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CMI
$499.32+Infinity%1D
Analyst Views on CMI
Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 508.60 USD with a low forecast of 385.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 508.60 USD with a low forecast of 385.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 514.530
Low
385.00
Averages
508.60
High
600.00
Current: 514.530
Low
385.00
Averages
508.60
High
600.00
Citi
Buy
maintain
$530 -> $580
2025-12-11
Reason
Citi
Price Target
$530 -> $580
2025-12-11
maintain
Buy
Reason
Citi raised the firm's price target on Cummins to $580 from $530 and keeps a Buy rating on the shares. The firm updated models in the machinery group as part of its 2026 outlook. Citi sees value in the space and has the most conviction in construction and mining growth entering next year. The agriculture and truck markets could remain challenged in the near-term, the analyst tells investors in a research note.
Argus
NULL -> Buy
upgrade
$459 -> $573
2025-11-25
Reason
Argus
Price Target
$459 -> $573
2025-11-25
upgrade
NULL -> Buy
Reason
Argus raised the firm's price target on Cummins to $573 from $459 and keeps a Buy rating on the shares. As one of the largest independent diesel engine manufacturers that is also known for its high quality, fuel-efficient products, the company to benefit from the high cost of refined and distillate fuel relative to natural gas, as well as from stricter growing environmental rules in the U.S. and overseas, the analyst tells investors in a research note. With the recently enacted tariff and trade legislation, Cummins has a long history of successfully navigating through difficult economic conditions, which could emerge because of this legislation, the firm added.
UBS
Sell -> Neutral
upgrade
$350 -> $500
2025-11-25
Reason
UBS
Price Target
$350 -> $500
2025-11-25
upgrade
Sell -> Neutral
Reason
UBS upgraded Cummins to Neutral from Sell with a price target of $500, up from $350. The truck cycle is bottoming in 2026 and the stock's risk/reward is now more balanced, the analyst tells investors in a research note. UBS still sees downside risk to consensus estimates for Cummins' engine and components units in the first half of 2026, but it thinks this could be offset by further upside in power generation.
Truist
Hold
to
Buy
upgrade
$522 -> $628
2025-11-24
Reason
Truist
Price Target
$522 -> $628
2025-11-24
upgrade
Hold
to
Buy
Reason
Truist upgraded Cummins to Buy from Hold with a price target of $628, up from $522. After hosting meetings with Cummins' executive management team, the firm says it believes Cummins "offers the best of both worlds" with a core business in Commercial Vehicles that is at a cyclical bottom, and earnings power further accelerated by secular tailwinds in Power Systems.
About CMI
Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
