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Caterpillar Analyst Ratings and Price Targets | NYSE:CAT | Benzinga
Caterpillar Inc has a consensus price target of $334.38 based on the ratings of 28 analysts. The high is $475 issued by Jefferies on December 6, 2024. The low is $174 issued by Morgan Stanley on October 28, 2022. The 3 most-recent analyst ratings were released by Truist Securities, Baird, and Evercore ISI Group on June 23, 2025, June 20, 2025, and May 19, 2025, respectively. With an average price target of $403 between Truist Securities, Baird, and Evercore ISI Group, there's an implied 10.60% upside for Caterpillar Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Truist Securities
Baird
Evercore ISI Group
UBS
Citigroup
1calculated from analyst ratings
Analyst Ratings for Caterpillar
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/23/2025 | Buy Now | 13.62% | Truist Securities | Jamie Cook70% | $396 → $414 | Maintains | Buy | Get Alert |
| 06/20/2025 | Buy Now | 15.82% | Baird | Mircea Dobre76% | $395 → $422 | Maintains | Outperform | Get Alert |
| 05/19/2025 | Buy Now | 2.37% | Evercore ISI Group | David Raso65% | $375 → $373 | Maintains | In-Line | Get Alert |
| 05/16/2025 | Buy Now | -2.02% | UBS | Steven Fisher66% | $272 → $357 | Upgrade | Sell → Neutral | Get Alert |
| 05/13/2025 | Buy Now | 8.41% | Baird | Mircea Dobre76% | $309 → $395 | Upgrade | Neutral → Outperform | Get Alert |
| 05/05/2025 | Buy Now | 1.55% | Citigroup | Kyle Menges57% | $320 → $370 | Maintains | Buy | Get Alert |
| 05/05/2025 | Buy Now | -9.16% | DA Davidson | Michael Shlisky53% | $325 → $331 | Maintains | Neutral | Get Alert |
| 05/01/2025 | Buy Now | 8.68% | Truist Securities | Jamie Cook70% | $389 → $396 | Reiterates | Buy → Buy | Get Alert |
| 05/01/2025 | Buy Now | 8.41% | Oppenheimer | Kristen Owen61% | → $395 | Upgrade | Perform → Outperform | Get Alert |
| 05/01/2025 | Buy Now | -15.19% | Baird | Mircea Dobre76% | $300 → $309 | Upgrade | Underperform → Neutral | Get Alert |
| 04/21/2025 | Buy Now | -10.8% | DA Davidson | Michael Shlisky53% | $357 → $325 | Maintains | Neutral | Get Alert |
| 04/16/2025 | Buy Now | -22.33% | Morgan Stanley | Angel Castillo54% | $300 → $283 | Upgrade | Underweight → Equal-Weight | Get Alert |
| 04/14/2025 | Buy Now | 4.29% | JP Morgan | Tami Zakaria66% | $490 → $380 | Maintains | Overweight | Get Alert |
| 04/08/2025 | Buy Now | -12.17% | Citigroup | Kyle Menges57% | $430 → $320 | Maintains | Buy | Get Alert |
| 04/08/2025 | Buy Now | 6.76% | Truist Securities | Jamie Cook70% | $438 → $389 | Maintains | Buy | Get Alert |
| 04/07/2025 | Buy Now | -33.31% | UBS | Steven Fisher66% | $385 → $243 | Downgrade | Neutral → Sell | Get Alert |
| 02/19/2025 | Buy Now | 2.92% | Evercore ISI Group | David Raso65% | $365 → $375 | Maintains | In-Line | Get Alert |
| 02/04/2025 | Buy Now | -2.02% | DA Davidson | Michael Shlisky53% | $350 → $357 | Maintains | Neutral | Get Alert |
| 02/03/2025 | Buy Now | 20.21% | Truist Securities | Jamie Cook70% | $455 → $438 | Maintains | Buy | Get Alert |
| 02/03/2025 | Buy Now | 5.66% | UBS | Steven Fisher66% | $355 → $385 | Upgrade | Sell → Neutral | Get Alert |
| 01/31/2025 | Buy Now | 18.02% | Citigroup | Kyle Menges57% | $420 → $430 | Maintains | Buy | Get Alert |
| 01/31/2025 | Buy Now | 34.48% | JP Morgan | Tami Zakaria66% | $515 → $490 | Maintains | Overweight | Get Alert |
