$292.70
0[0.00%]
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Cummins Stock (NYSE:CMI), Analyst Ratings, Price Targets, Predictions
Cummins Inc has a consensus price target of $263.15, established from looking at the 55 latest analyst ratings. The last 3 analyst ratings were released from Goldman Sachs, JP Morgan, and UBS on April 16, 2024, March 25, 2024, and March 15, 2024. With an average price target of $300.67 between Goldman Sachs, JP Morgan, and UBS, there's an implied 2.72% upside for Cummins Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
JP Morgan
UBS
Truist Securities
Evercore ISI Group
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Cummins
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/16/2024 | CMI | Buy Now | Cummins | $292.70 | 4.54% | Goldman Sachs | Jerry Revich | $270 → $306 | Maintains | Neutral | Get Alert |
| 03/25/2024 | CMI | Buy Now | Cummins | $292.70 | -6.05% | JP Morgan | Tami Zakaria | $245 → $275 | Maintains | Underweight | Get Alert |
| 03/15/2024 | CMI | Buy Now | Cummins | $292.70 | 9.67% | UBS | Steven Fisher | $254 → $321 | Upgrade | Neutral → Buy | Get Alert |
| 03/14/2024 | CMI | Buy Now | Cummins | $292.70 | 3.52% | Truist Securities | Jamie Cook | → $303 | Initiates | → Hold | Get Alert |
| 02/20/2024 | CMI | Buy Now | Cummins | $292.70 | -16.64% | Evercore ISI Group | David Raso | $231 → $244 | Maintains | In-Line | Get Alert |
| 02/12/2024 | CMI | Buy Now | Cummins | $292.70 | -2.63% | Citigroup | Timothy Thein | $265 → $285 | Maintains | Buy | Get Alert |
| 01/19/2024 | CMI | Buy Now | Cummins | $292.70 | -23.13% | B of A Securities | Ross Gilardi | $243 → $225 | Downgrade | Neutral → Underperform | Get Alert |
| 01/18/2024 | CMI | Buy Now | Cummins | $292.70 | -16.3% | JP Morgan | Tami Zakaria | $255 → $245 | Maintains | Underweight | Get Alert |
| 01/08/2024 | CMI | Buy Now | Cummins | $292.70 | -5.02% | Morgan Stanley | Angel Castillo | → $278 | Initiates | → Overweight | Get Alert |
| 12/15/2023 | CMI | Buy Now | Cummins | $292.70 | -16.98% | B of A Securities | Ross Gilardi | → $243 | Downgrade | Buy → Neutral | Get Alert |
| 10/16/2023 | CMI | Buy Now | Cummins | $292.70 | -12.88% | JP Morgan | Ann Duignan | $270 → $255 | Downgrade | Neutral → Underweight | Get Alert |
| 08/04/2023 | CMI | Buy Now | Cummins | $292.70 | -1.61% | Credit Suisse | Jamie Cook | $290 → $288 | Maintains | Outperform | Get Alert |
| 08/04/2023 | CMI | Buy Now | Cummins | $292.70 | -7.76% | Goldman Sachs | Jerry Revich | $241 → $270 | Maintains | Neutral | Get Alert |
| 07/18/2023 | CMI | Buy Now | Cummins | $292.70 | -0.92% | Citigroup | Timothy Thein | $265 → $290 | Maintains | Buy | Get Alert |
| 07/17/2023 | CMI | Buy Now | Cummins | $292.70 | -0.92% | Citigroup | Timothy Thein | $265 → $290 | Maintains | Buy | Get Alert |
| 05/31/2023 | CMI | Buy Now | Cummins | $292.70 | -19.71% | UBS | Joseph Parkhill | $260 → $235 | Maintains | Neutral | Get Alert |
| 05/11/2023 | CMI | Buy Now | Cummins | $292.70 | -9.46% | Citigroup | Timothy Thein | $270 → $265 | Maintains | Buy | Get Alert |
| 05/09/2023 | CMI | Buy Now | Cummins | $292.70 | -19.37% | Evercore ISI Group | David Raso | $266 → $236 | Downgrade | Outperform → In-Line | Get Alert |
| 05/03/2023 | CMI | Buy Now | Cummins | $292.70 | -9.12% | Morgan Stanley | Dillon Cumming | $262 → $266 | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Cummins (CMI)?
The latest price target for Cummins (NYSE: CMI) was reported by Goldman Sachs on April 16, 2024. The analyst firm set a price target for $306.00 expecting CMI to rise to within 12 months (a possible 4.54% upside). 21 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cummins (CMI)?
The latest analyst rating for Cummins (NYSE: CMI) was provided by Goldman Sachs, and Cummins maintained their neutral rating.
When was the last upgrade for Cummins (CMI)?
The last upgrade for Cummins Inc happened on March 15, 2024 when UBS raised their price target to $321. UBS previously had a neutral for Cummins Inc.
When was the last downgrade for Cummins (CMI)?
The last downgrade for Cummins Inc happened on January 19, 2024 when B of A Securities changed their price target from $243 to $225 for Cummins Inc.
When is the next analyst rating going to be posted or updated for Cummins (CMI)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cummins, 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 Cummins was filed on April 16, 2024 so you should expect the next rating to be made available sometime around April 16, 2025.
Is the Analyst Rating Cummins (CMI) correct?
While ratings are subjective and will change, the latest Cummins (CMI) rating was a maintained with a price target of $270.00 to $306.00. The current price Cummins (CMI) is trading at is $292.70, which is within the analyst’s predicted range.
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