Caterpillar stock: Oppenheimer cuts target for Caterpillar stock to USD 1,009.00

Published on 10/19/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oppenheimer cut its target from USD 1,118.00 to USD 1,009.00 on October 14, 2026. Caterpillar stock costs EUR 661.60 at Lang & Schwarz on October 19, 2026.

Analyst view and valuation

Oppenheimer lowered its Caterpillar target from USD 1,118.00 to USD 1,009.00 on October 14, 2026.
Caterpillar stock was trading at EUR 661.60 at Lang & Schwarz on October 19, 2026 at 3:01 p.m. CEST.
Caterpillar had a USD 335.9 billion market capitalization and a 31.43 P/E ratio as of October 16, 2026.

Comicstil-Illustration von Bulldozer und Bagger auf Baustelle mit Halbtonpunkten — Pop-Art-Comic-Illustration passend zu Caterpillar Inc. (ISIN US1491231015) mit Bulldozer und Bagger auf Baustelle, Illustration mit AI erstellt.

Caterpillar (ISIN US1491231015) is trading at EUR 661.60 at Lang & Schwarz on October 19, 2026 at 3:01 p.m. CEST. Oppenheimer cut its Caterpillar price target from USD 1,118.00 to USD 1,009.00 on October 14, 2026, while keeping its Outperform rating, according to MarketBeat.

Target cut resets the valuation debate

The new USD 1,009.00 target stands 38.08 percent above the USD 730.76 Caterpillar share price quoted on the New York Stock Exchange on October 16, 2026. The distance is calculated in US dollars, so it is separate from the euro quotation in Germany.

Caterpillar's most recent investor-relations overview lists 2025 sales and revenues of USD 67.6 billion. The company operates through Construction Industries, Resource Industries, Power and Energy, and Financial Products, with dealers and original equipment manufacturers forming an important distribution channel.

Range and valuation set the frame

The US listing stood within a 52-week range of USD 510.21 to USD 1,073.46 as of October 16, 2026. The USD 730.76 price was 31.92 percent below the yearly high and 43.22 percent above the yearly low. Caterpillar's market capitalization was USD 335.9 billion, its P/E ratio was 31.43, and its trailing dividend yield was 1.00 percent on that date.

October 29 results are next

Caterpillar's next earnings report was scheduled for October 29, 2026, before the US market open, according to Gekko. The same listing gave consensus estimates of USD 7.04 for earnings per share and USD 20.76 billion for revenue.

Comparison with peers

Caterpillar (NYSE, USD): P/E 31.43, market capitalization USD 335.9 billion.
Deere and Company (NYSE, USD): minus 1.35 percent, P/E 35.66, market capitalization USD 173.1 billion.
Cummins (NYSE, USD): minus 0.26 percent, P/E 27.16, market capitalization USD 73.1 billion.

What the quotation shows

The euro quotation places Caterpillar below its October 16 US price after currency and venue differences are considered. The main investor checkpoints are the reduced Oppenheimer target, the October 29 reporting date and the elevated valuation relative to Cummins.

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