Caterpillar, Inc. (CAT) is currently trading at $908.55. Based on 26 Wall Street analysts, the average target price is $920.14, implying a 1.3% upside. The consensus recommendation is BUY.

CAT

Caterpillar, Inc.

IndustrialsOpinion: buy

Opinion Criteria: Based on the consensus of Wall Street analysts. Strong Buy (1.0-1.5), Buy (1.5-2.5), Hold (2.5-3.5), Sell (3.5-4.5), Strong Sell (4.5-5.0).

View on Yahoo Finance Insider data on Yahoo

Price (USD)

$908.55

Consensus target price range

Low–high band from analyst PT changes in the last 3 months; median & sample mean vs current price

No price target figures in the last 3 months of upgrade/downgrade history—range cannot be shown.

Band uses only the revised target (Current column) from firm actions dated within the last 3 months—not the Prior price.

Recent price target updates (latest 80)

Firm	Date	PT action	Prior → Current
JP Morgan	Oct 14, 2024	Raises	$435.00 → $500.00
Morgan Stanley	Oct 14, 2024	Lowers	$349.00 → $332.00
Citigroup	Oct 9, 2024	Raises	$380.00 → $445.00
Truist Securities	Oct 9, 2024	Raises	$399.00 → $456.00
B of A Securities	Sep 30, 2024	Raises	$376.00 → $434.00
Evercore ISI Group	Aug 19, 2024	Lowers	$338.00 → $321.00
B of A Securities	Aug 7, 2024	Lowers	$385.00 → $376.00
Barclays	Aug 7, 2024	Raises	$315.00 → $335.00
UBS	Aug 7, 2024	Raises	$270.00 → $285.00
Truist Securities	Aug 7, 2024	Raises	$390.00 → $399.00
Raymond James	Jun 28, 2024	—	$0.00 → $0.00
Citigroup	Jun 26, 2024	Announces	$0.00 → $380.00
HSBC	Apr 30, 2024	Raises	$330.00 → $360.00
TD Cowen	Apr 26, 2024	Raises	$338.00 → $340.00
Stifel	Apr 26, 2024	Raises	$293.00 → $350.00
Oppenheimer	Apr 18, 2024	—	$0.00 → $0.00
JP Morgan	Apr 16, 2024	Raises	$385.00 → $435.00
Goldman Sachs	Apr 16, 2024	Raises	$357.00 → $408.00
Truist Securities	Mar 14, 2024	Announces	$0.00 → $390.00
Evercore ISI Group	Feb 20, 2024	Raises	$321.00 → $338.00
Citigroup	Feb 12, 2024	Raises	$255.00 → $340.00
JP Morgan	Feb 6, 2024	Raises	$345.00 → $385.00
Baird	Feb 6, 2024	Raises	$210.00 → $257.00
Wells Fargo	Feb 6, 2024	Raises	$290.00 → $325.00
Goldman Sachs	Feb 6, 2024	Raises	$274.00 → $357.00
Morgan Stanley	Jan 8, 2024	Announces	$0.00 → $270.00
Bernstein	Dec 21, 2023	Raises	$216.00 → $245.00
Stifel	Dec 19, 2023	Raises	$285.00 → $293.00
HSBC	Nov 20, 2023	Announces	$0.00 → $250.00
Tigress Financial	Nov 8, 2023	Raises	$282.00 → $295.00
Goldman Sachs	Nov 1, 2023	Lowers	$315.00 → $274.00
