
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar's revenue has shown a consistent growth trajectory with a 3.6% compound annual growth rate (CAGR) projected to reach $64.8 billion by 2024, underscoring its position as the leading global manufacturer in its field. Total sales to users increased by 7%, with notable strength in the Energy and Transportation segments, where sales to users climbed by 25% and 19%, respectively. Additionally, the backlog saw a significant rise of $2.4 billion, fueled by strong order activity in the Power Generation and Oil & Gas sectors, indicating robust demand for Caterpillar's offerings.
Bears say
Caterpillar reported third quarter adjusted earnings per share of $4.95, reflecting a 4% year-over-year decrease despite exceeding consensus estimates. The company faced significant operating profit declines in both its construction and resource segments, primarily due to tariff costs and unfavorable pricing pressures, with overall margins decreasing by 3 percentage points and 430 basis points, respectively. Furthermore, Off-Highway Research projects a continued decline in construction equipment unit volumes, predicting an 11% drop in North America for 2025, amidst expectations of softer demand which may further adversely impact revenues and margins.
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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