Cummins stock gains 2.05 percent as Truist cuts target

Published on 10/06/2026 at 18:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins stock was up 2.05 percent at USD 534.11 on October 6, 2026, after Truist cut its target to USD 779. Q2 revenue rose 9 percent to USD 9.46 billion.

Aquarell der Industriestadt Columbus Indiana mit Fluss, Fabrikschornsteinen und Abendhimmel — Cummins Inc. Stadtaquarell US2310211063 – impressionistisches Aquarell der Industriestadt Columbus mit Fluss und Abendlicht, Illustration mit AI erstellt.

Cummins Inc. stock (ISIN US2310211063) was trading at USD 534.11 on the NYSE on October 6, 2026, at 12:15 p.m. ET, up 2.05 percent. As Markets Insider reported on October 5, Truist cut its Cummins target from USD 894 to USD 779 while keeping a Buy rating.

Truist cuts target to USD 779

The new target is 45.8 percent above Cummins stock's October 6 price. The reduction reflects concerns about the durability of power, data center and AI-related spending, along with infrastructure bottlenecks and project delays, according to Markets Insider.

MarketBeat reported a Moderate Buy consensus on October 5, based on 18 analyst ratings, with an average target of USD 731.06. That target stands 36.9 percent above the October 6 price, although the consensus also includes recent target reductions from major research firms.

Q2 revenue reaches USD 9.46 billion

Cummins recorded USD 9.46 billion in second-quarter 2026 revenue, up 9.4 percent from the prior-year quarter, while diluted EPS was USD 6.73 versus USD 6.43 a year earlier, according to the company's August 4 earnings call published by Yahoo Finance.

Management raised 2026 revenue growth guidance to 10 percent to 13 percent from 8 percent to 11 percent previously. EBITDA reached USD 1.7 billion, or 17.5 percent of sales, compared with 17.5 percent? of sales in the prior year? The source states 18.4 percent a year earlier, highlighting a margin tradeoff as volumes expand.

Power demand meets capacity limits

Power Systems revenue reached a record USD 2.3 billion in the second quarter, up 19 percent year over year, with data center demand identified as a major driver. The company also described capacity constraints in its earnings call, making execution and production expansion central to the growth case.

EquipmentShare announced a multi-year agreement with Cummins on September 29, 2026, tied to up to 1 gigawatt of natural gas generation capacity for U.S. energy projects, as reported by Joplin Globe.

Cummins stock remains below its yearly high

Cummins stock was trading at USD 534.11 on the NYSE on October 6, 2026, with a session range of USD 525.50 to USD 540.49. The 52-week range was USD 400.72 to USD 737.76, placing the stock 27.6 percent below its high, while market capitalization stood at USD 73.7 billion.