JP Morgan	Oct 16, 2023	Raises	$315.00 → $320.00
Stifel	Aug 2, 2023	Raises	$275.00 → $300.00
JP Morgan	Aug 2, 2023	Raises	$275.00 → $315.00
TD Cowen	Aug 2, 2023	Raises	$287.00 → $320.00
Wells Fargo	Aug 2, 2023	Raises	$240.00 → $285.00
B of A Securities	Aug 2, 2023	Raises	$283.00 → $323.00
Credit Suisse	Aug 2, 2023	Raises	$279.00 → $334.00
Goldman Sachs	Aug 2, 2023	Raises	$274.00 → $315.00
Barclays	Aug 2, 2023	Raises	$225.00 → $250.00
Baird	Aug 2, 2023	Raises	$183.00 → $234.00
Citigroup	Jul 18, 2023	Raises	$240.00 → $270.00
DA Davidson	Jun 22, 2023	Announces	$0.00 → $263.00
Tigress Financial	Jun 1, 2023	Raises	$266.00 → $282.00
DA Davidson	May 9, 2023	Lowers	$288.00 → $263.00
Baird	May 8, 2023	Lowers	$185.00 → $180.00
Stifel	May 1, 2023	Raises	$273.00 → $275.00
Morgan Stanley	Apr 28, 2023	Raises	$190.00 → $191.00
Credit Suisse	Apr 28, 2023	Lowers	$307.00 → $279.00
Deutsche Bank	Apr 12, 2023	Lowers	$228.00 → $225.00
Baird	Mar 27, 2023	Lowers	$230.00 → $185.00
UBS	Mar 10, 2023	Lowers	$230.00 → $225.00
Baird	Feb 13, 2023	Lowers	$290.00 → $230.00
Citigroup	Feb 6, 2023	Raises	$250.00 → $260.00
Wells Fargo	Feb 1, 2023	Raises	$228.00 → $240.00
Credit Suisse	Feb 1, 2023	Raises	$290.00 → $306.00
Barclays	Feb 1, 2023	Raises	$200.00 → $225.00
B of A Securities	Jan 13, 2023	Raises	$217.00 → $295.00
Wells Fargo	Jan 10, 2023	Raises	$218.00 → $228.00
Stifel	Dec 19, 2022	Raises	$260.00 → $271.00
Morgan Stanley	Dec 14, 2022	Raises	$174.00 → $190.00
Goldman Sachs	Nov 9, 2022	Raises	$252.00 → $273.00
UBS	Oct 31, 2022	Raises	$225.00 → $230.00
Morgan Stanley	Oct 28, 2022	Raises	$143.00 → $174.00
Wells Fargo	Oct 28, 2022	Raises	$205.00 → $218.00
Credit Suisse	Oct 28, 2022	Raises	$236.00 → $255.00
Deutsche Bank	Oct 28, 2022	Raises	$196.00 → $221.00
Morgan Stanley	Oct 13, 2022	Raises	$142.00 → $143.00
Deutsche Bank	Oct 13, 2022	Lowers	$222.00 → $196.00
JP Morgan	Oct 6, 2022	Raises	$205.00 → $220.00
Tigress Financial	Sep 30, 2022	Lowers	$282.00 → $266.00
Citigroup	Sep 28, 2022	Lowers	$195.00 → $180.00
UBS	Aug 3, 2022	Lowers	$250.00 → $225.00
Credit Suisse	Aug 3, 2022	Raises	$226.00 → $236.00
Wells Fargo	Aug 3, 2022	Lowers	$230.00 → $205.00
Bernstein	Aug 3, 2022	Announces	$0.00 → $195.00
Morgan Stanley	Jul 18, 2022	Lowers	$161.00 → $142.00
Deutsche Bank	Jul 13, 2022	Lowers	$240.00 → $227.00
JP Morgan	Jul 12, 2022	Lowers	$250.00 → $205.00
Cowen & Co.	Jul 7, 2022	Lowers	$255.00 → $225.00

