
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar has demonstrated a solid revenue growth trajectory with a 3.6% compound annual growth rate (CAGR) projected from 2015 to 2024, reaching $64.8 billion, reaffirming its position as a leading global manufacturer across multiple sectors. Recent sales metrics indicate a 7% increase in total sales to users, with particular strength in the energy and transportation segments, which saw user sales rise by 25% and 19%, respectively. Furthermore, a significant backlog increase of $2.4 billion reflects robust order activity, particularly in Power Generation and Oil & Gas, underscoring strong future demand and continued market confidence.
Bears say
Caterpillar's third quarter results revealed adjusted earnings per share of $4.95, which, despite exceeding consensus estimates, reflects a 4% year-over-year decline, indicative of broader challenges. Additionally, operating profits in both the construction and resource segments showed significant declines in margins, attributed to increased tariff costs and unfavorable pricing dynamics, raising concerns about the company's cost management in a potentially softer macroeconomic environment. Furthermore, Off-Highway Research forecasts a decline in construction equipment unit volume sales, projecting an 11% drop in North America for 2025 and a global reduction of 2%, which suggests ongoing demand weaknesses that could adversely impact revenue growth.
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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