Caterpillar stock gains 2.12 percent as Truist cuts target

Published on 10/06/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caterpillar stock traded higher on October 6, 2026, as Truist kept Buy but cut its target from USD 1,225 to USD 1,100. Q2 revenue rose 24 percent.

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Caterpillar stock was trading at USD 866.11 on the NYSE on October 6, 2026, up 2.12 percent from the previous close. The move followed a Truist target reduction that preserved the firm's Buy rating while lowering its valuation reference.

Truist lowers its target

According to Yahoo Finance on October 5, 2026, Truist analyst Jamie Cook cut the Caterpillar target from USD 1,225 to USD 1,100 and maintained a Buy rating. The revised target is 27.07 percent above the October 6 price, using the same USD currency.

The note described the third-quarter setup as constructive while flagging risks from higher interest rates, elevated diesel and other input costs, infrastructure bottlenecks, and delays in power projects. That combination gives the stock a more demanding earnings test despite the positive session move.

Q2 growth sets the benchmark

Caterpillar reported Q2 2026 sales and revenue of USD 20.54 billion, up 24 percent from the same quarter a year earlier, according to Yahoo Finance. Adjusted profit per share increased to USD 8.17 from USD 4.72, a gain of 73.09 percent.

The Q2 figures give investors a clear hurdle for the next report: revenue must build on the USD 20.54 billion base while earnings sustain the jump from USD 4.72 to USD 8.17. Caterpillar also described strong order rates and a growing backlog across its three primary segments in the cited report.

Consensus stays above the market

Investing.com lists a consensus of 28 analysts at Buy, with 15 Buy ratings, 11 Holds and 2 Sells, plus an average twelve-month target of USD 970.80. The average target stands 12.09 percent above the USD 866.11 NYSE price, while the published high and low targets are USD 1,155 and USD 575.

The price still sits below its 52-week high of USD 1,073.46 and above the low of USD 483.55. A market capitalization of USD 399.0 billion and volume of 682,392 shares accompanied the October 6, 2026 quotation.

Stock holds above USD 850

Caterpillar stock was last at USD 866.11 on the NYSE on October 6, 2026, with an intraday range of USD 852.24 to USD 876.95. The next catalyst is the market's comparison of third-quarter execution with the USD 20.54 billion Q2 revenue base and the USD 8.17 adjusted EPS result.