JP MorganOct 14, 2024
PT action: Raises
$435.00 → $500.00
Morgan StanleyOct 14, 2024
PT action: Lowers
$349.00 → $332.00
CitigroupOct 9, 2024
PT action: Raises
$380.00 → $445.00
Truist SecuritiesOct 9, 2024
PT action: Raises
$399.00 → $456.00
B of A SecuritiesSep 30, 2024
PT action: Raises
$376.00 → $434.00
Evercore ISI GroupAug 19, 2024
PT action: Lowers
$338.00 → $321.00
B of A SecuritiesAug 7, 2024
PT action: Lowers
$385.00 → $376.00
BarclaysAug 7, 2024
PT action: Raises
$315.00 → $335.00
UBSAug 7, 2024
PT action: Raises
$270.00 → $285.00
Truist SecuritiesAug 7, 2024
PT action: Raises
$390.00 → $399.00
Raymond JamesJun 28, 2024
PT action: —
$0.00 → $0.00
CitigroupJun 26, 2024
PT action: Announces
$0.00 → $380.00
HSBCApr 30, 2024
PT action: Raises
$330.00 → $360.00
TD CowenApr 26, 2024
PT action: Raises
$338.00 → $340.00
StifelApr 26, 2024
PT action: Raises
$293.00 → $350.00
OppenheimerApr 18, 2024
PT action: —
$0.00 → $0.00
JP MorganApr 16, 2024
PT action: Raises
$385.00 → $435.00
Goldman SachsApr 16, 2024
PT action: Raises
$357.00 → $408.00
Truist SecuritiesMar 14, 2024
PT action: Announces
$0.00 → $390.00
Evercore ISI GroupFeb 20, 2024
PT action: Raises
$321.00 → $338.00
CitigroupFeb 12, 2024
PT action: Raises
$255.00 → $340.00
JP MorganFeb 6, 2024
PT action: Raises
$345.00 → $385.00
BairdFeb 6, 2024
PT action: Raises
$210.00 → $257.00
Wells FargoFeb 6, 2024
PT action: Raises
$290.00 → $325.00
Goldman SachsFeb 6, 2024
PT action: Raises
$274.00 → $357.00
Morgan StanleyJan 8, 2024
PT action: Announces
$0.00 → $270.00
BernsteinDec 21, 2023
PT action: Raises
$216.00 → $245.00
StifelDec 19, 2023
PT action: Raises
$285.00 → $293.00
HSBCNov 20, 2023
PT action: Announces
$0.00 → $250.00
Tigress FinancialNov 8, 2023
PT action: Raises
$282.00 → $295.00
Goldman SachsNov 1, 2023
PT action: Lowers
$315.00 → $274.00
JP MorganOct 16, 2023
PT action: Raises
$315.00 → $320.00
StifelAug 2, 2023
PT action: Raises
$275.00 → $300.00
JP MorganAug 2, 2023
PT action: Raises
$275.00 → $315.00
TD CowenAug 2, 2023
PT action: Raises
$287.00 → $320.00
Wells FargoAug 2, 2023
PT action: Raises
$240.00 → $285.00
B of A SecuritiesAug 2, 2023
PT action: Raises
$283.00 → $323.00
Credit SuisseAug 2, 2023
PT action: Raises
$279.00 → $334.00
Goldman SachsAug 2, 2023
PT action: Raises
$274.00 → $315.00
BarclaysAug 2, 2023
PT action: Raises
$225.00 → $250.00
BairdAug 2, 2023
PT action: Raises
$183.00 → $234.00
CitigroupJul 18, 2023
PT action: Raises
$240.00 → $270.00
DA DavidsonJun 22, 2023
PT action: Announces
$0.00 → $263.00
Tigress FinancialJun 1, 2023
PT action: Raises
$266.00 → $282.00
DA DavidsonMay 9, 2023
PT action: Lowers
$288.00 → $263.00
BairdMay 8, 2023
PT action: Lowers
$185.00 → $180.00
StifelMay 1, 2023
PT action: Raises
$273.00 → $275.00
Morgan StanleyApr 28, 2023
PT action: Raises
$190.00 → $191.00
Credit SuisseApr 28, 2023
PT action: Lowers
$307.00 → $279.00
Deutsche BankApr 12, 2023
PT action: Lowers
$228.00 → $225.00
BairdMar 27, 2023
PT action: Lowers
$230.00 → $185.00
UBSMar 10, 2023
PT action: Lowers
$230.00 → $225.00
BairdFeb 13, 2023
PT action: Lowers
$290.00 → $230.00
CitigroupFeb 6, 2023
PT action: Raises
$250.00 → $260.00
Wells FargoFeb 1, 2023
PT action: Raises
$228.00 → $240.00
Credit SuisseFeb 1, 2023
PT action: Raises
$290.00 → $306.00
BarclaysFeb 1, 2023
PT action: Raises
$200.00 → $225.00
B of A SecuritiesJan 13, 2023
PT action: Raises
$217.00 → $295.00
Wells FargoJan 10, 2023
PT action: Raises
$218.00 → $228.00
StifelDec 19, 2022
PT action: Raises
$260.00 → $271.00
Morgan StanleyDec 14, 2022
PT action: Raises
$174.00 → $190.00
Goldman SachsNov 9, 2022
PT action: Raises
$252.00 → $273.00
UBSOct 31, 2022
PT action: Raises
$225.00 → $230.00
Morgan StanleyOct 28, 2022
PT action: Raises
$143.00 → $174.00
Wells FargoOct 28, 2022
PT action: Raises
$205.00 → $218.00
Credit SuisseOct 28, 2022
PT action: Raises
$236.00 → $255.00
Deutsche BankOct 28, 2022
PT action: Raises
$196.00 → $221.00
Morgan StanleyOct 13, 2022
PT action: Raises
$142.00 → $143.00
Deutsche BankOct 13, 2022
PT action: Lowers
$222.00 → $196.00
JP MorganOct 6, 2022
PT action: Raises
$205.00 → $220.00
Tigress FinancialSep 30, 2022
PT action: Lowers
$282.00 → $266.00
CitigroupSep 28, 2022
PT action: Lowers
$195.00 → $180.00
UBSAug 3, 2022
PT action: Lowers
$250.00 → $225.00
Credit SuisseAug 3, 2022
PT action: Raises
$226.00 → $236.00
Wells FargoAug 3, 2022
PT action: Lowers
$230.00 → $205.00
BernsteinAug 3, 2022
PT action: Announces
$0.00 → $195.00
Morgan StanleyJul 18, 2022
PT action: Lowers
$161.00 → $142.00
Deutsche BankJul 13, 2022
PT action: Lowers
$240.00 → $227.00
JP MorganJul 12, 2022
PT action: Lowers
$250.00 → $205.00
Cowen & Co.Jul 7, 2022
PT action: Lowers
$255.00 → $225.00