| 01/31/2025 | Buy Now | 13.62% | B of A Securities | Michael Feniger62% | $452 → $414 | Maintains | Buy | Get Alert |
| 01/31/2025 | Buy Now | -17.66% | Morgan Stanley | Angel Castillo54% | $330 → $300 | Maintains | Underweight | Get Alert |
| 01/28/2025 | Buy Now | -2.57% | UBS | Steven Fisher66% | $295 → $355 | Maintains | Sell | Get Alert |
| 01/16/2025 | Buy Now | 24.88% | Truist Securities | Jamie Cook70% | $471 → $455 | Maintains | Buy | Get Alert |
| 01/14/2025 | Buy Now | 15.27% | Citigroup | Kyle Menges57% | $460 → $420 | Maintains | Buy | Get Alert |
| 01/13/2025 | Buy Now | 0.18% | Evercore ISI Group | David Raso65% | → $365 | Upgrade | Underperform → In-Line | Get Alert |
| 12/19/2024 | Buy Now | 29.27% | Truist Securities | Jamie Cook70% | $454 → $471 | Maintains | Buy | Get Alert |
| 12/09/2024 | Buy Now | 26.25% | Citigroup | Kyle Menges57% | $435 → $460 | Maintains | Buy | Get Alert |
| 12/09/2024 | Buy Now | 41.34% | JP Morgan | Tami Zakaria66% | $500 → $515 | Maintains | Overweight | Get Alert |
| 12/06/2024 | Buy Now | 30.37% | Jefferies | Stephen Volkmann71% | $455 → $475 | Maintains | Buy | Get Alert |
| 11/13/2024 | Buy Now | 0.18% | Evercore ISI Group | David Raso65% | $321 → $365 | Downgrade | In-Line → Underperform | Get Alert |
| 11/04/2024 | Buy Now | -19.04% | UBS | Steven Fisher66% | $285 → $295 | Maintains | Sell | Get Alert |
| 10/31/2024 | Buy Now | 19.39% | Citigroup | Kyle Menges57% | $445 → $435 | Maintains | Buy | Get Alert |
| 10/31/2024 | Buy Now | -17.66% | Baird | Mircea Dobre76% | $299 → $300 | Maintains | Underperform | Get Alert |
| 10/14/2024 | Buy Now | 37.23% | JP Morgan | Tami Zakaria66% | $435 → $500 | Maintains | Overweight | Get Alert |
| 10/14/2024 | Buy Now | -8.88% | Morgan Stanley | Angel Castillo54% | $349 → $332 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 10/09/2024 | Buy Now | 22.13% | Citigroup | Kyle Menges57% | $380 → $445 | Maintains | Buy | Get Alert |
| 10/09/2024 | Buy Now | 25.15% | Truist Securities | Jamie Cook70% | $399 → $456 | Maintains | Buy | Get Alert |
| 09/30/2024 | Buy Now | 19.11% | B of A Securities | Michael Feniger62% | $376 → $434 | Maintains | Buy | Get Alert |
| 08/19/2024 | Buy Now | -11.9% | Evercore ISI Group | David Raso65% | $338 → $321 | Maintains | In-Line | Get Alert |
| 08/07/2024 | Buy Now | 3.19% | B of A Securities | Michael Feniger62% | $385 → $376 | Maintains | Buy | Get Alert |
| 08/07/2024 | Buy Now | -8.06% | Barclays | Adam Seiden51% | $315 → $335 | Maintains | Equal-Weight | Get Alert |
| 08/07/2024 | Buy Now | -21.78% | UBS | Steven Fisher66% | $270 → $285 | Maintains | Sell | Get Alert |
| 08/07/2024 | Buy Now | 9.51% | Truist Securities | Jamie Cook70% | $390 → $399 | Reiterates | Buy → Buy | Get Alert |
| 06/28/2024 | Buy Now | — | Raymond James | Tim Thein71% | — | Initiates | → Market Perform | Get Alert |
| 06/26/2024 | Buy Now | 4.29% | Citigroup | Kyle Menges57% | → $380 | Initiates | → Buy | Get Alert |
| 04/30/2024 | Buy Now | -1.2% | HSBC | Helen Fang29% | $330 → $360 | Maintains | Hold | Get Alert |
| 04/26/2024 | Buy Now | -6.69% | TD Cowen | Matt Elkott70% | $338 → $340 | Maintains | Buy | Get Alert |
| 04/26/2024 | Buy Now | -3.94% | Stifel | Stanley Elliott75% | $293 → $350 | Downgrade | Buy → Hold | Get Alert |
| 04/18/2024 | Buy Now | — | Oppenheimer | — | — | Maintains | Perform | Get Alert |
| 04/16/2024 | Buy Now | 19.39% | JP Morgan | Tami Zakaria66% | $385 → $435 | Maintains | Overweight | Get Alert |
