Truist cuts target for Cummins stock from USD 894 to USD 779

Published on 10/07/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins raised 2026 revenue guidance to 10-13 percent from 8-11 percent. Cummins stock costs EUR 474.75 on October 7, 2026 versus EUR 475.45.

Schwarz-Weiß-Reportagefoto einer Flotte schwerer LKW auf industriellem Außengelände bei Gegenlicht — Cummins Inc. LKW-Flotte US2310211063 – dokumentarisches Schwarzweiß-Bild schwerer Nutzfahrzeuge auf industriellem Außengelände, Illustration mit AI erstellt.

Cummins Inc. (ISIN US2310211063) stock was trading at EUR 474.75 at Lang & Schwarz on October 7, 2026, down 0.15 percent from the prior close of EUR 475.45. According to Markets Insider on October 5, 2026, Truist cut its Cummins price target from USD 894 to USD 779 while keeping a Buy rating.

Truist lowers target before results

The target cut puts the latest analyst action against a stock valued at USD 72.4 billion on October 7, 2026. The same report identified data center and power infrastructure spending as a demand opportunity, while project delays, financing questions, higher interest rates and diesel costs remained risks to the earnings outlook.

The next quarterly report is scheduled for November 5, 2026, according to Simply Wall St. That date gives the market a defined test for whether the recent demand narrative is converting into sales and margins.

Revenue guidance moves higher

In the second quarter of 2026, Cummins generated USD 9.46 billion of revenue, up 9.40 percent year over year, while adjusted earnings per share reached USD 6.94 and missed the USD 7.33 consensus estimate by 5.30 percent, according to Zacks.

Zacks also reported that Cummins raised its full-year 2026 revenue growth outlook to 10-13 percent from 8-11 percent. The contrast matters: sales exceeded the USD 9.33 billion consensus by 1.38 percent, but adjusted earnings per share fell short, leaving cost control as an important counterweight to power demand.

Stock remains below yearly high

Cummins' primary listing is on the NYSE, where the finance quote showed USD 524.34 at 9:30 a.m. ET on October 7, 2026. The same market context placed the 52-week range at USD 400.72 to USD 737.76, while the euro reference price remained tied to Lang & Schwarz.

At Lang & Schwarz, Cummins stock was trading at EUR 474.75 on October 7, 2026 at 3:18 p.m. CEST, down 0.15 percent versus the prior close of EUR 475.45. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.