Band uses only the revised target (Current column) from firm actions dated within the last 3 months—not the Prior price.

Avg Target

$920.14

Based on 26 analysts

Analyst Recommendations

Buy (15)Hold (11)Sell (2)

Upside

+1.28%

Market Cap

$418.47B

Financial & Investment Metrics

Next Earnings Date

Aug 4, 2026D-69

P/E Ratio (TTM)45.29

Forward P/E30.48

P/B Ratio22.43

Dividend Yield0.69%

Return on Equity (ROE)51.33%

Operating Margin18.18%

Debt to Equity230.79

Beta (Volatility)1.63

52 Week Range$339.50 - $931.35

LowCurrent: $908.55High

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Insider Sentiment Index (Last 6 Months)

Counts and listings exclude stock awards, gifts, and option exercises—open-market purchases and sales only.

Buy vs Sell (Count)

Insider Buys: 1Insider Sells: 9

Whale Trades (C-Level Large Buys)

Major insider buying detected recently.

MACLENNAN DAVID W (Director) - 250 shares

Recent Insider Transactions

Date	Name	Position	Transaction	Shares
5/14/2026	JOHNSON DENISE C.	Officer	Sale at price 904.70 - 911.92 per share.	12,605
5/13/2026	SCHAUPP WILLIAM E	Officer	Sale at price 906.00 per share.	360
5/13/2026	JOHNSON DENISE C.	Officer	Sale at price 909.46 - 910.24 per share.	6,196
5/11/2026	FASSINO ANTHONY D.	Officer	Sale at price 916.75 - 917.73 per share.	16,283
5/6/2026	DE LANGE BOB	Officer	Sale at price 922.55 - 923.47 per share.	24,222
5/6/2026	FASSINO ANTHONY D.	Officer	Sale at price 926.23 - 926.83 per share.	9,152
5/6/2026	BONFIELD ANDREW ROBERT JOHN	Officer	Sale at price 918.71 per share.	15,674
5/5/2026	SHURMAN RODNEY MICHAEL	Officer	Sale at price 903.14 - 903.55 per share.	5,639
5/4/2026	MACLENNAN DAVID W	Director	Purchase at price 876.84 per share.	250
5/4/2026	KAISER JASON	Officer	Sale at price 883.03 per share.	5,642

Frequently Asked Questions

Q. What is the current target price and upside for CAT?

A. The current target price for Caterpillar, Inc. is $920.14, which implies a 1.3% upside from the current price of $908.55. This is based on the consensus of 26 Wall Street analysts.

Q. What is the current analyst recommendation for CAT?

A. Currently, there are 1 Strong Buy, 14 Buy, 11 Hold, 2 Sell, and 0 Strong Sell ratings. The overall consensus is BUY.

Q. Are insiders buying CAT stock recently?

A. Over the past 6 months, there have been 1 insider buys and 9 insider sells. Insider selling is more prominent recently.

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