| 04/16/2024 | Buy Now | 11.98% | Goldman Sachs | Jerry Revich51% | $357 → $408 | Maintains | Buy | Get Alert |
| 03/14/2024 | Buy Now | 7.04% | Truist Securities | Jamie Cook70% | → $390 | Initiates | → Buy | Get Alert |
| 02/20/2024 | Buy Now | -7.23% | Evercore ISI Group | David Raso65% | $321 → $338 | Downgrade | Outperform → In-Line | Get Alert |
| 02/12/2024 | Buy Now | -6.69% | Citigroup | Timothy Thein78% | $255 → $340 | Maintains | Neutral | Get Alert |
| 02/06/2024 | Buy Now | 5.66% | JP Morgan | Tami Zakaria66% | $345 → $385 | Maintains | Overweight | Get Alert |
| 02/06/2024 | Buy Now | -29.47% | Baird | Mircea Dobre76% | $210 → $257 | Maintains | Underperform | Get Alert |
| 02/06/2024 | Buy Now | -10.8% | Wells Fargo | Seth Weber59% | $290 → $325 | Maintains | Equal-Weight | Get Alert |
| 02/06/2024 | Buy Now | -2.02% | Goldman Sachs | Jerry Revich51% | $274 → $357 | Maintains | Buy | Get Alert |
| 01/08/2024 | Buy Now | -25.9% | Morgan Stanley | Angel Castillo54% | → $270 | Initiates | → Equal-Weight | Get Alert |
| 12/21/2023 | Buy Now | -32.76% | Bernstein | Chad Dillard48% | $216 → $245 | Maintains | Market Perform | Get Alert |
| 12/19/2023 | Buy Now | -19.59% | Stifel | Stanley Elliott75% | $285 → $293 | Maintains | Buy | Get Alert |
| 11/20/2023 | Buy Now | -31.39% | HSBC | Helen Fang29% | → $250 | Initiates | → Hold | Get Alert |
| 11/08/2023 | Buy Now | -19.04% | Tigress Financial | Ivan Feinseth73% | $282 → $295 | Maintains | Buy | Get Alert |
| 11/01/2023 | Buy Now | -24.8% | Goldman Sachs | Jerry Revich51% | $315 → $274 | Maintains | Buy | Get Alert |
| 10/16/2023 | Buy Now | -12.17% | JP Morgan | Tami Zakaria66% | $315 → $320 | Maintains | Overweight | Get Alert |
| 08/02/2023 | Buy Now | -17.66% | Stifel | Stanley Elliott75% | $275 → $300 | Maintains | Buy | Get Alert |
| 08/02/2023 | Buy Now | -13.55% | JP Morgan | Tami Zakaria66% | $275 → $315 | Maintains | Overweight | Get Alert |
| 08/02/2023 | Buy Now | -12.17% | TD Cowen | Matt Elkott70% | $287 → $320 | Maintains | Outperform | Get Alert |
| 08/02/2023 | Buy Now | -21.78% | Wells Fargo | Seth Weber59% | $240 → $285 | Maintains | Equal-Weight | Get Alert |
| 08/02/2023 | Buy Now | -11.35% | B of A Securities | Michael Feniger62% | $283 → $323 | Maintains | Buy | Get Alert |
| 08/02/2023 | Buy Now | -8.33% | Credit Suisse | Jamie Cook70% | $279 → $334 | Maintains | Outperform | Get Alert |
| 08/02/2023 | Buy Now | -13.55% | Goldman Sachs | Jerry Revich51% | $274 → $315 | Maintains | Buy | Get Alert |
| 08/02/2023 | Buy Now | -31.39% | Barclays | Adam Seiden51% | $225 → $250 | Maintains | Equal-Weight | Get Alert |
| 08/02/2023 | Buy Now | -35.78% | Baird | Mircea Dobre76% | $183 → $234 | Maintains | Underperform | Get Alert |
| 07/18/2023 | Buy Now | -25.9% | Citigroup | Timothy Thein78% | $240 → $270 | Maintains | Neutral | Get Alert |
| 06/22/2023 | Buy Now | -27.82% | DA Davidson | Michael Shlisky53% | → $263 | Initiates | → Neutral | Get Alert |
| 06/01/2023 | Buy Now | -22.6% | Tigress Financial | Ivan Feinseth73% | $266 → $282 | Maintains | Buy | Get Alert |
| 05/09/2023 | Buy Now | -27.82% | DA Davidson | David Raso65% | $288 → $263 | Maintains | Outperform | Get Alert |
| 05/08/2023 | Buy Now | -50.6% | Baird | Mircea Dobre76% | $185 → $180 | Maintains | Underperform | Get Alert |
| 05/01/2023 | Buy Now | -24.53% | Stifel | Stanley Elliott75% | $273 → $275 | Maintains | Buy | Get Alert |
