Analyst Expectations for Caterpillar's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have provided ratings on Caterpillar (NYSE:CAT), with an average price target of $284.75, representing an implied upside from the current price of $252.49. The consensus includes 2 bullish, 1 somewhat bullish, and 1 indifferent rating. This average price target is a 6.33% decrease from the previous target of $304.00. Analysts rate stocks to predict performance, and these ratings are updated quarterly.
November 20, 2023 | 12:00 pm
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Caterpillar has received an updated average price target of $284.75 from analysts, which is lower than the previous target but still suggests an upside from the current price. The ratings are mostly positive, with no bearish outlooks.
The average price target provided by analysts suggests a positive outlook for Caterpillar's stock price in the short term. Despite the decrease from the previous target, the absence of bearish ratings and the presence of mostly bullish sentiments indicate a potential for stock price appreciation. However, as analyst ratings are opinions and not guarantees, the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100