Citi cuts target to USD 950 for Caterpillar stock

Published on 10/14/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 20.54 billion in the latest quarter, up 23.70 percent year over year. Caterpillar stock costs EUR 688.10 on October 14, 2026.

Analyst caution and coming dates

Citi cut its Caterpillar target from USD 1,100 to USD 950 on October 13, 2026.
Caterpillar announced a USD 1.0 billion compact-equipment investment on October 1, 2026.
Caterpillar stock was at EUR 688.10 at 9:46 a.m. CEST at Lang & Schwarz on October 14, 2026.

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Caterpillar Inc. (ISIN US1491231015) faced a fresh analyst setback on October 13, 2026, when Citi analyst Kyle Menges cut the price target from USD 1,100 to USD 950 while keeping a Buy rating, Investing.com reported. The move puts valuation discipline ahead of Caterpillar's third-quarter results, with the company stock at EUR 688.10 at Lang & Schwarz on October 14, 2026 at 9:46 a.m. CEST.

Analyst targets move lower

The Citi reduction followed a Truist target cut from USD 1,225 to USD 1,100 on October 5, 2026, according to MarketBeat. MarketBeat also reported a consensus rating of Moderate Buy and an average target of USD 982.92, but the current target revisions show that analysts are separating long-term industrial demand from near-term valuation risk.

The company still has substantial operating momentum. In its latest reported quarter, revenue reached USD 20.54 billion, up 23.70 percent year over year, while earnings per share came in at USD 8.17 against a USD 6.22 consensus estimate, MarketBeat reported on October 13, 2026.

What does the investment mean?

On October 1, 2026, Caterpillar announced a planned USD 1.0 billion U.S. investment in compact construction equipment, according to MarketBeat. The investment supports production capacity, while the target cuts indicate that investors are demanding more evidence that power-generation and data-center demand can sustain Caterpillar's premium valuation.

Three dated developments

On August 4, 2026, Caterpillar reported USD 20.54 billion in quarterly revenue and USD 8.17 earnings per share, according to MarketBeat. On October 1, 2026, it announced the USD 1.0 billion compact-equipment investment. On October 13, 2026, Citi reduced its target to USD 950 from USD 1,100, as Investing.com reported.

Upcoming reporting dates

MarketBeat lists an earnings conference call for October 29, 2026 and Caterpillar's third-quarter results for November 4, 2026, with the latter expected before the U.S. market opens. The estimates cited by MarketBeat call for USD 6.95 earnings per share and USD 20.53 billion in revenue for the third quarter.

Stock quote and investor view

Caterpillar stock was trading at EUR 688.10 at Lang & Schwarz on October 14, 2026 at 9:46 a.m. CEST. Its primary listing is the New York Stock Exchange in USD, while the finance quote showed a market capitalization of USD 356.0 billion and a 52-week range of USD 510.21 to USD 1,073.46 as of October 13, 2026.

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