What is CAT stock price target for 2026?

WallStSmart's 12-month price target for Caterpillar Inc is $562.76, representing 36.8% downside from the current price of $890.11.

What is CAT stock forecast?

Caterpillar Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

CAT

Caterpillar Inc

NYSE: CAT · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY

$890.11

+9.88% today

Updated 2026-04-30

Market cap

$414.16B

P/E ratio

44.24

P/S ratio

6.13x

EPS (TTM)

$20.12

Dividend yield

—

52W range

$315 – $897

Volume

2.5M

Market cap

$414.16B

P/E ratio

44.24

P/S ratio

6.13x

EPS (TTM)

$20.12

Dividend yield

—

52W range

$315 – $897

Volume

2.5M

Caterpillar Inc (CAT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$890.11

Consensus

$714.42

-19.74%

2030 Target

$584.67

-34.31%

DCF

—

Current price

$890.11

Analyst consensus

$714.42

-19.74%

2030 Target

$584.67

-34.31%

Intrinsic (DCF)

—

19 analysts:

6 Buy6 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in provided materials. Latest forward guidance from management embedded in analyst consensus estimates showing 2026 revenue of $74.63B (+10.42% YoY) and 2027 revenue of $81.08B (+8.64% YoY). Management emphasis on data center power solutions, autonomous equipment, and infrastructure spending as growth drivers through 2028+.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,002.29

$99.7B Rev × 4.5x P/S

Base case (2030)

$584.67

$99.7B Rev × 2.8x P/S

Bear case (2030)

$334.10

$99.7B Rev × 1.7x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$67.1B	$64.8B	$67.6B	$74.6B	$81.1B	$87.6B	$93.8B	$99.7B
Revenue growth	—	-3.4%	4.3%	10.4%	8.6%	8.0%	7.2%	6.2%
EPS	$21.21	$21.90	$18.93	$23.08	$28.01	$33.80	$40.10	$45.50
P/S ratio	—	—	—	2.8x	2.8x	2.8x	2.8x	2.8x
Implied price	—	—	—	$501.14	$501.14	$501.14	$584.67	$584.67

Catalysts & risks

Growth catalysts

+ Data center power generation demand (Atlas Energy $840M power assets, AI infrastructure buildout)

+ Autonomous equipment adoption (Monarch Tractors acquisition, telematics partnerships)

+ Global infrastructure spending surge (U.S. infrastructure bill, mining commodity recovery)

+ Services and digital solutions expansion (recurring revenue model shift)

+ Energy transition equipment (electrification, sustainable machinery)

Key risks

- Cyclical downturn in construction/mining activity (2024 saw -3.36% revenue decline)

- Trade policy uncertainty and tariffs (Mexico-sourced equipment, China tensions)

- Geopolitical tensions impacting equipment demand (Iran conflict, supply chain disruptions)

- Valuation compression (P/E 43-44x is elevated vs. historical averages)

- Significant insider selling ($88.6M in past 90 days signals caution from management)

Methodology

Caterpillar Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 19 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 24, 2026.