
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar's total sales to users increased by 7%, with notable year-over-year growth volumes at 9%, despite facing negative price realization of 4.1%. Revenue has experienced a compound annual growth rate (CAGR) of 3.6% from 2015 to 2024, reaching approximately $64.8 billion, establishing the company as a leader in its sector. Additionally, the backlog saw a significant increase of $2.4 billion, reflecting strong order activity in key areas such as Power Generation and Oil & Gas, indicating a positive trend in future sales potential.
Bears say
Caterpillar reported third-quarter adjusted earnings per share of $4.95, a decrease of 4% year-over-year, reflecting pressures from tariff costs and unfavorable pricing, despite exceeding consensus estimates. The operating profit for the construction segment was $1.377 billion, with a 20.4% operating margin, down three points year-over-year, indicating persistent challenges in cost management and declining ore grades, which have impacted overall production efficiency. Furthermore, projections for construction equipment unit volume sales suggest an anticipated decline of 11% in North America for 2025, alongside a stagnant global growth outlook, raising concerns about revenue growth amidst potential macroeconomic slowdowns.
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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