
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar has demonstrated strong financial performance, with total sales to users increasing by 7%, and notable revenue growth projected at a 3.6% compound annual growth rate (CAGR) from 2015 to 2024, reaching $64.8 billion. The company's backlog has also seen a significant increase of $2.4 billion, driven by robust order activity in key sectors such as Power Generation and Oil & Gas. Furthermore, strong sales performance across various segments, including a 25% rise in Energy & Transportation sales and 20% growth in sales to users for industrial applications, underscores Caterpillar's solid market position and diversified revenue streams.
Bears say
Caterpillar reported a year-over-year decline of 4% in adjusted earnings per share for the third quarter of 2025, coupled with a significant operating profit drop within its construction and resource segments, attributed to rising tariff costs and unfavorable pricing. Additionally, forecasted sales trends indicate a concerning trajectory, with expected declines of 11% in North American construction equipment unit sales for 2025, alongside a global decline of 2%, reflecting a slowdown in demand. The overall operating margins for both construction and resource segments also showed considerable decreases, raising concerns over the company's ability to maintain profitability in a challenging market environment.
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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