Zacks downgrades Caterpillar stock to Hold after strong results

Published on 10/09/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 20.54 billion, up 23.70 percent. Caterpillar stock costs EUR 717.30 on October 9, 2026 versus EUR 711.10.

Key points in brief

Zacks Research downgraded Caterpillar from Strong Buy to Hold on October 7, 2026.
Caterpillar reported USD 20.54 billion in second-quarter 2026 revenue, up 23.70 percent year over year.
The Lang & Schwarz quote was EUR 717.30 on October 9, 2026, up 0.87 percent from the prior close.
MarketBeat lists 15 Buy ratings and 12 Hold ratings, with an average target of USD 989.17.
Caterpillar is listed on the NYSE and operates in the industrial machinery sector.

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Caterpillar (ISIN US1491231015) was downgraded from Strong Buy to Hold by Zacks Research on October 7, 2026, while the latest quarterly figures showed USD 20.54 billion in revenue and USD 8.17 in earnings per share. The results were described as strong by MarketBeat, which reported that revenue increased 23.70 percent year over year and earnings per share exceeded the USD 6.22 consensus by USD 1.95.

Three events changed the setup

On August 4, 2026, Caterpillar reported second-quarter revenue of USD 20.54 billion and earnings per share of USD 8.17, compared with USD 4.72 in the year-earlier quarter, according to MarketBeat.

On September 18, 2026, President Capital initiated coverage with a Buy rating and a USD 999.00 price target, as listed by MarketBeat. On October 7, 2026, Zacks Research cut its rating from Strong Buy to Hold while forecasting USD 27.36 in fiscal-year 2026 earnings per share, according to MarketBeat.

What does the downgrade change?

The downgrade adds a valuation counterweight to Caterpillar's operating momentum. MarketBeat's analyst table shows 15 Buy ratings and 12 Holds, with an average twelve-month target of USD 989.17, a high target of USD 1,165.00 and a low target of USD 750.00 as of October 9, 2026. The average target is 24.13 percent above the USD 796.86 U.S. reference price shown by that source, while the euro quote reflects a separate Lang & Schwarz venue.

Caterpillar's latest quarter also included USD 3.593 billion in net income attributable to common shareholders and a 17.00 percent net profit margin for the quarter ended June 30, 2026. The finance data show operating cash flow of USD 4.371 billion for the same quarter, giving the earnings discussion a cash-generation measure alongside revenue and profit.

Next date and stock quote

The next earnings date listed for Caterpillar is October 28, 2026, according to Stock Analysis. Caterpillar stock was trading at EUR 717.30 at Lang & Schwarz on October 9, 2026 at 3:12 p.m. CEST, up 0.87 percent versus the Lang & Schwarz prior close of EUR 711.10.

The primary exchange is the NYSE, where the finance quote showed USD 796.18 on October 8, 2026. The same quote placed Caterpillar's market capitalization at USD 366.7 billion and its 52-week range at USD 491.30 to USD 1,073.46.

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