
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar's total sales to users increased by 7%, aligning with management expectations, and the company experienced a 3.6% compound annual growth rate (CAGR) in revenue from 2015 to 2024, reaching $64.8 billion. Strong demand is evidenced by a notable increase in backlog, which grew by $2.4 billion, particularly in the Power Generation and Oil & Gas sectors. Furthermore, significant sales growth was observed across multiple segments, including a 25% increase in energy and transportation sales to users, indicating robust order activity and a positive market outlook for Caterpillar's diversified portfolio.
Bears say
Caterpillar's third-quarter results revealed a 4% year-over-year decline in adjusted earnings per share to $4.95, indicating a challenging financial environment despite beating consensus estimates. Operating profits and margins in both construction and resource segments were adversely affected by tariff costs and unfavorable pricing, with notable reductions of 3 and 4.3 percentage points year-over-year, respectively. Furthermore, projections from Off-Highway Research suggest a significant decline in construction equipment unit volume sales, anticipating an 11% drop in North America for 2025, which underscores the risks associated with softer demand stemming from a potential macroeconomic slowdown.
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
Start investing in Caterpillar (CAT)
Order type
Buy in
Order amount
Est. shares
0 shares