CMI Price Prediction Next Week
Stock Price Prediction and Recommendation for Cummins Inc. (CMI)
News and Fundamental Analysis:
Cummins Inc. (CMI) has shown resilience in its recent earnings reports, with a focus on margin expansion and growth in key segments such as Power Systems and Accelera. The company's dividend yield of 2.02% and consistent dividend growth over the past 15 years highlight its commitment to returning value to shareholders. Recent analyst upgrades and positive outlooks from firms like Morgan Stanley further support the stock's potential.
Technical Analysis:
The stock is currently trading near its lower Bollinger Band, suggesting potential undervaluation. The Relative Strength Index (RSI) at 35.42 indicates the stock may be oversold, presenting a buying opportunity. However, the MACD remains bearish, signaling caution.
Fibonacci Levels:
- Resistance Levels: 369.33, 378.76
- Support Levels: 329.38, 314.12
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to rebound in the short term, targeting the resistance level of 369.33.
Predicted Price for Next Trading Week: $355.00
Recommendation: Buy with a target of 369.33 and a stop-loss at 329.38.
CMI Similar Chart Price Prediction
The price of CMI is predicted to go up -4.04%, based on the high correlation periods with OSIS. The similarity of these two price pattern on the periods is 93.21%.
CMI
OSIS
Down: -4.04%Similarity: 93.21%
CMI Revenue Forecast
CMI EPS Forecast
CMI FAQs
What is CMI revenue forecast for next quarter？
What is CMI eps forecast for next quarter？
CMI VS S&P500
Strong freight demand in the truck market should lead to more new truck orders, substantially boosting Cummins' revenue growth.
Cummins will benefit from increasing emissions regulation, pushing customers to buy emissions solutions, such as aftertreatment systems that turn engine pollutants into harmless emissions.
Increasing emission standards could push peers to rethink whether it's economically viable to continue manufacturing engines and components, benefiting Cummins.
CMI Analyst's Forecast
Jamie Cook
Truist Securities
Hold
2025-01-16
Price Target
$424 → $425
Upside
+16.03%
Truist raised the firm's price target on Cummins to $425 from $424 and keeps a Hold rating on the shares as part of a broader research note previewing Q4 results for Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology names. The firm notes that estimates for the sector are largely intact and Truist believes that consensus estimates for 2025 are reasonable, adding that the management outlooks will be cautiously optimistic with short cycle industrial destock over and organic growth improving as the year progresses, the analyst tells investors in a research note. In Machinery, there are still pockets of excess channel inventory like farm and construction equipment, while Infrastructure Services names will continue to benefit from secular growth tied to power generation, data centers, and broad-based infrastructure, the firm added.
Kyle Menges
Citigroup
Strong Buy
2025-01-14
Price Target
$435 → $430
Upside
+18.05%
Michael Feniger
B of A Securities
Sell → Hold
2025-01-14
Price Target
$354 → $358
Downside
-1.72%
