Citi cuts target to USD 630 for Cummins stock

Published on 10/13/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins stock was at EUR 475.00 on October 13, 2026. Q2 revenue rose 9.40 percent to USD 9.46 billion.

Key points in brief

Citi cut its Cummins price target from USD 790.00 to USD 630.00 on October 12, 2026, while keeping a Buy rating.
Second-quarter 2026 revenue reached USD 9.46 billion, up 9.40 percent year over year, while earnings per share came in at USD 6.73.
Cummins stock was at EUR 475.00 at Lang & Schwarz on October 13, 2026, while the NYSE quote was USD 527.86 on October 12, 2026.
Third-quarter 2026 results are scheduled for November 5, 2026.

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Cummins stock (ISIN US2310211063) was at EUR 475.00 at Lang & Schwarz on October 13, 2026 at 11:02 a.m. CEST. On October 12, 2026, Markets Insider reported that Citi cut its Cummins target from USD 790.00 to USD 630.00 while keeping a Buy rating.

Three dates define the setup

On August 4, 2026, Cummins reported second-quarter revenue of USD 9.46 billion and earnings per share of USD 6.73, compared with analyst revenue expectations of USD 9.33 billion and earnings expectations of USD 7.21, according to MarketBeat. On September 30, 2026, Cummins and EquipmentShare agreed on a multi-year fleet deal involving up to 1 gigawatt of mobile natural-gas power capacity, as reported by Simply Wall St. On October 12, 2026, Citi reduced its target from USD 790.00 to USD 630.00, according to Markets Insider.

What does the target cut change?

The lower target puts the latest analyst action against a stock that was last quoted at USD 527.86 on the NYSE on October 12, 2026 at 4:00 p.m. ET. Citi's revised USD 630.00 target remains above that exchange quote, but its reduction is a clear counterweight to the revenue trend.

The second-quarter figures show that sales momentum and earnings quality are moving at different speeds. Revenue rose 9.40 percent year over year to USD 9.46 billion, while earnings per share missed the USD 7.21 consensus by USD 0.48, according to MarketBeat. The combination makes the November report important for assessing whether power-generation demand is translating into profit at the same pace as revenue.

November results set the next test

Simply Wall St reported that Cummins plans to publish third-quarter 2026 results on November 5, 2026 at 9:30 a.m. ET. The company enters that date with a market capitalization of USD 72.8 billion and a 52-week NYSE range of USD 400.72 to USD 737.76.

The current Lang & Schwarz quote stood at EUR 475.00 on October 13, 2026 at 11:02 a.m. CEST.

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