underweight | Get Alert |
| 08/04/2023 | Buy Now | -1.08% | Credit Suisse | Jamie Cook | $290 → $288 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | -7.26% | Goldman Sachs | Jerry Revich | $241 → $270 | Maintains | Neutral | Get Alert |
| 07/18/2023 | Buy Now | -0.39% | Citigroup | Timothy Thein | $265 → $290 | Maintains | Buy | Get Alert |
| 07/17/2023 | Buy Now | -0.39% | Citigroup | Timothy Thein | $265 → $290 | Maintains | Buy | Get Alert |
| 05/31/2023 | Buy Now | -19.29% | UBS | Joseph Parkhill | $260 → $235 | Maintains | Neutral | Get Alert |
| 05/11/2023 | Buy Now | -8.98% | Citigroup | Timothy Thein | $270 → $265 | Maintains | Buy | Get Alert |
| 05/09/2023 | Buy Now | -18.94% | Evercore ISI Group | David Raso | $266 → $236 | Downgrade | Outperform → In-Line | Get Alert |
| 05/03/2023 | Buy Now | -8.64% | Morgan Stanley | Dillon Cumming | $262 → $266 | Maintains | Equal-Weight | Get Alert |
| 05/03/2023 | Buy Now | -0.39% | Credit Suisse | Jamie Cook | $291 → $290 | Maintains | Outperform | Get Alert |
| 05/03/2023 | Buy Now | -7.26% | CFRA | Stewart Glickman | $282 → $270 | Downgrade | Strong Buy → Buy | Get Alert |
| 04/12/2023 | Buy Now | -22.03% | Deutsche Bank | Nicole Deblase | $231 → $227 | Maintains | Hold | Get Alert |
| 02/16/2023 | Buy Now | -10.7% | UBS | Joseph Parkhill | $247 → $260 | Maintains | Neutral | Get Alert |
| 02/07/2023 | Buy Now | -20.66% | Deutsche Bank | Nicole Deblase | $235 → $231 | Maintains | Hold | Get Alert |
| 02/07/2023 | Buy Now | -0.05% | Credit Suisse | Jamie Cook | $287 → $291 | Maintains | Outperform | Get Alert |
| 01/20/2023 | Buy Now | -10.01% | Morgan Stanley | Dillon Cumming | $264 → $262 | Maintains | Equal-Weight | Get Alert |
| 12/14/2022 | Buy Now | -9.33% | Morgan Stanley | Dillon Cumming | $222 → $264 | Maintains | Equal-Weight | Get Alert |
| 11/04/2022 | Buy Now | 4.41% | Credit Suisse | Jamie Cook | $266 → $304 | Maintains | Outperform | Get Alert |
| 10/13/2022 | Buy Now | -22.72% | Deutsche Bank | Nicole Deblase | $221 → $225 | Maintains | Hold | Get Alert |
| 08/16/2022 | Buy Now | -8.98% | Citigroup | Timothy Thein | $220 → $265 | Maintains | Buy | Get Alert |
| 08/03/2022 | Buy Now | -8.64% | Credit Suisse | Jamie Cook | $249 → $266 | Maintains | Outperform | Get Alert |
| 07/20/2022 | Buy Now | -34.74% | Bernstein | Chad Dillard | $238 → $190 | Downgrade | Outperform → Market Perform | Get Alert |
| 07/18/2022 | Buy Now | -35.77% | Morgan Stanley | Dillon Cumming | — | Maintains | Equal-Weight | Get Alert |
| 07/13/2022 | Buy Now | -25.81% | Deutsche Bank | Nicole Deblase | $232 → $216 | Maintains | Hold | Get Alert |
| 06/23/2022 | Buy Now | -29.59% | Morgan Stanley | Dillon Cumming | → $205 | Initiates | → Equal-Weight | Get Alert |
| 05/04/2022 | Buy Now | -7.26% | Credit Suisse | Jamie Cook | $304 → $270 | Maintains | Outperform | Get Alert |
| 04/14/2022 | Buy Now | -19.97% | Deutsche Bank | Nicole Deblase | $256 → $233 | Maintains | Hold | Get Alert |
| 03/18/2022 | Buy Now | -26.5% | UBS | Steven Fisher | $260 → $214 | Downgrade | Buy → Neutral | Get Alert |
| 02/04/2022 | Buy Now | 4.41% | Credit Suisse | Jamie Cook | $301 → $304 | Maintains | Outperform | Get Alert |
| 01/18/2022 | Buy Now | -14.48% | Morgan Stanley | Courtney Yakavonis | $251 → $249 | Maintains | Equal-Weight | Get Alert |
| 12/10/2021 | Buy Now | -15.16% | Deutsche Bank | Nicole Deblase | — | Maintains | Hold | Get Alert |
| 12/09/2021 | Buy Now | -13.79% | Morgan Stanley | Courtney Yakavonis | — | Maintains | Equal-Weight | Get Alert |
| 11/03/2021 | Buy Now | -10.01% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
| 11/03/2021 | Buy Now | 4.41% | Credit Suisse | Jamie Cook | — | Maintains | Outperform | Get Alert |
| 10/13/2021 | Buy Now | -13.45% | Morgan Stanley | Courtney Yakavonis | — | Maintains | Equal-Weight | Get Alert |
| 08/25/2021 | Buy Now | -21% | Goldman Sachs | — | — | Maintains | Neutral | Get Alert |
| 08/24/2021 | Buy Now | -21% | Goldman Sachs | Jerry Revich | — | Downgrade | Buy → Neutral | Get Alert |
| 08/09/2021 | Buy Now | -9.33% | Morgan Stanley | — | — | Maintains | Equal-Weight | Get Alert |
| 08/04/2021 | Buy Now | 5.44% | Credit Suisse | Jamie Cook | — | Maintains | Outperform | Get Alert |
FAQ
What is the target price for Cummins (CMI) stock?
The latest price target for Cummins (NYSE:CMI) was reported by Truist Securities on July 2, 2024. The analyst firm set a price target for $315.00 expecting CMI to rise to within 12 months (a possible 8.19% upside). 20 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cummins (CMI)?
The latest analyst rating for Cummins (NYSE:CMI) was provided by Truist Securities, and Cummins maintained their hold rating.
When was the last upgrade for Cummins (CMI)?
The last upgrade for Cummins Inc happened on March 15, 2024 when UBS raised their price target to $321. UBS previously had a neutral for Cummins Inc.
When was the last downgrade for Cummins (CMI)?
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.
When is the next analyst rating going to be posted or updated for Cummins (CMI)?
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 July 2, 2024 so you should expect the next rating to be made available sometime around July 2, 2025.
Is the Analyst Rating Cummins (CMI) correct?
While ratings are subjective and will change, the latest Cummins (CMI) rating was a maintained with a price target of $319.00 to $315.00. The current price Cummins (CMI) is trading at is $291.15, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.