CAT Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

17.81B

+9.83%

4.645

-9.64%

15.72B

+10.32%

4.396

+3.45%

17.97B

+8.43%

5.496

+16.44%

Estimates Revision

The market is revising Upward the revenue expectations for Caterpillar Inc. (CAT) for FY2025, with the revenue forecasts being adjusted by 2.46% over the past three months. During the same period, the stock price has changed by 35.99%.

Revenue Estimates for FY2025

Revise Upward

+2.46%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+4.21%

In Past 3 Month

Stock Price

Go Up

+35.99%

In Past 3 Month

18 Analyst Rating

Wall Street analysts forecast CAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAT is 600.80 USD with a low forecast of 380.00 USD and a high forecast of 730.00 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 Buy

6 Hold

1 Sell

Moderate Buy

Current: 592.820

Low

380.00

Averages

600.80

High

730.00

Current: 592.820

Low

380.00

Averages

600.80

High

730.00

Citi

Buy

maintain

$670 -> $690

2025-12-11

New

Reason

Citi

Price Target

$670 -> $690

2025-12-11

New

maintain

Buy

Reason

Citi raised the firm's price target on Caterpillar to $690 from $670 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.

Morgan Stanley

Equal Weight

maintain

$136 -> $147

2025-12-10

New

Reason

Morgan Stanley

Price Target

$136 -> $147

2025-12-10

New

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Oshkosh (OSK) to $147 from $136 and keeps an Equal Weight rating on the shares. Troughing US non-residential construction spending in 2026 "might only be good for some construction stocks," contends the analyst, who would be buyers of Terex (TEX), sees "reasons to remain optimistic" on CRH Plc (CRH), Martin Marietta (MLM) and United Rentals (URI), and continues to expect shares of Caterpillar (CAT) to underperform the group.

Morgan Stanley

Angel Castillo

maintain

$131 -> $140

2025-12-10

New

Reason

Morgan Stanley

Angel Castillo

Price Target

$131 -> $140

2025-12-10

New

maintain

Reason

Morgan Stanley analyst Angel Castillo raised the firm's price target on CRH Plc (CRH) to $140 from $131 and keeps an Overweight rating on the shares. Troughing US non-residential construction spending in 2026 "might only be good for some construction stocks," contends the analyst, who would be buyers of Terex (TEX), sees "reasons to remain optimistic" on CRH, Martin Marietta (MLM) and United Rentals (URI), and continues to expect shares of Caterpillar (CAT) to underperform the group.

Morgan Stanley

Underweight

maintain

$380 -> $395

2025-12-10

New

Reason

Morgan Stanley

Price Target

$380 -> $395

2025-12-10

New

maintain

Underweight

Reason

Morgan Stanley raised the firm's price target on Caterpillar (CAT) to $395 from $380 and keeps an Underweight rating on the shares. Troughing US non-residential construction spending in 2026 "might only be good for some construction stocks," contends the analyst, who would be buyers of Terex (TEX), sees "reasons to remain optimistic" on CRH Plc (CRH), Martin Marietta (MLM) and United Rentals (URI), and continues to expect shares of Caterpillar to underperform the group on the view that the stock is "already priced for perfection."

Wells Fargo

Overweight

initiated

$675

2025-11-13

Reason

Wells Fargo

Price Target

$675

2025-11-13

initiated

Overweight

Reason

Wells Fargo initiated coverage of Caterpillar with an Overweight rating and $675 price target. The firm sees Caterpillar as well positioned to benefit from the construction machinery pricing cycle and rising data center specifications towards turbines. The company should benefit from hyperscalers diversifying their grid reliance to turbines, the analyst tells investors in a research note.

HSBC

Hold -> Buy

upgrade

$405 -> $660

2025-11-06

Reason

HSBC

Price Target

$405 -> $660

2025-11-06

upgrade

Hold -> Buy

Reason

HSBC last night upgraded Caterpillar to Buy from Hold with a price target of $660, up from $405. The company's Q3 results results beat on a volume increase and its order growth accelerated to 25% year-over-year on strong power generation, the analyst tells investors in a research note. The firm says Caterpillar's stronger power generation orders, its turbines expanding into data centers, and the announced capacity investment plans warrant an upgrade of the shares. HSBC now sees higher growth potential with a strong backlog for Caterpillar.

Valuation Metrics

The current forward P/E ratio for Caterpillar Inc (CAT.N) is 29.04, compared to its 5-year average forward P/E of 16.94. For a more detailed relative valuation and DCF analysis to assess Caterpillar Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

16.94

Current PE

29.04

Overvalued PE

20.89

Undervalued PE

13.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

13.83

Current EV/EBITDA

21.25

Overvalued EV/EBITDA

16.23

Undervalued EV/EBITDA

11.44

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

2.29

Current PS

3.99

Overvalued PS

2.80

Undervalued PS

1.79

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

CAT News & Events

Events Timeline

No data

News

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Frequently Asked Questions

What is Caterpillar Inc (CAT) stock price today?

The current price of CAT is 592.82 USD — it has decreased -0.85 % in the last trading day.

What is Caterpillar Inc (CAT)'s business?

Caterpillar Inc. is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its various segments, namely Construction Industries, Resource Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment. The Construction Industries segment is primarily responsible for supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment develops and manufactures high productivity equipment for both surface and underground mining operations, as well as provide hydraulic systems, electronics and software for its machines and engines. The Energy & Transportation segment offers product and services that includes reciprocating engines, generator sets, integrated systems and solutions, turbines and turbine-related services.

What is the price predicton of CAT Stock?

What is Caterpillar Inc (CAT)'s revenue for the last quarter?

Caterpillar Inc revenue for the last quarter amounts to 17.64B USD, increased 9.51 % YoY.

What is Caterpillar Inc (CAT)'s earnings per share (EPS) for the last quarter?

Caterpillar Inc. EPS for the last quarter amounts to 4.89 USD, decreased -3.36 % YoY.

What changes have occurred in the market's expectations for Caterpillar Inc (CAT)'s fundamentals?

How many employees does Caterpillar Inc (CAT). have?

Caterpillar Inc (CAT) has 112900 emplpoyees as of December 15 2025.

What is Caterpillar Inc (CAT) market cap?

Today CAT has the market capitalization of 279.80B USD.