
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar has demonstrated consistent revenue growth, with a projected compound annual growth rate (CAGR) of 3.6% between 2015 and 2024, reaching an expected $64.8 billion. The company's substantial backlog, which increased by $2.4 billion due to strong order activity in Power Generation and Oil & Gas, provides above-average visibility for future sales and operational performance. Additionally, positive sales trends across various segments, including a notable 25% increase in Energy & Transportation sales, indicate robust demand and opportunities for further margin expansion as capacity and operational efficiencies improve.
Bears say
Caterpillar's third-quarter results for 2025 showed adjusted earnings per share of $4.95, reflecting a 4% year-over-year decline, despite exceeding consensus estimates. The company's operating profits and margins were negatively impacted by rising tariff costs and unfavorable pricing, with the construction sector experiencing a continuous decline over five quarters in Europe, Africa, and the Middle East. Looking ahead, Off-Highway Research predicts a significant decline in unit volume sales for construction equipment in North America, with a projected drop of 11% in 2025, signalling concerns over future revenue growth in a potentially slowing macroeconomic environment.
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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