Caterpillar: A Bellwether for Global Economy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: NASDAQ.COM
- Growth Potential: Caterpillar achieved revenues of $67.6 billion in 2025 and expects low double-digit sales growth in 2026, reflecting strong demand in infrastructure and construction, further solidifying its market leadership.
- Innovative Technology Use: The company surpassed its 1 million connected assets target in 2019, now exceeding 1.5 million, leveraging IoT technology to enhance equipment management efficiency and customer service capabilities, thereby driving long-term business growth.
- Record Backlog: As of Q1 2026, Caterpillar's backlog reached a record $63 billion, up 79% year-over-year, providing strong visibility for future revenues and indicating sustained market demand for its products.
- Mining and Automation Expansion: Caterpillar enhanced its capabilities in data-driven mining technology through the acquisition of RPMGlobal, planning to triple the number of autonomous trucks by 2030 to meet the increasing demand for mining equipment.
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Analyst Views on CAT
Wall Street analysts forecast CAT stock price to fall
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 955.920
Low
395.00
Averages
620.54
High
730.00
Current: 955.920
Low
395.00
Averages
620.54
High
730.00
About CAT
Caterpillar Inc. is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its segments include Construction Industries, Resource Industries and Power & Energy. It also provides financing and related services through its Financial Products segment. Construction Industries segment is responsible for supporting customers using machinery in infrastructure and building construction applications. Resource Industries segment develops and manufactures high productivity equipment for both surface and underground mining operations around the world, and provides select work tools, machinery components, wear and maintenance components and related parts. Power & Energy segment supports customers in oil and gas, power generation, marine, rail and industrial applications, including Caterpillar machines. It is engaged in the provision and development of mining software solutions to the mining industry.
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.
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