Caterpillar stock: Oppenheimer cuts target for Caterpillar stock to USD 1,009

Published on 10/16/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caterpillar will report third-quarter results on October 29, 2026. Caterpillar stock costs EUR 652.20 on October 16, 2026 at 5:10 p.m. CEST.

Target and dates for Caterpillar

Oppenheimer lowered its Caterpillar target to USD 1,009 on October 14, 2026.
Caterpillar will release third-quarter 2026 results on October 29, 2026.
Caterpillar stock costs EUR 652.20 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST.
Caterpillar had a market capitalization of USD 337.4 billion and a P/E ratio of 31.63 on October 16, 2026.

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Oppenheimer cut its Caterpillar price target from USD 1,118.00 to USD 1,009.00 on October 14, 2026, while maintaining an Outperform rating, according to MarketBeat. The new target is 37.19 percent above the USD 735.45 primary-exchange price supplied for Caterpillar at 11:21 a.m. ET on October 16, 2026. Caterpillar stock was trading at EUR 652.20 at Lang & Schwarz on October 16, 2026 at 5:10 p.m. CEST.

Oppenheimer resets its target

The target reduction keeps the analyst view positive but narrows the stated upside from the earlier USD 1,118.00 objective. MarketBeat also reported a consensus Moderate Buy rating and an average target of USD 967.83 on October 14, 2026, based on 27 analysts. That average stood 31.61 percent above the USD 735.45 primary-exchange price cited above.

Third-quarter results arrive October 29

Caterpillar will publish its third-quarter 2026 results on October 29, 2026, at 5:30 a.m. CDT, followed by an analyst webcast at 7:30 a.m. CDT, the company said in a release dated October 15, 2026. The event gives investors a defined date for testing demand across construction, mining and power equipment.

Revenue growth sets the comparison

For the second quarter of 2026, Caterpillar reported revenue of USD 20.54 billion and diluted earnings per share of USD 7.77. Revenue increased 23.70 percent from the year-earlier quarter, while operating margin reached 21.00 percent, according to MarketBeat. The standardized financial figures put the upcoming report in a high comparison frame.

Valuation and trading position

Caterpillar had a market capitalization of USD 337.4 billion and a P/E ratio of 31.63 as of October 16, 2026. The 52-week range was USD 318.11 to USD 1,073.46, placing the USD 735.45 primary-exchange price 31.49 percent below the high. Trading volume stood at 684,007 shares against an average of 2,794,737 shares at 11:22 a.m. ET.

Caterpillar stock in euros

The euro quotation at Lang & Schwarz stood at EUR 652.20 on October 16, 2026 at 5:10 p.m. CEST during the regular Xetra trading phase. The primary listing is on the NYSE under the ticker CAT.

The further course of trading is shown by the continuously updated real-time quote of Caterpillar stock.