
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar's total sales to users increased by 7%, with a notable backlog surge of $2.4 billion attributed to strong order activity in Power Generation and Oil & Gas sectors. The firm reported a 20% rise in industrial sales to users, driven by electric power applications, while transportation sales surged by 19%, fueled by international locomotive deliveries. Remarkably, Caterpillar exceeded its 2030 target for reman revenue growth, achieving a 42% increase in 2024, underscoring its strong market presence and operational effectiveness.
Bears say
Caterpillar reported a decline in third-quarter adjusted earnings per share, falling 4% year-over-year, despite exceeding consensus estimates, highlighting a potential ongoing weakness in profitability. The company's operating margins have decreased significantly across both construction and resource segments due to increased tariff costs and unfavorable price realizations, with the overall operating margin dropping by three points to 20.4%. Furthermore, negative price realization totaling $191 million and a lower-than-expected sales performance in Latin America raise concerns over market competitiveness and potential erosion of market share.
This aggregate rating is based on analysts' research of Caterpillar and is not a guaranteed prediction by Public.com or investment advice.
Caterpillar (CAT) Analyst Forecast & Price Prediction
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