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Global Infrastructure Expansion Will Drive Equipment Renewal Cycle

Published
02 Sep 24
Updated
23 Sep 25
AnalystConsensusTarget's Fair Value
US$458.91
1.5% overvalued intrinsic discount
23 Sep
US$465.76
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1Y
19.1%
7D
-0.2%

Author's Valuation

US$458.91

1.5% overvalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on23 Sep 25
Fair value Increased 1.21%

Caterpillar’s consensus price target was raised to $458.91 as analysts grow more confident in operational momentum, resilient margins, and the potential for earnings recovery in 2025 despite tariff headwinds and some downward EPS revisions from bears. Analyst Commentary Bullish analysts are raising price targets based on strong Q2 results, resilient construction equipment margins, and successful management of dealer inventories, suggesting continued operational momentum despite tariff pressures.

Shared on07 Aug 25
Fair value Increased 6.39%

Caterpillar’s fair value estimate remains steady at $426.17, as both its future P/E ratio and consensus revenue growth forecasts show no significant change. What's in the News Caterpillar, Joule Capital Partners, and Wheeler Machinery Co. agreed to power Joule's Utah data center campus with Caterpillar's advanced generator sets, integrated cooling and power solutions, and substantial grid-forming battery energy storage, emphasizing fast deployment and comprehensive support.

Shared on08 May 25
Fair value Increased 19%

Shared on30 Apr 25
Fair value Decreased 2.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on23 Apr 25
Fair value Increased 1.54%

AnalystConsensusTarget has increased shares outstanding growth rate from -0.0% to 0.0%.

Shared on17 Apr 25
Fair value Decreased 2.74%

AnalystConsensusTarget has decreased revenue growth from 3.7% to 3.2%.

Shared on09 Apr 25
Fair value Decreased 3.41%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Decreased 1.55%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on11 Mar 25
Fair value Decreased 0.23%

AnalystConsensusTarget has increased revenue growth from 1.8% to 3.7%.