
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar (CAT) demonstrates strong financial visibility, bolstered by a significant backlog that increased by $5 billion sequentially and $7.1 billion year-over-year, showcasing robust demand for its products. The Energy & Transportation segment exhibits strong margins, with potential for further margin enhancement predicted in 2026 due to sales acceleration linked to incremental capacity coming online and improving operational efficiencies. Additionally, the company's ability to realize favorable pricing dynamics, complemented by growth in parts and aftermarket services, reinforces its positive outlook in a competitive market landscape.
Bears say
Caterpillar is facing significant challenges, particularly in the EAME region, where construction activities have experienced a decline for five consecutive quarters. Additionally, global shipments, which previously more than doubled from 2009 to 2012, have seen a drastic decrease of nearly 60% in 2013, with continued declines in subsequent years, indicating persistent market weakness. The outlook for rental capital expenditures is also troubling, as a decrease has been observed this year and is projected to persist into 2026, raising concerns about an extended downturn beyond typical cycles.
This aggregate rating is based on analysts' research of Caterpillar and is not a guaranteed prediction by Public.com or investment advice.
Caterpillar (CAT) Analyst Forecast & Price Prediction
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