
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 a notable 9% growth in volumes year-over-year. The company's revenue is projected to continue growing at a 3.6% compound annual growth rate (CAGR) from 2015 to 2024, reaching $64.8 billion, showcasing its position as a leading global manufacturer across multiple sectors. Furthermore, a sequential increase in backlog by $2.4 billion indicates robust order activity, particularly in Power Generation and Oil & Gas, which underscores positive future revenue potential.
Bears say
Caterpillar reported a third-quarter adjusted earnings per share of $4.95, reflecting a 4% year-over-year decline while surpassing consensus expectations, indicating potential challenges in sustaining growth. Operating profits for both the construction and resource segments showed declines due to tariff costs and unfavorable pricing pressures, with margins experiencing significant reductions compared to the previous year. Additionally, external forecasts predict a concerning 11% decline in North American construction equipment unit sales in 2025, raising concerns about the company's ability to maintain revenue levels amid a potentially softer macroeconomic 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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