| 04/28/2023 | Buy Now | -47.58% | Morgan Stanley | Dillon Cumming51% | $190 → $191 | Maintains | Underweight | Get Alert |
| 04/28/2023 | Buy Now | -23.43% | Credit Suisse | Jamie Cook70% | $307 → $279 | Maintains | Outperform | Get Alert |
| 04/12/2023 | Buy Now | -38.25% | Deutsche Bank | Nicole Deblase76% | $228 → $225 | Maintains | Hold | Get Alert |
| 03/27/2023 | Buy Now | -49.23% | Baird | Mircea Dobre76% | $230 → $185 | Downgrade | Neutral → Underperform | Get Alert |
| 03/10/2023 | Buy Now | -38.25% | UBS | Steven Fisher66% | $230 → $225 | Downgrade | Neutral → Sell | Get Alert |
| 02/13/2023 | Buy Now | -36.88% | Baird | Mircea Dobre76% | $290 → $230 | Downgrade | Outperform → Neutral | Get Alert |
| 02/06/2023 | Buy Now | -28.64% | Citigroup | Timothy Thein78% | $250 → $260 | Maintains | Neutral | Get Alert |
| 02/01/2023 | Buy Now | -34.13% | Wells Fargo | Seth Weber59% | $228 → $240 | Maintains | Equal-Weight | Get Alert |
| 02/01/2023 | Buy Now | -16.02% | Credit Suisse | Jamie Cook70% | $290 → $306 | Maintains | Outperform | Get Alert |
| 02/01/2023 | Buy Now | -38.25% | Barclays | Adam Seiden51% | $200 → $225 | Maintains | Equal-Weight | Get Alert |
| 01/13/2023 | Buy Now | -19.04% | B of A Securities | Joshua Shanker75% | $217 → $295 | Upgrade | Neutral → Buy | Get Alert |
| 01/10/2023 | Buy Now | -37.42% | Wells Fargo | Seth Weber59% | $218 → $228 | Maintains | Equal-Weight | Get Alert |
| 12/19/2022 | Buy Now | -25.62% | Stifel | Stanley Elliott75% | $260 → $271 | Maintains | Buy | Get Alert |
| 12/14/2022 | Buy Now | -47.85% | Morgan Stanley | Dillon Cumming51% | $174 → $190 | Maintains | Underweight | Get Alert |
| 11/09/2022 | Buy Now | -25.07% | Goldman Sachs | Jerry Revich51% | $252 → $273 | Maintains | Buy | Get Alert |
| 10/31/2022 | Buy Now | -36.88% | UBS | Steven Fisher66% | $225 → $230 | Downgrade | Buy → Neutral | Get Alert |
| 10/28/2022 | Buy Now | -52.25% | Morgan Stanley | Courtney Yakavonis58% | $143 → $174 | Maintains | Underweight | Get Alert |
FAQ
What is the target price for Caterpillar (CAT) stock?
The latest price target for Caterpillar (NYSE:CAT) was reported by Truist Securities on June 23, 2025. The analyst firm set a price target for $414.00 expecting CAT to rise to within 12 months (a possible 13.62% upside). 48 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Caterpillar (CAT)?
The latest analyst rating for Caterpillar (NYSE:CAT) was provided by Truist Securities, and Caterpillar maintained their buy rating.
When was the last upgrade for Caterpillar (CAT)?
The last upgrade for Caterpillar Inc happened on May 16, 2025 when UBS raised their price target to $357. UBS previously had a sell for Caterpillar Inc.
When was the last downgrade for Caterpillar (CAT)?
The last downgrade for Caterpillar Inc happened on April 7, 2025 when UBS changed their price target from $385 to $243 for Caterpillar Inc.
When is the next analyst rating going to be posted or updated for Caterpillar (CAT)?
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 June 23, 2025 so you should expect the next rating to be made available sometime around June 23, 2026.
Is the Analyst Rating Caterpillar (CAT) correct?
While ratings are subjective and will change, the latest Caterpillar (CAT) rating was a maintained with a price target of $396.00 to $414.00. The current price Caterpillar (CAT) is trading at is $364.36, which is out of the analyst’s predicted range.
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