The latest price target for Caterpillar (NYSE:CAT) was reported by Argus Research on May 5, 2026. The analyst firm set a price target for $990.00 expecting CAT to rise to within 12 months (a possible 6.02% upside). 80 analyst firms have reported ratings in the last year.

The latest analyst rating for Caterpillar (NYSE:CAT) was provided by Argus Research, and Caterpillar maintained their buy rating.

The last upgrade for Caterpillar Inc happened on May 1, 2026 when Morgan Stanley raised their price target to $915. Morgan Stanley previously had an underweight for Caterpillar Inc.

The last downgrade for Caterpillar Inc happened on August 7, 2025 when Morgan Stanley changed their price target from $283 to $350 for Caterpillar Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Caterpillar, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Caterpillar was filed on May 5, 2026 so you should expect the next rating to be made available sometime around May 5, 2027.

While ratings are subjective and will change, the latest Caterpillar (CAT) rating was a maintained with a price target of $820.00 to $990.00. The current price Caterpillar (CAT) is trading at is $933.79, which is within the analyst’s predicted range.