Truist cuts target for Cummins stock to USD 779

Published on 10/06/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 9.46 billion, up 9.40 percent year over year. Cummins stock costs EUR 467.45 on October 6, 2026 versus EUR 468.10.

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Truist Securities maintained a Buy rating for Cummins and cut its price target from USD 894.00 to USD 779.00 on October 5, 2026, according to GuruFocus. Cummins stock was trading at EUR 467.45 at Lang & Schwarz on October 6, 2026 at 9:15 a.m. CEST, down 0.14 percent versus the EUR 468.10 prior close.

Revenue guidance moves higher

Cummins raised its full-year 2026 revenue growth outlook to 10.00%-13.00% from 8.00%-11.00% during its second-quarter earnings call on August 4, 2026. The company also lifted its full-year 2026 EBITDA margin outlook to 18.00%-18.50%, according to Yahoo Finance.

For the second quarter of 2026, revenue reached USD 9.46 billion, up 9.40 percent from the second quarter of 2025. Net income attributable to common shareholders was USD 932.0 million, compared with USD 890.0 million in the prior-year quarter, while diluted earnings per share rose to USD 6.73 from USD 6.43, according to MarketBeat.

Power demand supports the outlook

The strongest operating driver was Power Systems, where second-quarter 2026 revenue increased 19.00 percent year over year to USD 2.30 billion. Cummins said global power-generation revenue could grow 15.00%-25.00% in 2026, with data-center demand supporting orders while capacity limits constrain larger generator configurations.

The outlook also carries execution risks. Cummins expects limited production of its model year 2027 X15 and X10 engines to begin in January 2027, with full production scheduled for later in 2027, as the company manages the transition to new emissions-compliant platforms.

Target cut meets a wider range

MarketBeat reported that analysts had a Moderate Buy consensus and an average price target of USD 724.29, while the Truist action set a lower USD 779.00 target than its previous USD 894.00 level. Cummins' USD 72.2 billion market capitalization and USD 400.72 to USD 737.76 52-week range place the EUR 467.45 Lang & Schwarz quote in a broad valuation context as of October 5, 2026.

Yahoo Finance lists November 5, 2026 as Cummins' next earnings date, giving the updated 2026 outlook its next scheduled financial checkpoint. The company operates through Engine, Distribution, Components, Power Systems and Accelera, linking the near-term truck cycle with longer-term power-generation demand.

Stock holds near EUR 467

Cummins stock was trading at EUR 467.45 at Lang & Schwarz on October 6, 2026 at 9:15 a.m. CEST, down 0.14 percent from the EUR 468.10 prior close dated October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Cummins stock.