Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Caterpillar (NYSE:CAT), with 75% of recent trades reflecting this sentiment. Whales have been targeting a price range from $280.0 to $310.0 for Caterpillar over the last 3 months. The current price of CAT is $290.94, up 0.79%. Analysts from Citigroup, Wells Fargo, B of A Securities, Credit Suisse, and Goldman Sachs have maintained their ratings on Caterpillar, with price targets ranging from $270 to $334.
August 04, 2023 | 11:26 am
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Bearish sentiment among investors could put downward pressure on Caterpillar's stock in the short term. However, analyst ratings and price targets suggest a potential upside, indicating mixed signals for the stock.
The bearish sentiment among investors, reflected in the majority of recent trades, could lead to a short-term decrease in Caterpillar's stock price. However, the maintained ratings and price targets from various analysts suggest a potential upside, creating a mixed outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100