Caterpillar Forecast, price target & analysts
Caterpillar Target price 2025 - Analyst rating & recommendation
Caterpillar Classifications & Recommendation:
Caterpillar Price Target
| Target Price | $454.17 |
| Price | $500.36 |
| Deviation | 9.23% |
| Number of Estimates | 26 |
| 26 Analysts have issued a price target Caterpillar 2026 . The average Caterpillar target price is $454.17. This is 9.23% lower than the current stock price. The highest price target is $567.00 13.32% , the lowest is $353.50 29.35% . | |
| A rating was issued by 32 analysts: 17 Analysts recommend Caterpillar to buy, 14 to hold and 1 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Caterpillar stock has an average upside potential 2026 of 9.23% . Most analysts recommend the Caterpillar stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2029
27 Analysts have issued a sales forecast Caterpillar 2025 . The average Caterpillar sales estimate is $64.7b . This is 2.52% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $68.7b 8.78% , the lowest is $60.5b 4.25% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $64.8b | 3.36% |
|---|---|---|
| 2025 | $64.7b | 0.12% |
| 2026 | $68.8b | 6.30% |
| 2027 | $72.4b | 5.16% |
| 2028 | $79.5b | 9.81% |
| 2029 | $84.0b | 5.70% |
22 Analysts have issued an Caterpillar EBITDA forecast 2025. The average Caterpillar EBITDA estimate is $13.0b . This is 13.84% lower than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $15.2b 0.96% , the lowest is $11.2b 25.48% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $16.9b | 0.30% |
|---|---|---|
| 2025 | $13.0b | 23.20% |
| 2026 | $14.6b | 12.33% |
| 2027 | $16.0b | 10.19% |
| 2028 | $20.9b | 30.05% |
| 2029 | $22.5b | 7.84% |
EBITDA Margin
| 2024 | 26.03% | 3.17% |
|---|---|---|
| 2025 | 20.02% | 23.09% |
| 2026 | 21.15% | 5.64% |
| 2027 | 22.16% | 4.78% |
| 2028 | 26.25% | 18.46% |
| 2029 | 26.78% | 2.02% |
30 Caterpillar Analysts have issued a net profit forecast 2025. The average Caterpillar net profit estimate is $8.5b . This is 9.97% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $9.2b 2.42% , the lowest is $7.9b 16.34% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $10.8b | 4.42% |
|---|---|---|
| 2025 | $8.5b | 21.27% |
| 2026 | $10.0b | 17.68% |
| 2027 | $11.4b | 14.26% |
| 2028 | $15.3b | 33.51% |
| 2029 | $16.8b | 9.90% |
Net Margin
| 2024 | 16.65% | 8.05% |
|---|---|---|
| 2025 | 13.13% | 21.15% |
| 2026 | 14.53% | 10.66% |
| 2027 | 15.79% | 8.67% |
| 2028 | 19.20% | 21.60% |
| 2029 | 19.96% | 3.96% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
30 Analysts have issued a Caterpillar forecast for earnings per share. The average Caterpillar EPS is $18.07 . This is 9.70% lower than earnings per share in the financial year 2024. The highest EPS forecast is $19.58 2.15% , the lowest is $16.79 16.09% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $22.05 | 9.59% |
|---|---|---|
| 2025 | $18.07 | 18.05% |
| 2026 | $21.26 | 17.65% |
| 2027 | $24.29 | 14.25% |
| 2028 | $32.43 | 33.51% |
| 2029 | $35.64 | 9.90% |
P/E ratio
| Current | 25.09 | 38.58% |
|---|---|---|
| 2025 | 27.79 | 10.75% |
| 2026 | 23.62 | 15.01% |
| 2027 | 20.67 | 12.49% |
| 2028 | 15.48 | 25.11% |
| 2029 | 14.09 | 8.98% |
Based on analysts' sales estimates for 2025, the Caterpillar stock is valued at an EV/Sales of 4.18 and an P/S ratio of 3.63 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 4.28 | 25.51% |
|---|---|---|
| 2025 | 4.18 | 2.35% |
| 2026 | 3.93 | 5.93% |
| 2027 | 3.74 | 4.90% |
| 2028 | 3.41 | 8.93% |
| 2029 | 3.22 | 5.39% |
P/S ratio
| Current | 3.73 | 27.60% |
|---|---|---|
| 2025 | 3.63 | 2.45% |
| 2026 | 3.42 | 5.93% |
| 2027 | 3.25 | 4.90% |
| 2028 | 2.96 | 8.93% |
| 2029 | 2.80 | 5.39% |
Current Caterpillar Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Citigroup |
Buy
➜
Buy
|
Unchanged | Sep 23 2025 |
| Baird |
Outperform
➜
Outperform
|
Unchanged | Sep 17 2025 |
| Oppenheimer |
Outperform
➜
Outperform
|
Unchanged | Aug 29 2025 |
| Baird |
Outperform
➜
Outperform
|
Unchanged | Aug 29 2025 |
| Evercore ISI Group |
In-Line
➜
Outperform
|
Upgrade | Aug 19 2025 |
| Morgan Stanley |
Equal-Weight
➜
Underweight
|
Downgrade | Aug 07 2025 |
| Citigroup |
Buy
➜
Buy
|
Unchanged | Aug 06 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Citigroup:
Buy
➜
Buy
|
Sep 23 2025 |
|
Unchanged
Baird:
Outperform
➜
Outperform
|
Sep 17 2025 |
|
Unchanged
Oppenheimer:
Outperform
➜
Outperform
|
Aug 29 2025 |
|
Unchanged
Baird:
Outperform
➜
Outperform
|
Aug 29 2025 |
|
Upgrade
Evercore ISI Group:
In-Line
➜
Outperform
|
Aug 19 2025 |
|
Downgrade
Morgan Stanley:
Equal-Weight
➜
Underweight
|
Aug 07 2025 |
|
Unchanged
Citigroup:
Buy
➜
Buy
|
Aug 06 2025 |
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