Caterpillar Forecast, price target & analysts
Caterpillar Target price 2025 - Analyst rating & recommendation
Caterpillar Classifications & Recommendation:
Caterpillar Price Target
| Target Price | $436.05 |
| Price | $419.04 |
| Potential | 4.06% |
| Number of Estimates | 26 |
| 26 Analysts have issued a price target Caterpillar 2026 . The average Caterpillar target price is $436.05. This is 4.06% higher than the current stock price. The highest price target is $532.35 27.04% , the lowest is $353.50 15.64% . | |
| A rating was issued by 31 analysts: 16 Analysts recommend Caterpillar to buy, 15 to hold and 0 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 4.06% . 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 $65.1b . This is 3.07% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $69.7b 10.36% , the lowest is $60.5b 4.25% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $64.8b | 3.36% |
|---|---|---|
| 2025 | $65.1b | 0.41% |
| 2026 | $68.8b | 5.73% |
| 2027 | $72.5b | 5.40% |
| 2028 | $79.5b | 9.55% |
| 2029 | $84.0b | 5.70% |
21 Analysts have issued an Caterpillar EBITDA forecast 2025. The average Caterpillar EBITDA estimate is $13.6b . This is 9.80% lower than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $15.3b 2.02% , the lowest is $12.2b 18.87% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $16.9b | 0.30% |
|---|---|---|
| 2025 | $13.6b | 19.60% |
| 2026 | $14.5b | 7.16% |
| 2027 | $15.1b | 4.21% |
| 2028 | $20.9b | 37.68% |
| 2029 | $22.5b | 7.84% |
EBITDA Margin
| 2024 | 26.03% | 3.17% |
|---|---|---|
| 2025 | 20.84% | 19.94% |
| 2026 | 21.12% | 1.34% |
| 2027 | 20.88% | 1.14% |
| 2028 | 26.25% | 25.72% |
| 2029 | 26.78% | 2.02% |
30 Caterpillar Analysts have issued a net profit forecast 2025. The average Caterpillar net profit estimate is $8.7b . This is 7.98% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $9.8b 3.35% , the lowest is $8.1b 14.53% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $10.8b | 4.42% |
|---|---|---|
| 2025 | $8.7b | 19.53% |
| 2026 | $10.1b | 16.85% |
| 2027 | $11.5b | 12.97% |
| 2028 | $15.3b | 33.06% |
| 2029 | $16.8b | 9.90% |
Net Margin
| 2024 | 16.65% | 8.05% |
|---|---|---|
| 2025 | 13.34% | 19.89% |
| 2026 | 14.75% | 10.57% |
| 2027 | 15.81% | 7.19% |
| 2028 | 19.20% | 21.44% |
| 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 $18.46 . This is 7.75% lower than earnings per share in the financial year 2024. The highest EPS forecast is $20.74 3.65% , the lowest is $17.15 14.29% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $22.05 | 9.59% |
|---|---|---|
| 2025 | $18.46 | 16.28% |
| 2026 | $21.58 | 16.90% |
| 2027 | $24.37 | 12.93% |
| 2028 | $32.43 | 33.07% |
| 2029 | $35.64 | 9.90% |
P/E ratio
| Current | 20.94 | 35.12% |
|---|---|---|
| 2025 | 22.70 | 8.40% |
| 2026 | 19.42 | 14.45% |
| 2027 | 17.19 | 11.48% |
| 2028 | 12.92 | 24.84% |
| 2029 | 11.76 | 8.98% |
Based on analysts' sales estimates for 2025, the Caterpillar stock is valued at an EV/Sales of 3.56 and an P/S ratio of 3.02 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 3.67 | 20.72% |
|---|---|---|
| 2025 | 3.56 | 3.02% |
| 2026 | 3.37 | 5.43% |
| 2027 | 3.19 | 5.13% |
| 2028 | 2.92 | 8.71% |
| 2029 | 2.76 | 5.40% |
P/S ratio
| Current | 3.11 | 22.14% |
|---|---|---|
| 2025 | 3.02 | 2.98% |
| 2026 | 2.85 | 5.42% |
| 2027 | 2.71 | 5.13% |
| 2028 | 2.47 | 8.72% |
| 2029 | 2.34 | 5.40% |
Current Caterpillar Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Evercore ISI Group |
In-Line
➜
Outperform
|
Upgrade | Aug 19 2025 |
| Morgan Stanley |
Equal-Weight
➜
Underweight
|
Downgrade | Aug 07 2025 |
| Barclays |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Aug 06 2025 |
| B of A Securities |
Buy
➜
Buy
|
Unchanged | Aug 06 2025 |
| JP Morgan |
Overweight
➜
Overweight
|
Unchanged | Aug 06 2025 |
| Citigroup |
Buy
➜
Buy
|
Unchanged | Aug 06 2025 |
| Truist Securities |
Buy
➜
Buy
|
Unchanged | Aug 06 2025 |
| Analyst Rating | Date |
|---|---|
|
Upgrade
Evercore ISI Group:
In-Line
➜
Outperform
|
Aug 19 2025 |
|
Downgrade
Morgan Stanley:
Equal-Weight
➜
Underweight
|
Aug 07 2025 |
|
Unchanged
Barclays:
Equal-Weight
➜
Equal-Weight
|
Aug 06 2025 |
|
Unchanged
B of A Securities:
Buy
➜
Buy
|
Aug 06 2025 |
|
Unchanged
JP Morgan:
Overweight
➜
Overweight
|
Aug 06 2025 |
|
Unchanged
Citigroup:
Buy
➜
Buy
|
Aug 06 2025 |
|
Unchanged
Truist Securities:
Buy
➜
Buy
|
Aug 06 2025 |
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