
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar is positioned for continued revenue growth, with projections estimating a CAGR of 3.6% from 2015 to 2024, ultimately reaching $64.8 billion, supported by a strong backlog of approximately $38 billion. The Energy and Transportation segment, which has grown significantly due to demand from the data center sector, is expected to enhance profit margins further as sales increase and operational efficiencies improve. Additionally, Caterpillar's extensive global dealer network and diversified business lines contribute to its robust market presence, reinforcing the company's optimistic outlook in the industry.
Bears say
Caterpillar's financial outlook is increasingly negative, primarily due to a significant decline in construction spending, with the latest figures reflecting a 3.4% decrease from the all-time high established in May 2024. Additionally, the company's ore grades have deteriorated over the past decade, leading to stagnant copper production despite increased processing volumes. With expectations of an 11% decline in North American construction equipment unit sales in 2025, coupled with a downward revision in global sales forecasts, there are substantial risks to revenue growth and margin performance in the near term.
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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