JPMorgan cuts target for Cummins stock to USD 600

Published on 10/01/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins stock revenue hit USD 9.5 billion in the second quarter, up 9.00 percent. EUR 461.05 versus EUR 459.30 on October 1, 2026, plus 0.38 percent.

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Cummins stock was trading at EUR 461.05 at Lang & Schwarz on October 1, 2026 at 2:48 p.m. CEST, plus 0.38 percent versus the EUR 459.30 prior close. On September 23, 2026, JPMorgan cut its Cummins price target from USD 690 to USD 600 while maintaining a neutral rating, as MarketScreener reported.

Revenue reaches USD 9.5 billion

Cummins reported USD 9.5 billion in revenue for the second quarter of 2026, up 9.00 percent from the same period of 2025. Diluted earnings per share reached USD 6.73, while net income attributable to Cummins was USD 932.0 million, according to Corpwire on September 17, 2026.

The same report said Cummins raised its full-year 2026 revenue growth guidance to 10.00 percent to 13.00 percent from 8.00 percent to 11.00 percent. The guidance change gives the target cut a clear counterweight: operating performance improved, but JPMorgan's valuation view became more cautious.

Power demand broadens the story

Power Systems sales increased 19.00 percent year over year in the second quarter of 2026 to USD 2.3 billion, driven partly by data-center demand, while Accelera sales rose 38.00 percent to USD 145.0 million, according to the same Cummins results report. These figures show why the company is balancing established engine demand with newer power technologies.

At IAA Transportation 2026, Cummins and Accelera also announced plans to expand battery manufacturing in Europe, including production of an advanced lithium iron phosphate platform in Spain. MarketScreener reported the announcement on September 21, 2026.

Stock remains below its yearly high

The primary-market quote was last at USD 516.57 on the NYSE on September 30, 2026 at 4:00 p.m. ET. Cummins had a USD 400.72 to USD 737.76 52-week range and a USD 71.3 billion market capitalization as of September 30, 2026.

For investors, the key tension is visible in the numbers: second-quarter revenue growth and higher full-year guidance contrast with JPMorgan's USD 600 target, which is below its earlier USD 690 view. The market is therefore weighing stronger demand against a more restrained valuation assessment.

EUR 461.05 in afternoon trading

Cummins stock was trading at EUR 461.05 at Lang & Schwarz on October 1, 2026 at 2:48 p.m. CEST, plus 0.38 percent versus the prior close of EUR 459.30 at Lang & Schwarz on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.